Can anyone tell me how many acres a .01446302 interest in a 583.77 acre unit equals?

 

Thanks

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Not without knowing the royalty percentage.
It's 1/6. Never had heard of the HS when we leased.  
Is this the decimal appearing on your DO?  If so, wouldn't it already account for your royalty percentage?

Yes, that is the amount on my DO.

btj, my calculation would be that you own approximately 50.65 net mineral acres.  Ben, I'm just not a good enough mathamagician to calculate the acreage off the DO participation decimal interest and the unit acres alone.

 

My mistake Skip.  I see now you were going the extra mile and recalculating his decimal to make sure what appeared in the DO was correct.  Very good!

Thanks, Ben.  However we might reserve judgement on my calculations until btj lets us know if I am close.  LOL!
Thanks Skip, That should be about right. I had no idea how to convert it to acreage. I wanted to double check it since I had questioned my division order and they increased it 25%, can't be too careful I guess.  
You're welcome, btj.  It's nice to get a passing grade as math was not my strong suit in school.  LOL!  Good luck to you.

Please correct me if this is the wrong way to go about this.  I use an old method to calculate the mineral interest.  If you owned 100% of the interest it would equal 583.77 acres.  If you had a 10% interest in the unit it would equal 58.377 acres.  If you only owned one-hundreth, or 1/100 you'd own 5.8377 acres.  Since you own 0.01446302 interest, wouldn't that equal about 8.4430655 acres?

You are not accounting for the royalty percentage which is one of the variables in the decimal participation number.  The standard equation is:

 

Your acres divided by the unit acres multiplied by the royalty percentage.

50.65 divided by 583.77 = 0.0867636 multiplied by 0.1667 =  0.0144634

LL, that's the formula that I was using but I knew the acreage wasn't right. I like Skip's formula much better! I appreciate everyone's help. 

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