I only own 8.889 of the 80 acres that have been in my family since about 1900. My royalty is 20%… my sister has a lease that is 25% which she got one year after my lease with another company.
I was hoping to negotiate a better lease in January 2018 when my lease was up but that won’t happen now.
I’ll be grateful for whatever the royalty checks are. I hope the oil was flow for a long time.
Thanks to you and Clint for your replies