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Saudi Aramco Is World’s Most Profitable Company, F...
You are right- I am thinking of the typical royalties paid to private land owners onshore (either 1/8th or 1/4th).
Offshore federal royalties are typically ~12.5-18.5% [1]
[1]
https://www.boem.gov/note07062017/
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Offshore federal royalties are typically ~12.5-18.5% [1]
[1] https://www.boem.gov/note07062017/