2018 Louisiana Laws
Revised Statutes
TITLE 31 - Mineral Code
RS 31:80 - THE MINERAL ROYALTY

Universal Citation: LA Rev Stat § 31:80 (2018)

CHAPTER 5. THE MINERAL ROYALTY

PART 1. THE NATURE OF THE MINERAL ROYALTY

§80. Nature of mineral royalty

A mineral royalty is the right to participate in production of minerals from land owned by another or land subject to a mineral servitude owned by another. Unless expressly qualified by the parties, a royalty is a right to share in gross production free of mining or drilling and production costs.

Acts 1974, No. 50, §80, eff. Jan. 1, 1975.

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