TeachMeFinance.com - explain Mineral lease
Mineral lease The term 'Mineral lease' as it applies to the area of energy can be defined as ' 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'.
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