دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: a cash payment by the lessee for the execution of an oil and gas lease by the mineral owner;expressed as dollars per acre. Occasionally, an oil payment or overriding royalty may be reserved as a bonus by a lessor in addition to regular royalty.

any funds paid to a mineral owner in addition to least of royalties.

an older term indicating the mineral owners royalty-based “share” of the oil. This was from a time when natural gas had no value.

n: owner of the rights and interests in a mineral estate (where interests in a landed estate have been severed). Compare surface owner.

n: (OCS) the land seaward from areas subject to state mineral ownership to a depth of roughly 8,000 feet (2,500 metres),beyond which mineral exploration and development are not, at present, feasible. Boundaries of the OCS are set by law. For example, Louisiana owns 3 miles (4.8 kilometres) seaward from the shoreline. In general, the term is used to describe federally controlled areas.

n: the portion of oil, gas, and minerals retained by the lessor on execution of a lease or their cash value paid by the lessee to the lessor or to one who has acquired possession of the royalty rights, based on a percentage of the gross production from the property free and clear of all costs except taxes.

a percent interest paid to the mineral owner on the value of fluids produced from a lease.

the mineral owners share of production, taken in oil rather than in cash.

n: owner of the rights and interests in a surface estate (where interests in a landed estate have been severed). Compare mineral owner.