Dear forum members! As I have mentioned in an earlier discussion, my two sieblings, a cousin and myself - all residing in Norway - have inherited a 160 acres property in Divide County where oil is being produced. We have now received a Division Order from the oil company, and we understand that we have to be accurate filling in this form.
We are struggling to understand how to calculate our decimal interest. In the lease, we have 17,5 % royalties, and each of us own 25 % of the mineral rights. What more do we need to know, and how do we calculate the decimal interest?