SIC Code 6792-03 - Royalties-Oil & Mineral
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SIC Code 6792-03 Description (6-Digit)
Companies in the Royalties-Oil & Mineral industry are involved in the acquisition and management of mineral and oil rights. These companies do not engage in exploration or production activities, but instead earn revenue by leasing the rights to extract minerals or oil to other companies. The industry is highly dependent on commodity prices and demand for natural resources. Companies in this industry may also provide consulting services related to mineral and oil rights management.
Hierarchy Navigation for SIC 6-Digit Code 6792-03
Parent Code (less specific)
Tools
- Mineral and oil rights databases
- Geographical information systems (GIS)
- Land surveying equipment
- Legal research databases
- Financial modeling software
- Market analysis tools
- Contract management software
- Environmental impact assessment tools
- Risk management software
- Data analytics tools
Industry Examples of Royalties-Oil & Mineral
- Oil and gas royalties
- Mineral royalties
- Coal royalties
- Timber royalties
- Water royalties
- Wind energy royalties
- Solar energy royalties
- Geothermal royalties
- Metal royalties
- Nonmetallic mineral royalties
SIC Code 6792-03 - Royalties-Oil & Mineral
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