Mineral lease

Mineral lease
  An agreement wherein a mineral interest owner (lessor) conveys to another party (lessee) the rights to explore for, develop, and produce specified minerals. The lessee acquires a working interest and the less or retains a non-operating interest in the property, referred to as the royalty interest, each in proportions agreed upon.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

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Look at other dictionaries:

  • mineral lease — see lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. mineral lease …   Law dictionary

  • mineral lease — See mining lease …   Ballentine's law dictionary

  • mineral lease — noun : mining lease …   Useful english dictionary

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • mineral — 1. adj Relating to minerals or the process and business of mining; bearing or producing valuable minerals 2. noun Any valuable inert or lifeless substance formed or deposited in its present position through natural agencies alone, and which is… …   Black's law dictionary

  • mineral — 1. adj Relating to minerals or the process and business of mining; bearing or producing valuable minerals 2. noun Any valuable inert or lifeless substance formed or deposited in its present position through natural agencies alone, and which is… …   Black's law dictionary

  • Mineral rights — Contents 1 Mineral estate 2 Mineral rights can be severed 3 Five elements of mineral rights 4 Freehold and non freehold ownership …   Wikipedia

  • Mineral Leasing Act of 1920 — The Mineral Leasing Act of 1920 30 U.S.C. § 181 et seq. is a United States federal law that authorizes and governs leasing of public lands for developing deposits of coal, petroleum, natural gas and other hydrocarbons, in addition to… …   Wikipedia

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