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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