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.

n: an interest in oil and gas created out of a greater interest and assigned by the owner. Examples are the grant of an overriding royalty interest out of a working interest and the grant of an oil payment out of a working interest.

n: a non operating interest in oil and gas from one or more leases that provides its owner a fractional share of the oil and gas produced, free of the costs of production, and that terminates when a specified dollar amount or volume of production has been realised. Oil payments may be created and reserved when a lease or royalty interest is assigned. or they may be carved out of a leasehold or royalty interest and assigned to another party.