Royalties in gas oil industry is referred to the ownership of the resource produced. Whenever there is any mineral produced on the land owner is permitted or has the right on the share of the total production. It is also agreed upon contract. As per the contract the production cost is divided and paid to the owner as per demand and as per contract decided. sell gas rights
As the land is given on contract or lease, the owner or the company does not bear any cost of operation going on the land, but still the owner owns a part of it so is entitled to a share in profit.
Royalty paid for oil.
If in case oil and gas are found in land and they produce 1000 litres a day and the price of oil per litre is $6 that month the cash out would be 1000*6=6000$/day. The owner whose % contract 25% will receive $6000*0.25=1500$/day. sell oil rights
Mineral interest the owner has the right to sign a contract and get a profit out of the production going on his land.
Mineral rights are freehold rights of underground resources such as natural gas, gold, oil, silver, copper, iron, uranium, etc. The cost of the mineral depend on the usage and demand as for oil you must see that is the most efficient mineral which is used now and then ,it is used in travel and has a huge demand, as we all know one of the greatest oil producing country is U.A.E.
Gold is another mineral which is very huge in price and demand, in earlier days gold was used for trade as now days dollars are used and more over how much the gold is stored in one country that is the richest or wealthy. Gold and silver are used as ornaments. selling mineral rights
Minerals are also used for cooking purposes and fun rides in Fairs etc.