Oil and Gas Royalties: Royalties are the amount paid to the land owners for giving the right to develop land, or to do oil and gas extractions. If any one has a land with some mineral deposits and he/she is not interested in developing or extracting the minerals, then they can lease their mineral rights for particular point of time, so that the person who leases the rights will either develop or extract minerals of that land. In return to what the lessee is getting from the land he/she pays…
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