Minimum Royalty

Minimum royalty is the amount of oil, gas, and shut-in royalties sufficient to maintain the UT lease in force and effect. Lessees are responsible for paying, or causing to be paid, the difference between the rental stated in the lease agreement and the total amount of royalties received by University Lands in the preceding lease year.

For Minimum Royalty questions, please contact Samantha Sawyer at ssawyer@utsystem.edu.