Royalty Deed
A recorded instrument conveying only a royalty share of production — with no right to lease or develop — often creating a non-participating royalty interest.
A royalty deed conveys a right to a share of oil and gas production (or its value) without conveying any of the management powers of the mineral estate. The grantee gets royalty income but no right to lease the minerals, no executive right, no lease bonus, and no delay rentals.
Because it strips out those participation rights, a royalty deed commonly creates a non-participating royalty interest (NPRI) that rides along with whatever lease the mineral owner signs. This is the key contrast with a mineral deed, which conveys the leasing and development rights too.
Watch the fraction language carefully. A royalty deed may convey a fixed fraction of gross production (e.g., 1/16 of all oil and gas) or a fraction of the landowner's royalty under any lease — these compute very differently. Have the granting clause reviewed before relying on it; this is general information, not legal advice.