MLchartDataset catalogue

Bonus consideration

Term · Oil and gas · MLC-T-OAG-000400

An upfront payment made by a lessee to a lessor as an incentive to secure an oil and gas lease. This payment is typically a lump sum paid upon the execution of the lease, regardless of whether production is ever established. It compensates the landowner for granting the exclusive right to explore for and produce hydrocarbons from their property for a specified term.

Table 1. Record
IdentifierMLC-T-OAG-000400
FieldOil and gas
SubjectOil and Gas Business
Record as JSON 
{
  "id": "MLC-T-OAG-000400",
  "term": "Bonus consideration",
  "field": "Oil and gas",
  "definition": "An upfront payment made by a lessee to a lessor as an incentive to secure an oil and gas lease. This payment is typically a lump sum paid upon the execution of the lease, regardless of whether production is ever established. It compensates the landowner for granting the exclusive right to explore for and produce hydrocarbons from their property for a specified term.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/bonus-consideration/"
}

Record 429 of 4,469 in Oil and gas terminology (MLC-0103). Request the full dataset.