SIC Code 6792-02 Description (6-Digit)

Oil royalties refer to the payments made to the owner of the mineral rights for the extraction and production of oil from their land. This industry involves the buying and selling of these oil royalties, which are essentially a percentage of the revenue generated from the oil extracted from the land. Companies in this industry act as intermediaries between the oil companies and the landowners, facilitating the transfer of royalties and ensuring that the landowners receive their fair share of the profits.

Hierarchy Navigation for SIC 6-Digit Code 6792-02

Parent Code (less specific)

6792 - Oil Royalty Traders

Tools

Royalty calculators
Mineral rights databases
Production data analysis software
Land surveying equipment
Geologic mapping software
Oil and gas lease forms
Title search software
Financial modeling tools
Oil and gas accounting software
Legal research databases

Industry Examples of Oil Royalties

Mineral rights brokers
Oil and gas investment firms
Land management companies
Royalty acquisition companies
Oil and gas exploration companies
Financial institutions specializing in oil royalties
Energy investment trusts
Private equity firms investing in oil royalties
Oil and gas royalty funds
Mineral rights auction houses

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