My experinces with Oil lease's is out of North Dakota so prices are different I am sure. We signed a lease as a trust about 5 years ago and the front money was better than what you are talking. In years past we were getting pennies in comparison.
The ones I have dealt with were perpetual if drilling occured. The ones that were pennies on the dollar never drilled and the whole process started over 3 years later. Fast forward to the development of the industry we have today. yep there are productive wells now so no more leases to sign just royalties to collect. Would have to go back and look but I think we wound up with something like 20% We just own the mineral rights no surface.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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