Could someone explain this to me, I know I still have a lot to learn. But it would seem to me if I look up something on the OCC and it states for example that a well is commingled in the same section and township and range as I own a small portion that a small part would generate some royalty to me. It consists of a 640 acre pooling. To be specific it is 6N 4W Section 25. The ID # is 500170824. Kaiser-Francis is the operator. Information on how to understand these pages on the OCC site would be much appreciated. Thank You.
There are several wells in that section. I couldn't locate that ID #. My understanding is that 'comingled' means that they are in more than one formation & are getting production from all of them. If you have minerals & were pooled, I think you should have division orders listing your interest. Did you sign a lease or were you force pooled?
Thanks for responding Go Fast. Would you friend me or should I just put all my info out there. Short story of me asking, besides the obvious of me being very uninformed of all this. Inheritance from a probate in 1990. Recently looked at will, discovered thru Mineral Steve last year I was entitled to back pay from McKinnon #A 1-25. Looked on OCC and found that ID# by searching 6N 4W section 25. Don't want to call or send my paperwork to an operator if I'm over reaching my mineral interests. Thanks for any help on this.