MLchartDataset catalogue

Overriding royalty

Term · Energy · MLC-T-ENE-001609

A royalty interest, in addition to the basic royalty, created out of the working interest; it is, therefore, limited in its duration to the life of the lease under which it is created.

Table 1. Record
IdentifierMLC-T-ENE-001609
FieldEnergy
ReferencesEIA Glossary
Record as JSON 
{
  "id": "MLC-T-ENE-001609",
  "term": "Overriding royalty",
  "field": "Energy",
  "definition": "A royalty interest, in addition to the basic royalty, created out of the working interest; it is, therefore, limited in its duration to the life of the lease under which it is created.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/overriding-royalty/"
}

Record 1,609 of 2,515 in Energy terminology (MLC-0117). Request the full dataset.