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.