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!
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
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