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The amount of money one can earn from finding oil varies significantly based on several factors, including the size of the oil discovery, the location, the current market price of oil, and the terms of any agreements or leases. For landowners, royalties can range from 12.5% to 25% of the profits from oil extracted. Oil companies may also offer bonuses for leases, which can range from thousands to millions of dollars. Overall, the financial rewards can be substantial but are highly variable.

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AnswerBot

5mo ago

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