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LEGACY05 Royalty Owner Forms Oil & Gas Legal Forms

LEGACY05 Royalty Owner Forms Oil & Gas Legal Forms

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this video we're going to go into more of the basics of what is your least royalty rate if you're a mineral owner and you have leased your minerals to a company that's going to go operate and drill them and make a well and produce royalties for you how do you know what amount of royalties you agreed to now hopefully if you were the one negotiating this lease you know this because this would be one of the main amounts that you'd be negotiating so how much of every dollar do you get paid for them being able to drill your minerals when you own minerals it's a property just like your home is a property it's kind of like renting out part of your home for someone to use for a business and then saying because you're using my home you're using my materials I don't want to operate this business but you are using my stuff in exchange for you being able to use my stuff and on my property you give me 20 cents of every dollar t

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