Oil and gas companies need your land to drill. To accomplish this, they will send a landman to lease your minerals. In exchange for doing so, the landman typically offers a combination of a bonus payment (an upfront payment at the time the lease is signed, which is usually a mutually a...
Each sale of property located in this state, including royalties from oil, gas or other mineral interests Other business transacted in this state2 Ohio Revised Code Section 5751.01 defines gross receipts for the purposes of Commercial Activity Tax ("CAT") as "the total amount realized by a ...