Royalty interest owner definition

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.
Sample 1Sample 2Sample 3
Royalty interest owner means a Party owning a Royalty Interest;
Sample 1Sample 2Sample 3
Royalty interest owner means the owner of an interest in oil or gas, or in the
Sample 1Sample 2Sample 3

Examples of Royalty interest owner in a sentence

  • Ridge has failed to use due diligence to perform its obligations pursuant to the Lease Agreement and the Facility Management Agreement to pay revenue attributable to the Energy Ops Royalty interest owner in full and correct amounts, resulting in a material breach of both the Lease Agreement and the Facility Management Agreement.


More Definitions of Royalty interest owner

Royalty interest owner means the owner of an interest in oil and gas that does not presently entitle the owner to explore, drill or otherwise develop those minerals, including lessors, royalty interest owners and overriding royalty interest owners. Royalty interests are non-cost bearing.
Sample 1Sample 2Sample 3
Royalty interest owner means the owner of an interest in oil or gas, or in the proceeds of production from the oil or gas who does not have the obligation to share in the expenses of developing and operating the property.
Sample 1Sample 2Sample 3
Royalty interest owner means a person owning a royalty interest.
Sample 1Sample 2Sample 3
Royalty interest owner means any individual who retains a non-working interest in oil or gas production.
Sample 1Sample 2
Royalty interest owner means a person who has a right to a share of production or a
Sample 1Sample 2
Royalty interest owner means any individual person who
Sample 1

Related to Royalty interest owner

  • Royalty Interest is defined in Section 1.01.

  • Working interest owner means a person or the estate of a person who owns an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense. “Working interest owner” does not include an unleased mineral owner.

  • Consenting working interest owner means any working interest owner who enters into an agreement with Ascent pertaining to the operation of the Kelpie SW WEL JF Unit.

  • Non-consenting working interest owner means a working interest owner who does not enter into an agreement with Ascent pertaining to the operation of the Breeze W RCH BL Unit. At the time of this order, there are no non-consenting working interest owners identified by Ascent.

  • NSR means net smelter return.

  • Contributor means Licensor and any individual or Legal Entity on behalf of whom a Contribution has been received by Licensor and subsequently incorporated within the Work.

  • Contributors has the meaning set forth in the Preamble.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Timber owner means any person having all or any part of the legal interest in timber. Where such timber is subject to a contract of sale, "timber owner" shall mean the contract purchaser.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • 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 successively: (i) the cost of transportation of such Product to a smelter or other place of treatment, and (ii) smelter and treatment charges;