Shut-in royalty

{
  "id": "MLC-T-ENE-002093",
  "term": "Shut-in royalty",
  "field": "Energy",
  "definition": "A royalty paid by a lessee as compensation for a lessor's loss of income because the lessee has deferred production from a property that is known to be capable of producing minerals. Shut in may be caused by a lack of a ready market, by a lack of transportation facilities, or by other reasons. A shut-in royalty may or may not be recoverable out of future production.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/shut-in-royalty/"
}