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Permalink Reply by bobjohn on October 20, 2010 at 11:31

Sara, I got the same. I called noble on the first because I could not come up with the same mineral percentage. they said there were some problems and they were working on it. When I got the one from petrohawk the percentage still don't come out right. If I don't get some answers I will call Petrohawk tomorrow. I don't understand why we are not informed so we know what is going on.

Permalink Reply by Sara Hancock on October 21, 2010 at 2:49

Thanks Bob for the input. I don't know how to figure the mineral percentage. Joe seems to think Noble and Petrohawk are together and would both be paying. He is doing some calling this am to see what he can find out.

Permalink Reply by bobjohn on October 21, 2010 at 7:25

Sara, I finally made contact with Petrohawk--they said they was disbursing 40% of our rights and Noble was paying 60% of our rights. The way to figure your interest is to divide your total acres by 704 then multiply by your rolalty % times that no. Yours is probably .1666667 Then multiply .40times that to get Petrohawk's part.
Then multiply .60 times the no. you had that you multiplyed to get Petrohawk's % . Add these together to get your total mineral interest. Hope this helps I am not that good at explaining

Permalink Reply by Sara Hancock on October 22, 2010 at 8:34

Joe talked with Noble and they told him the same thing about the 40/60%. I will try your formula.
Thanks for your help.