Roberson Division Order

Just received a Division Order for the Roberson well today. The effective date is 5/1/12 and the operator is SEPCO. The lease was signed for 20%. The Order shows 0.125 for ROY and 0.075 for EX ROY. Any enlightenment on the date, operator, and ROY vs EX ROY would be appreciated.

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Replies to This Discussion

Permalink Reply by Quick Shot on February 21, 2013 at 11:49
I see SEPCO is a production company subsidiary of SWN.
Permalink Reply by ddozier on February 21, 2013 at 12:07
Ok so this where it may get a bit tricky...the div order is in net royalty. So even though your lease is for 20 the net due to you for the entire unit or production block is based on total acreage in the unit not individual lease amounts..make sense?
Permalink Reply by Quick Shot on February 21, 2013 at 12:26
I understand their calculation of the decimal, but not sure why it is divided out to 12.5% to ROY and 7.5% to EX ROY. I assume ROY means royalty, but don't have any idea what EX ROY means.
Permalink Reply by VirginiaDore on February 24, 2013 at 16:00

The .125 is the "standard royalty" and the .075 is the "extra royalty" needed to bring the amount up to the agreed-upon 20 percent.

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