Excess Royalty Interest???
Hi, All!
I just received a pair of division orders from Petrohawk. One of them has for Type of Interest RI (Royalty Interest) and it has a certain decimal interest listed. The other one has ERI (Excess Royalty Interest) and the decimal interest listed is over twice the one listed as RI. The thing is the decimal interest on the ERI division order seems to be the payment decimal for the amount of land we have, the royalty %, and acreage of the section. I'm not quite sure where the decimal interest for the RI division order is coming from.
Anybody have a clue? What is "Excess Royalty Interest"? If I knew that it might help me figure this out.
Thanks!
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