How is the money divided up on pumping oil wells to the landowner and permit holders?

Posted by admin on August 31st, 2009 and filed under oil wells | 4 Comments »


It depends on the individual contract unless it is Indian land. On land owned by Native Americans, the land owner gets 1% which is retained by the Federal Government and them "lost". The only exception has been the Cherokee.

4 Responses

  1. Chopperman Says:

    They get it all, blame the loss on Enron, and leave you holding squat.
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  2. Sven Wong Says:

    It depends on the individual contract unless it is Indian land. On land owned by Native Americans, the land owner gets 1% which is retained by the Federal Government and them "lost". The only exception has been the Cherokee.
    References :

  3. Matt D Says:

    Has to be a contract or something regarding mineral rights to the property. So it’s either in the property deed or a contract.
    References :

  4. Sweet Suzy 777! Says:

    If you own the mineral rights, what ever percentage you own is what determines your profit from the total.
    References :

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