I’ve never seen an oil contract, so I don’t know if the mineral rights holder is on a sliding scale or not.
The contracts I’ve seen provide for the mineral rights owner to get a percent of the crude production output (1/8th, 1/6th, 1/4th, etc). The net return in dollars to the mineral rights holder would slide up/down I guess based upon what the crude market is at that time.
Thank you.