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?
Views: 597
Replies to This Discussion
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Permalink Reply by Mac Davis on
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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.
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Permalink Reply by PamelaC on
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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.
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Permalink Reply by Mac Davis on
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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.
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Permalink Reply by keb on
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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
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Plaser,
Yeah!! If my mailman would just come early. I take it your mailman comes in afternoon also?
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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
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Permalink Reply by FXEF on
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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)
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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
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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
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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
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Permalink Reply by FXEF on
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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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