Thank you so much for your response. I know I am asking a lot, so I appreciate your time and effort.
QUESTION 1: Thanks. This is in the Warranty Deed for sale of land (that reserves royalty interest): “Grantee is to have the full right to lease said land for oil, gas or other minerals, and to receive the bonuses and rentals…”
So, NPRI.
QUESTION 2: I was asking about the term for the 1st number, .042, in: .042 x 3/16 = .0079 ?? x royalty rate = decimal interest
You said “.042 is the owner interest.” What mucks this all up is that the county tax appraisals (2 counties) use the term “Ownership Interest” or “Owner Interest” for the other number, .0079 (which I have labeled as Decimal Interest)!
This is the kind of thing that causes me to pull my hair out!
Re: .0079, I was using the term NRI but then discovered that it is used for Working Interest owners: “Net Revenue Interest is the revenue earned after burdens such as royalty interests and overriding royalty interest have debited from the working interest.”
But perhaps it is common practice to also use that term for RI owners.
QUESTION 3: Thanks. Excellent tips.
I spoke to the DO analyst for N/2 and she said that my NMA should reflect 100% because the ROW doesn’t affect my ownership. This would explain why the former lease on S/2 gave me 100% credit, even though the highway runs through S/2, too.
QUESTION 4: Great, thanks for the referral!