royalty interest
royalty interest 使用费；使用费权益 开采自然资源或使用专利技术而应向所有人或权利人交纳的费用或相关的提成。(→royalty)
Search Results for: ROYALTY INTEREST
royalty interest
royalty interest. Oil & gas. A share of production — or the value or proceeds of production, free of the costs of production — when and if there is production. • A royalty interest is usu. expressed as a fraction (such as 1/6). A royalty-interest owner has no right to operate the property and therefore
net profits interest
net-profits interest. Oil & gas. A share of production free of the costs of production. • Like a royalty, the interest is expressed as a fraction or a percentage of production. But unlike a royalty, it is payable only if there is a net profit, and the costs that are used to calculate the net
net profits interest Read More »
working interest
working interest 经营权益；开采权益 承租人根据油气租约〔oil and gas lease〕所享有的对油气矿藏进行开采的权利。之所以如此称谓，是因为承租人获得对租赁财产进行勘探、开发和开采油气的权利，并承担支付全部成本的义务。 (→royalty)
overriding royalty
A share of either production or revenue from production (free of the costs of production) carved out of a lessee’s interest under an oil-and-gas lease. • Overriding-royalty interests are often used to compensate those who have helped structure a drilling venture. An overriding-royalty interest ends when the underlying lease terminates. [Cases: Mines and Minerals 74.
overriding royalty Read More »
mineral interest
mineral interest. Oil & gas. The right to search for, develop, and remove minerals from land or to receive a royalty based on the production of minerals. • Mineral interests are granted by an oil-and-gas lease. — Also termed mineral right. See FEE INTEREST; SUBSURFACE INTEREST; SURFACE INTEREST . [Cases: Mines and Minerals 47, 62.1,
working interest
working interest. Oil & gas. The rights to the mineral interest granted by an oil-and-gas lease, so called because the lessee acquires the right to work on the leased property to search, develop, and produce oil and gas, as well as the obligation to pay all costs. See ROYALTY(2). — Also termed leasehold interest; operating
term interest
term interest. Oil & gas. A mineral interest or royalty interest that is not perpetual. • A term interest may be for a fixed term (e.g., for 25 years) or defeasible (e.g., for 25 years and so long thereafter as there is production from the premises).
nonparticipating royalty
A share of production — or of the revenue from production free its costs — carved out of the mineral interest. • A nonparticipating-royalty holder is entitled to the stated share of production or cash without regard to the terms of any lease. Nonparticipating royalties are often retained by mineral-interest owners who sell their rights.
nonparticipating royalty Read More »
nonexecutive right
nonexecutive right. Oil & gas. A mineral interest that does not confer the right to lease. • Nonexclusive rights include royalty interests and nonexecutive mineral interests.
nonexecutive right Read More »