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TeachMeFinance.com - explain Shut-in royalty Shut-in royalty The term 'Shut-in royalty' as it applies to the area of energy can be defined as ' 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'. Previous 5 Terms: Shunt Controller Shut in Shutdown Shutdown date Shutdown margin Next 5 Terms: Shuttle Radar Topography Mission (SRTM) SHWR SI sialic sialolith About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.