mineral lease

mineral lease definition - business

mineral lease

An agreement between a property owner and another party who is allowed to explore for and extract minerals that are found on the property for a stated time. The property owner receives payments based on the value of the minerals that are extracted.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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rom

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contract between oil/gas entity and property owner to allow exploration, developement, removal, transporting or any action to take place on one's property, or beneath the surface down to specified depths as may be applicable by regulatory or personal preferences, and may and should contain any and all aspects of damages to property and other items relative to said property.

Posted by rom 96 days ago.

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