it kind of makes since. I dont understand how people are making so much money. we just got a lease offer on our 8 mineral rights on 160 acre property. all our lease says is that we get 3/16- 18% on 160 acres. how do i do this math? is this even worth signing?
charles s mallory said:
Shawna:
Mineral rights are the ownership of minerals under the ground surface (in most cases this means oil and gas). Mineral ownership is usually designated in acres or fractions of. The owner of mineral rights can lease their minerals for a negotiated price and terms in a lease agreement. I am not certain whether you are referring to 8 and 15 acres or .8 and .15 acres in your question. Hope this answers your questions.