royalty interest
Royalty interest describes the ownership of a portion of the resource or revenue produced from the leased property.
royalty interest
Royalty interest describes the ownership of a portion of the resource or revenue produced from the leased property.
Additional Information
Typically, the owner of the leased property retains a royalty interest. The party with the royalty interest is not responsible for the costs and liabilities associated with the exploration, development, and operation of a well.
