Somebody Teach Me About Going Rates

Story.

I've never practiced Oil and Gas law, and the only thing I remember about the course from 20 years ago at Baylor Law School is that "1/8th" is involved a lot. Like I always say, if there is not an Indictment (or Information) involved, I don't know much about it.

So what's the going rate if a guy from Devon comes up to me and wants to drill on my 100 acres that I hold the oil and gas rights to? (Which, by the way, is a complete fantasy - much like the one I have with Natalie Portman.)