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Division Order decimal interest question
Started Jul 7, 2020
J. Risinger well boundaries?
3 Replies
Started this discussion. Last reply by Skip Peel - Mineral Consultant Mar 26, 2013.
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Rock Man replied to Ringo Roo's discussion Division order decimal interest in the group Shelby County, TXDivision order decimal interest
Division order decimal interest. Sorry, I posted my comment/question on general forum. Any comments or solutions/suggestions would be appreciated. Ringo RooSee More
"I Posted a question/comment about division order decimal interest on the main forum. Sorry I made that mistake. Don’t know how to start a discussion on Shelby County gsoup. Ringo Roo"
Division Order decimal interest question
Oil co has lowered the Division Order decimal interest on my latest gas royalty statements and claim I have a “negative balance“ on this particular 1000 acre gas well. I own four or five little pieces of the well and all the diff decimals add up to the exact amount on my division order, but my latest checks indicate a slightly lower total decimal interest (Which makes a BIG difference in my net $ amt.). I was never notified of this change, which is required on the div order and lease…See More
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Comment Wall (3 comments)
- At 9:29 on July 7, 2020, Skip Peel - Mineral Consultant said…
Ask Julie (jffree1) if something has changed regarding the unit such as an amendment that adjusted the size in acres. Texas allows this. Operators can add and subtract tracts from unit boundaries. They can add tracts until a unit boundary runs up against the next unit boundary. Obviously adding unit acreage would cause an adjustment in your decimal interest.
- At 5:29 on August 14, 2009,
Keith Mauck (Site Publisher) said… - Take a moment to fill the GHS Survey. Your feedback & assistance will help me guage what we need to do on the site to improve your shaling experience.
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- At 5:28 on August 14, 2009, Keith Mauck (Site Publisher) said…
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