Royalties are payments made to the owner of a property or asset for the use of that property or asset. In the context of the energy industry, royalties are often paid to landowners for the use of their land for oil and gas drilling or mining.

Deterra Royalties is a company that specializes in acquiring and managing oil and gas royalties. They purchase royalties from landowners and then receive a percentage of the revenue generated from the production of oil and gas on that land. This allows landowners to receive a lump sum payment upfront for their royalties, while Deterra Royalties takes on the risk and responsibility of managing the royalties and collecting payments from oil and gas companies.