From my understanding most royalty is one of 5 options
Participate in the well and pay your share, all costs and maintenance.
Get 1,000 per acre plus 12.5%
Get 800 per acre plus 18.75 %
Get 500 per acre plus 20%
Or no $ and 25%
So BM would try and sign them onto the last one to reduce any costs and raisings up front to pay for that.
I think Dan mentioned something in one of his posts similar, he could please expand again if possible.
Not investment advice, do your own research, and consult a licensed adviser
BRK discussion, page-1938
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