MLchartDataset catalogue

Royalty interest

Term · Oil and gas · MLC-T-OAG-003209

A property interest in the oil and gas produced from a tract of land, entitling the owner to a share of the gross production, free of the costs of drilling and operating. This interest is typically retained by the mineral owner when leasing their mineral rights. It is a non-operating interest and does not carry the right to participate in management.

Table 1. Record
IdentifierMLC-T-OAG-003209
FieldOil and gas
SubjectOil and Gas Business
Record as JSON 
{
  "id": "MLC-T-OAG-003209",
  "term": "Royalty interest",
  "field": "Oil and gas",
  "definition": "A property interest in the oil and gas produced from a tract of land, entitling the owner to a share of the gross production, free of the costs of drilling and operating. This interest is typically retained by the mineral owner when leasing their mineral rights. It is a non-operating interest and does not carry the right to participate in management.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/royalty-interest/"
}

Record 3,412 of 4,469 in Oil and gas terminology (MLC-0103). Request the full dataset.