Production payment

{
  "id": "MLC-T-OAG-002955",
  "term": "Production payment",
  "field": "Oil and gas",
  "definition": "A share of the gross production of oil and gas, free of the costs of development and operation, that terminates when a specified amount of money or volume of production has been received. This interest is often used as a financing tool, allowing an investor to receive a return on capital from future production. It is a non-operating interest.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/production-payment/"
}