# If I have a right to royalties, how much can one ask for?
**URL:** https://www.mineralrightsforum.com/t/if-i-have-a-right-to-royalties-how-much-can-one-ask-for/69859
**Category:** La Plata County, CO
**Created:** [February 23, 2023, 3:34pm UTC](https://www.mineralrightsforum.com/t/if-i-have-a-right-to-royalties-how-much-can-one-ask-for/69859 "2023-02-23T15:34:53Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Breezopoly](https://www.mineralrightsforum.com/u/Breezopoly)
#### Post date: [February 23, 2023, 3:34pm UTC](https://www.mineralrightsforum.com/t/if-i-have-a-right-to-royalties-how-much-can-one-ask-for/69859/1 "2023-02-23T15:34:53Z")
Is there any law in place for companies to pay a certain amount or is this freely negotiated between oil companies and mineral rights owners?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 27, 2023, 3:01pm UTC](https://www.mineralrightsforum.com/t/if-i-have-a-right-to-royalties-how-much-can-one-ask-for/69859/2 "2023-02-27T15:01:48Z")
CO has a minimum amount, but royalties and bonus are freely negotiated.
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### Author:  [@Breezopoly](https://www.mineralrightsforum.com/u/Breezopoly)
#### Post date: [March 1, 2023, 7:40pm UTC](https://www.mineralrightsforum.com/t/if-i-have-a-right-to-royalties-how-much-can-one-ask-for/69859/3 "2023-03-01T19:40:38Z")
Do you happen to know what the minimum is?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [March 1, 2023, 9:28pm UTC](https://www.mineralrightsforum.com/t/if-i-have-a-right-to-royalties-how-much-can-one-ask-for/69859/4 "2023-03-01T21:28:58Z")
It would be in the Colorado oil and gas statutes. Someone from CO may be able to comment. For example, OK as a minimum 1/8th royalty, but other states have other minimums.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [May 24, 2023, 3:35pm UTC](https://www.mineralrightsforum.com/t/if-i-have-a-right-to-royalties-how-much-can-one-ask-for/69859/5 "2023-05-24T15:35:24Z")
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