Tim- I don’t believe your #1 is accurate. If I am a mineral owner and elect to participate in the well, I will receive royalties for 100% of my interest. Likewise, if in Oklahoma and I choose not to lease and am force pooled, I receive royalties and there is no lease. Yes, the pooling acts as in place of a lease, but is treated all together different. Likewise, if I lease, I don’t have “royalty” until production of those minerals is established. I believe your premise is good but explanation inadequate for the novice. Mine may be as well. Unfortunately for many, there are way more questions than available space for answers.
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