The Midland run sheet walks through a real Permian royalty stub line by line — gross value, deductions, decimal interest, and why the number moves every month.
How Permian mineral and royalty value is actually estimated — multiples on your check, decline, offset activity, and why no honest number is a flat rate.
Signs a Permian mineral or royalty offer is priced too low — flat multiples, no well data, pressure tactics, and how to benchmark it against your check.