These farmers would not own the well. They would typically be leasing the mineral rights to a company who takes the risk to drill, maintain the well and sell th

These farmers would not own the well. They would typically be leasing the mineral rights to a company who takes the risk to drill, maintain the well and sell the result, if any. Standard rates for the mineral rights owners would be around 3/16 of net proceeds. And oftentimes the mineral rights are severely fractionated among family members as ownership gets passed down and split up from generation to generation.