My grandmother owned a home near one of those. Every year she'd get a small check from the oil company to compensate her for the oil that was under her home that they had pumped out. It was kind of cool and funny.
I was only a kid, so I don't remember details. I know it was a royalty that fluctuated because the amount was random. I also remember being told that it was only enough to buy a "nice" birthday present. So I'd guess $80 a year in the late 80s? I could be way off though.
Thank you for sharing. The price of oil in early 1980s was high at US$35 and US$10 in the late 80s. So sounds like she might have got a barrel or two's worth of oil :)
