Home > Term: Shut-in royalty
Shut-in royalty
A royalty paid by a lessee as compensation for a lessor's loss of income because the lessee has deferred production from a property that is known to be capable of producing minerals. Shut in may be caused by a lack of a ready market, by a lack of transportation facilities, or by other reasons. A shut-in royalty may or may not be recoverable out of future production.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Ενέργεια
- Category: Άνθρακας; Φυσικό αέριο; Πετρέλαιο
- Company: EIA
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- Harry8L
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(London, United Kingdom)