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re: Just bought 40 acres
Posted on 10/31/13 at 8:12 pm to SD90MAC
Posted on 10/31/13 at 8:12 pm to SD90MAC
quote:pretty much
Tell me if im wrong here, i just paid the seller for the land(6 figures), she gets all oil money, i get nothing unless they drill on the land, and i got to pay the taxes on the land every year, and the ten year clock starts over if they hit oil, and it dont start again till the well is dry.
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