Speaking of contracts...
What is the boards opinion of mineral rights?
If someone owns land and mineral rights to said land...but is not advanced enough to build tools to see what is under said land...is it humane for someone who did develop said tools to go around the country and offer $1 an acre for mineral rights, knowing they could sell them for $100 an acre to someone else...or develop the minerals worth far more than that?
Or is the game..."individual responsibility"? This is "Gotcha Captilism"...sorry 'bout it.
Or is it..."you didnt provide ideas or innovation...so get gyped"?
Is leaning on weak excuses for extreme profit really where we want to go?
Would anyone here complain if they sold their mineral rights to a company for 1/75th of what the company was making off you? Or should there be some regulation? Yeah...dont tell me to leave the country...thats lazy. You know you wouldnt want it done to you.
Grand scheme of things...few athletes are overpaid. Owners reap all the rewards minus a few contracts that didnt deliver. They are making money.
As far as mineral rights go, the owner of the land is the owner of what is under the land as well. Be it oil, gas, coal, or whatever.
What you are asking about is the extraction process and ability to get those commodities (oil, gas, coal, ect...) to market in order to find a seller. You just can't sell a barrel of oil at your local Walmart.
After college, I actually worked awhile for a company that specialized in mineral extraction and strip mining. Typically, a contract was negotiated with the land owner and all the manpower, tools, equiptment, logistics, and everything else was provided by the company. They sent teams out into the field to extract and then worked with market brokers to sell the commodities at current market rate.
There was all types of legal mumbo jumbo from "leases for a certain time period, to ad infintim which basically meant you can extract till everything is gone, to even day by day rights".
In the end if I was going to ballpark it, usually it was around 70/30 split with the company taking 70% and the land owner getting 30%. Dont know if that is industry standard or just a couple of isolated examples, but that was usually the breakdown profit wise. Is that fair? I dont know, both parties agreed to the contract and both sides had lawyers review it, so nobody was being forced to do anything. So yeah, I would say that is fair.