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. C.J.S. Mines and Minerals § 308.]

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词条贡献者

法律翻译Bernardine，毕业于新加坡知名法学院，专注翻译各类与文娱与体育有关的法律文件。