Mineral interest
Term · Oil and gas · MLC-T-OAG-002376
The ownership of the oil, gas, and other minerals beneath a tract of land, including the right to explore for, develop, and produce them. This interest can be severed from surface ownership and conveyed independently. It grants the holder the right to receive royalties from any production.
| Identifier | MLC-T-OAG-002376 |
|---|---|
| Field | Oil and gas |
| Subject | Oil and Gas Business |
Record as JSON
{
"id": "MLC-T-OAG-002376",
"term": "Mineral interest",
"field": "Oil and gas",
"definition": "The ownership of the oil, gas, and other minerals beneath a tract of land, including the right to explore for, develop, and produce them. This interest can be severed from surface ownership and conveyed independently. It grants the holder the right to receive royalties from any production.",
"subject": "Oil and Gas Business",
"url": "https://mlchart.com/terminology/oil-and-gas/mineral-interest/"
}
Record 2,533 of 4,468 in Oil and gas terminology (MLC-0103). Request the full dataset.