Nonparticipating royalty interest

{
  "id": "MLC-T-OAG-002561",
  "term": "Nonparticipating royalty interest",
  "field": "Oil and gas",
  "definition": "A fractional share of gross production of oil and gas, free of the costs of exploration, development, and production, but without the right to participate in lease negotiations or receive bonus payments. This interest is created by a mineral owner who conveys a royalty but retains all other mineral rights. It is a passive income stream from production.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/nonparticipating-royalty-interest/"
}