Royalty-In-Kind Program


Subject:
Oil & Gas , Prices

Description:
This site describes the federal Royalty in Kind (RIK) Program, one of two strategies "to manage the Nation???s substantial oil and gas mineral royalty assets. Federal oil and gas leasing laws and lease terms provide the Government with the option of receiving production royalty payments either in value (RIV) or in kind ... that is, in the form of oil or gas production." From the Minerals Management Service, U.S. Department of the Interior.

Publisher:
Minerals Management Service, U.S. Department of the Interior

Language:
English

Source:
http://www.mrm.mms.gov/RIKweb/


PID= res:lii-26904