Royalty in kind definition

Royalty in kind means that a Royalty Owner takes its royalty share of production in specie, that is, in gas itself, as opposed to the payment of the value of its royalty share in money.
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Royalty in kind means natural resources associated with energy that are received by the federal
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Royalty in kind means natural resources associated with energy that are received by the federal government, the state or its agencies or political subdivisions as royalties in kind under leases or otherwise;
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Examples of Royalty in kind in a sentence

  • Ex. 39 (U.S. Dep’t of Interior, Minerals Management Service, MMS RIK Program to Help Fill Strategic Petroleum Reserve (May 31, 2007)) (describing such contracts “to transport Royalty in Kind (RIK) crude oil that will be used to resume filling the nation’s Strategic Petroleum Reserve (SPR)”); Minority Staff of the Permanent Subcomm.

  • This marked the beginning of the Bitumen Royalty in Kind program (BRIK).

  • Defines “quasi-governmental agency.” (b-2) Provides that Subsection (a)(2) does not require an officer or an employee of a state agency that provides utility services under Section 35.102 (State Authority to Sell or Convey Power), Utilities Code, and Sections 31.401 (Natural Gas Acquisition Contracts) and 52.133 (Payment of Royalty in Kind), Natural Resources Code, to register.

  • In Canada, the Alberta Government has recently agreed to fund the North West Upgrading Bitumen Refinery, near Edmonton, as part of its Bitumen Royalty in Kind initiative.

  • As well government information on its Bitumen Royalty in Kind (BRIK) program and North West Partnership was reviewed to examine the Government of Alberta’s policy to encourage more bitumen upgrading within Alberta.The media can play a significant role in public policy debates, and there has been a significant amount news coverage regarding the issue of provincial upgrading of bitumen.

  • Serv., MMS RIK Program to Help Fill Strategic Petroleum Reserve (May 31, 2007), https://www.onrr.gov/PDFDOCS/20070531.pdf (describing such contracts “to transport Royalty in Kind (RIK) crude oil that will be used to resume filling the nation’s Strategic Petroleum Reserve (SPR)”); Minority Staff of the Perm.

  • Dick Decl., Ex. 30 (U.S. Dep’t of Interior, Minerals Management Service, MMS RIK Program to Help Fill Strategic Petroleum Reserve (May 31, 2007)) (describing such contracts “to transport Royalty in Kind (RIK) crude oil that will be used to resume filling the nation’s Strategic Petroleum Reserve (SPR)”); Minority Staff of the Permanent Subcomm.

  • Department of the Interior, “Salazar Ends Controversial Royalty in Kind Program,” press release, September 16, 2009, available at https://www.doi.gov/news/pressreleases/Salazar-Ends-Controversial-Royalty-in-Kind-Program.

  • State revenue sources and funds to be discussed in greater detail in Section V.A.* Reflects funds available to the State as General Fund Unrestricted Revenue.** Reflects 25.0% and 0.5% of Total Royalty in Kind allocated to the Permanent Fund and the School Fund, respectively.*** Reflects estimated property tax cash flows to the State, net of payments to local municipalities.

  • The project will increase power demand in the area and it is proposed that the proponent should consider other power sources like solar to reduce on the power demand.


More Definitions of Royalty in kind

Royalty in kind means natural resources
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Related to Royalty in kind

  • Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Net Smelter Returns means the gross proceeds received by the Purchaser in any year from the sale of Product from the mining operation on the Property, less:

  • Royalty Agreement means the amended royalty agreement between the Partnership, Vermilion, 1209963 Alberta Ltd. and the Trust dated January 22, 2003 providing for the creation of the Royalty;

  • Mineral means gas, oil, and coal; other gaseous, liquid, and solid hydrocarbons; oil shale; cement material; sand and gravel; road material; building stone; chemical raw material; gemstone; fissionable and nonfissionable ores; colloidal and other clays; steam and other geothermal resources; and any other substance defined as a mineral by a law of this state.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.