دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: payments to royalty owners as compensation for losses in income that they may be suffering because of failure to develop a lease adequately.

n: when several producers, either voluntarily or by state regulation, pool acreages to form a unit." They may cross-assign their leases to one another, creating a common obligation to each royalty owner.

n: the minimum amount of royalty income a royalty owner is to receive under the terms of the lease agreement, regardless of the royalty owners share of actual proceeds from the sale of production. guard n: a metal shield placed around moving parts of machinery to lessen or avoid the chance of injury to personnel. In the oilfield, guards are used on equipment such as belts, power transmission chains, drums, flywheels, and drive shafts.

n: a person who owns a severed portion of a royalty interest but who does not execute leases, participate in bonuses or rentals, or have rights of exploration and production.

n: a person who owns a royalty interest in production.

n: payment to royalty owners in lieu of production, rentals, or other consideration on a shut-in gas well that is capable of producing but does not have a market.

n: pooling of leased tracts willingly undertaken by all the parties involved, both working interest owners and royalty owners.

n: unitization that is accomplished with the willing cooperation of the affected parties, both working interest owners and royalty owners.