5 ms·
You are right- I am thinking of the typical royalties paid to private land owners onshore (either 1/8th or 1/4th). Offshore federal royalties are typically ~12
by exothermic 7y ago
You are right- I am thinking of the typical royalties paid to private land owners onshore (either 1/8th or 1/4th).
Offshore federal royalties are typically ~12.5-18.5% [1]
[1] https://www.boem.gov/note07062017/ https://www.boem.gov/note07062017/