Royalty Owner Law and Legal Definition
A royalty owner means any owner of oil or gas who is entitled to oil and gas rights. A royalty owner also means any owner of an interest in an oil or gas lease which entitles him to a share in the production of the oil or gas under such lease.
The following is an example of a case law defining royalty owner:
A royalty owner is defined as one who, subject to an operator's right to search for and produce oil, gas or other hydrocarbons, owns land, mineral rights, royalties, overriding royalties, oil payments, gas payments, or other rights in any oil, gas or other hydrocarbons that may be produced from the participating area.[Edwards v. Phillips Petroleum Co., 187 Kan. 656, 661 (Kan. 1961)]