Oil royalties are payments made to the owners of land or mineral rights for allowing oil companies to extract oil from their property. It is like a fee or compensation for using the land or resources to extract oil. Full definition
Being dependent on oil royalties is of course what we have done in the last 40 years and we were never able to get it right and we never really saved any money either. (susanonthesoapbox.com)
Our top oil royalty trust is ARC Energy Trust, which is conservatively managed and financed. (canadianbusiness.com)
Defending Shell in a $ 40 million lawsuit concerning the alleged underpayment of federal oil royalties (chambers-associate.com)