Royalty owner definition

Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;
Royalty owner means an owner of what is commonly known as the royalty interest and shall not include the owner of any overriding royalty or other payment carved out of the working interest.
Royalty owner means an owner of what is commonly known as the royalty interest

Examples of Royalty owner in a sentence

  • Royalty owner information statement.Whenever payment is made for oil or gas production to an interest owner, whether pursuant to a division order, lease, servitude, or other agreement, all of the following information must be included on the check stub or on an attachment to the form of payment, unless the information is otherwise provided on a regular monthly basis:1.

  • Royalty owner" means a person or entity entitled to receive periodic payments for a nonworking interest in the production of oil or gas or in the severance of other minerals from the mineral estate." Insert: "NEW SECTION.

  • The MDL Panel created two Barnett Shale Royalty owner MDLs, one consisting of all clients represented by the undersigned firms, and another consisting of multiple royalty underpayment suits against Chesapeake by other firms.


More Definitions of Royalty owner

Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the
Royalty owner means any owner of an interest in an oil and gas lease that entitles him to share in the production of the oil and gas under the lease.
Royalty owner means a person or entity entitled to receive periodic royalty payments for a nonworking interest in the production of oil or gas.
Royalty owner means the owner of a royalty
Royalty owner means the person who pursuant to a lease arrangement with another has the right to receive, free of costs, an allocation of production or payments based upon the value of production.
Royalty owner means any owner of gas or oil in place, or owner of gas or oil rights, who is
Royalty owner means any owner of gas or oil in place, or owner of gas or oil rights, who is eligible to receive payment based on the production of gas or oil.