"Wells do drop off a lot after the first year or two.
Generally, royalty checks are for production more than a month before, so not reflecting what is happening right now.
And, some companies hedged their prices (I only sort of understand) so the…"
"Depends on a lot of things including wording in the lease about deductions, location of wells, quality of what is produced (natural gas, etc), terms that the producer has with whomever is buying the products, hedging, etc. Also, of course, in…"
"In WV, I have seen a few more permits issued per week than last year when there was almost nothing. Depends on the county. I view that as somewhat encouraging. Hope others have more news/information."
"I'm glad it was a help. Others have helped me over the years.
If you learn something when talking with your county assessor that you think might help others, please share.
I'm somewhat curious about your hypothetical situation. The fee…"
"Yes you will have to pay the county property tax on whatever the assessed value of that amount of mineral rights is determined to be, by that formula that they use. Your acreage times your ownership amount. It sounds like your example retains 100%…"
"I guess you mean property taxes on the actual rights as opposed to income tax on your royalty payment.
The property taxes are collected by the counties. They assess the mineral rights by a formula which differs if there is any production (of oil…"
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