Replies to This Discussion

landownerPermalink Reply by adubu on April 24, 2011 at 11:46

Big Dave decimal interest should be your net mineral acre/total mineral acres in unit X % royalty so 98/895 X 0.20= 0.0218994  but if you own only 0.3906 net mineral acres undivided interest in the 98acres  then your decimal interest is 0.3906/895X 0.2= 0.0000872    How did they calculate the bonus when leased? I assume $ bonus per acre X 0.3906