Division Orders

Should you or should you not sign the actual division order? Or should you attach a copy with just your name, social security, address?   Just wondering, what IF, later on the actual percentages and/or description on the division order is found incorrect, is it legally binding?

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Permalink Reply by adubu on December 22, 2010 at 5:21
Mac Davis--- OK
Permalink Reply by Mac Davis on December 21, 2010 at 16:26
No other wells for this mineral interest owner, first royalty check ever.   Arrived in the mail unprompted.  However, it was pretty clear who the mineral interest owner was in this case.
Permalink Reply by PamelaC on December 21, 2010 at 19:15

Mac,

 

Good for you! What is the name of the company if you don't mind my asking? From your mouth to God's ear.

Permalink Reply by Mac Davis on December 22, 2010 at 12:12

It was Chesapeake.

 

They took their own sweet time (3 months?) before sending anything, but once they sent the DO, they sent the check at the first of the next month. 

Permalink Reply by keb on December 22, 2010 at 21:18

Mac, was the money what  you expected? were you happy? may i ask, how many acres do  you have?  I've heard so many conflicting stories about the money not being what one would expect, i'm just curious.  Still waiting for ours.

 

keb

Permalink Reply by Plaser on December 27, 2010 at 7:36
Pam:  DO received by my sis today.
Permalink Reply by PamelaC on December 27, 2010 at 8:42

Plaser,

 

Yeah!! If my mailman would just come early. I take it your mailman comes in afternoon also?

Permalink Reply by PamelaC on December 27, 2010 at 14:41

So, I got my DO's today. I really need to send them back tomorrow. The math is throwing me though. Since I do not have lease information - If the  calculations are incorrect am I stuck with those numbers according to Texas.

 

Does this NPRI calculation sound normal?? It comes out to [42/( .125/10)/759.42] , I think- could be wrong

 

[42*[[(1/10)*(1/2)*(4/5)*(1/4)]+[(1/10)*(1/2)*(1/5)*(1/4)]]]/759.42

Permalink Reply by FXEF on December 28, 2010 at 8:59

Pamela,

This may be of help assuming you have 1/8 royalty. If you have 1/4 royalty just substitue .25 instead of .125 in the formula below.

 

42 acre tract

759.42 acres unit size

1/8 royalty (.125)

==================

42 acre tract

5 people has 1/2 

42 / 2 = 21

21 / 5 =  4.2 acre per person

 

4.2 / 759.42 * .125 = 0.0006913170577546022 or 0.00069132 rounded to 8 digits

====================

42 acre tract

3 people has 1/2

42 / 2 = 21

21 / 3 = 7 acre per person

 

7 / 759.42 * .125 = 0.0011521950962577 or 0.00115220 rounded to 8 digits 

=====================

Permalink Reply by PamelaC on December 28, 2010 at 9:09

FXEF,

Thank you!

So those #'s look correct? If they aren't and I sign can it be fixed later or am I stuck with those #'s? 

Part 1 of calculation:

I get that the 1/10 is the 4.2 out of 42 acres of the 759.42 for me

I don't get the 1/2 or the 4/5

I get the 1/4 or .125 is the lease percentage

 

Part 2 of calculation:

I get that the 1/10 is the 4.2 out of 42 acres of the 759.42 acres for me

I don't get the 1/2 or the 1/5

I get the 1/4 or .125 is the lease percentage

 

Chris said SM pays 95% and Encana 5% is that why there are 2 sets of #'s in the calculations?

Total interest = .00069132

SM = .00065675

Encana the difference between the 2 = .00003457

Permalink Reply by FXEF on December 28, 2010 at 9:21

Pamela,

 

If the numbers that I posted match the DO numbers then it's pretty safe to say they are correct. I am not an attorney, so I don't know if changes can be made later.

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