............. Research Director at the Australia Institute think...

............. Research Director at the Australia Institute think tank, Rod Campbell, said the assessment showed even in the best-case scenario the economic development for the NT was not outstanding.


etc, etc.
"If a gas company came along and said can we dig up your backyard and frack in your backyard, and mess around with your potential drinking water supply, for $1,000 a year, would you do it?"

But, reality for land owners would be;

"Dual compensation for Mineral Right Owners

The landowner receives two forms of compensation for leasing his minerals. The first is called a ‘Bonus’ which is a signing bonus that is paid on a per acre basis. Typically $200-$500 per acre. The bonus will be paid once at the time of the signing of the lease, and it may be the only money the landowner will get.
The second is the oil and gas royalty which is the percent of the money generated by the oil and gas from his property. Traditionally 12.5%, but more recently around 18% – 25%. The percentage varies upon how well the landowner negotiated and how expensive the oil company expects the extraction of oil and gas to be.
However, if the oil company finds no oil or gas, or not any in economic quantities, then they abandon the prospect, and the lease expires which reverts the mineral rights back to the landowner. In this case, the Bonus was the only money the landowner received.
In the event oil and gas were found and the wells produce, then the royalties kick in. So if the oil well produce 100 barrels a day, and the price of oil is $80 per barrel that month, then the cash flow is 100x$80 = $8,000/day The royalty owner, who agreed to 15% royalty, would receive $8,000 x 0.15 = $1,200/day. Over a month, that brings in $36,000 per month to the mineral owner, who in this case, is the landowner. Now you see why oil is a big business!
Oil and gas royalties paid to the landowners will often last for decades. The oil and gas wells will deplete, however, so over time the money received from oil and gas royalties will drop considerably. The average well is thought to last 35 years.
Because of the reliable cash flow stream, oil and gas royalties make for a good investment. Finding oil and gas royalty owners who want to sell their royalties is the tough part. That’s why Blackbeard Data is here for you."
http://blackbearddata.com/oil-and-gas-royalties-what-they-are