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Mr . Zeman owns the mineral rights in a property in Grant County, Oklahoma. He leases the property to Force Petroleum, reserving a 1 /
Mr Zeman owns the mineral rights in a property in Grant County, Oklahoma. He leases the property to Force Petroleum, reserving a royalty. Force drills a successful well and begins producing oil. Revenue from the first year of operations totaled $ and costs of development and operation totaled $ How much revenue will each party receive? How much of the costs will each party pay?
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