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Every Thing Else Board
We have lost our Minds over green
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<blockquote data-quote="Caustic Burno" data-source="post: 532030" data-attributes="member: 694"><p>XYZ company can lease your land and pay you every year for lease rights. There is a difference in lease and royalties. Before the company pays the first dime in royalty they are recouping the cost of the well the road to get to it everything. Everybody is happy here they are rocking the roads except the guy with the well as that is part of the cost of the well. Don't think you are going to turn into Jed Clampet on royalties by the time the state, county, feds, the company get there share there is some scraps left. </p><p>Like the guy that thought he had hit the lottery and it would never end, if he had put it in the bank he could have built a nice house for his wife and him. Two hundred thousand dollars doesn't go a long way in today's economy you can go through that quick. It doesn't buy a great big house here.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 532030, member: 694"] XYZ company can lease your land and pay you every year for lease rights. There is a difference in lease and royalties. Before the company pays the first dime in royalty they are recouping the cost of the well the road to get to it everything. Everybody is happy here they are rocking the roads except the guy with the well as that is part of the cost of the well. Don't think you are going to turn into Jed Clampet on royalties by the time the state, county, feds, the company get there share there is some scraps left. Like the guy that thought he had hit the lottery and it would never end, if he had put it in the bank he could have built a nice house for his wife and him. Two hundred thousand dollars doesn't go a long way in today's economy you can go through that quick. It doesn't buy a great big house here. [/QUOTE]
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We have lost our Minds over green
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