When a company leases your land, they lease it for a period of time from 1 usually 3 years, but that can very according to the area. They offer so much an acre which is called the bonus and a percentage of the production anywhere from 3/16ths to 20 percent. They do not guarantee you they will drill so many wells, they don't even have to drill a well in that time period, but when the lease is up you can lease to someone else. And this is for you novices out there that are spouting about taking over the company and replacting the BOD and all that crap which is what it is.
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