What is the national oil royalty calculator used for?

Answer by  cmkekbif (778)

This calculator would help someone determine the amount of royalties to expect when they own and lease their rights to land that would be used to drill for oil. If a company is retrieving oil from your land, they will pay a determined rate in royalties for certain amount of oil they get.

Answer by  ikoiko (8)

The national oil royalty calculator is used by a country possessing oil as a natural resource to calculate the amount of money earned off of the sale of that natural resource to other countries or foreign businesses