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LandownerPermalink Reply by DEER HUNTER on October 13, 2011 at 10:29am

really none of my bussiness but what are you expecting as far as royalty money any guess

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LandownerPermalink Reply by Little Cougar on October 13, 2011 at 4:51pm

your right it is not any of your business but I know everyone is anxious to get an idea what to expect when their turn comes.  So I will say it is very substantial...over 50,000 and I only have 1/5 th ownership of this well...and it is a retroactive royalty payment for maybe 6-8 months.  Can't be sure until I get the statement.  So I am anxious to see what my next regular monthly royalty check will be...and because of the unusual circumstances of this negotiation, I only have royalty rights and not executor rights...at this moment I have no idea what royalty percent was negotiated ...I am assuming only the minimum 12.5 % but maybe my relatives negotiated something better.  However, I am not complaining. It was unexpected.  I also assume the relatives got the bonus payment...but they have to pay the taxes on that and I don't.  I think the tax rate on royalties is approx. 15%...I am sure my accountant will correct me on that when I talk with him next week.

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LandownerPermalink Reply by DIGGER on October 14, 2011 at 5:26am

congrads !! hope you will keep being blessed and i hope the rest of us will be blessed as well i think we all deserve it !!!

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