# Figure my portion
**URL:** https://www.mineralrightsforum.com/t/figure-my-portion/25815
**Category:** General Mineral Rights Discussion
**Created:** [February 15, 2018, 12:23am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815 "2018-02-15T00:23:36Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 15, 2018, 12:23am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/1 "2018-02-15T00:23:36Z")
I’m very new to this. I inherited mineral rights from a will not being probated. My stepmother gets one third and me and my two brothers get two thirds. RI is .20. There are two unThe net revenue for me is .017408214. Still to come off of this is my stepmother’s one third and a quitclaim deed of .0078125. The lease says we get one fifth of the production. In 2016 it made 5748 barrels of oil. Could someone help me figure my portion? Thanks.
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### Author:  [@tim\_dowd](https://www.mineralrightsforum.com/u/tim_dowd)
#### Post date: [February 15, 2018, 12:48am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/2 "2018-02-15T00:48:08Z")
The NRI (net revenue interest) already takes into account the .20 royalty.
So, if this is the NRI, then your current NRI would be 1/3 of .17408214 or .00580274.
I don’t understand the part about the quitclaim deed of .078125.
If your NRI is truly .00580274, then you get that out of every dollar, every $100 dollars, or out of every million, etc.
If the well made 5748 barrels of oil in 2018 (if), and if it sells for $60 (a nice arbitrary figure), then you would make 5748 x $60 = $344,880 x .00580274 or $2001.24 in 2018. Now, there may be gross production taxes, which vary depending on your state, and post-production deductions. But this is a rough way of looking at it.
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 15, 2018, 2:49am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/3 "2018-02-15T02:49:32Z")
My dad passed and my stepmom sent us 3 kids a letter stating that she intends to put the mineral rights in a trust for us 3 kids. I guess she didn’t want to probate my dad’s will. We had no reason to not trust her so we signed it to make things easier for her. Well, I don’t think there was ever a trust made up. This is back in 1994. So I want to take her back to court to eliminate that quitclaim deed because I signed it based on her good intentions. And I would like to recoup my percentage since 1994 till now. What do you think my chances are in that?
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### Author:  [@TennisDaze](https://www.mineralrightsforum.com/u/TennisDaze)
#### Post date: [February 15, 2018, 3:20am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/4 "2018-02-15T03:20:10Z")
You need to contact an attorney to review all of your documentation, including her letter. If you signed a quitclaim deed and it was filed of record, then the minerals legally belong to the grantee. Has she assigned the minerals to anyone else? An attorney can explain what your rights and recourse options are in this situation.
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 15, 2018, 10:09am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/5 "2018-02-15T10:09:47Z")
Yes I agree with everything you said. She has not signed them over to anyone else. I need to find an attorney in Texas. Do you know of anyone? Does the NRI take into account dividing it up in two thirds with my brothers?
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 15, 2018, 10:53am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/6 "2018-02-15T10:53:29Z")
Does it also take into consideration the one fifth in the lease?
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### Author:  [@Steve\_Durrett](https://www.mineralrightsforum.com/u/Steve_Durrett)
#### Post date: [February 15, 2018, 6:59pm UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/7 "2018-02-15T18:59:56Z")
See the first line in Tim’s reply. .20 = 1/5.
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 15, 2018, 7:43pm UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/8 "2018-02-15T19:43:21Z")
OK thanks.
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 16, 2018, 6:29pm UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/9 "2018-02-16T18:29:57Z")
Could someone show me the formula to divide $2000 into 2/3rds as it has been a long time since school for me? Thank you.
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 16, 2018, 7:08pm UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/10 "2018-02-16T19:08:02Z")
Never mind that last question. I guess what I’m trying to figure out is how much I’m losing by that quick claim deed of 0.0078125?? Thanks
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 17, 2018, 2:19am UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/11 "2018-02-17T02:19:35Z")
Can anybody tell me the formula to find out one third of .1740814?
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### Author:  [@Paul\_Skoglund](https://www.mineralrightsforum.com/u/Paul_Skoglund)
#### Post date: [February 17, 2018, 6:49pm UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/12 "2018-02-17T18:49:29Z")
2/3 = 2 divided by 3 = .66666
2000 X .66666 = 13333.20
one third = 1/3, one divided by three = .33333
.1740814 X .33333 = .0580
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### Author:  [@Darlene1](https://www.mineralrightsforum.com/u/Darlene1)
#### Post date: [February 19, 2018, 6:29pm UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/13 "2018-02-19T18:29:51Z")
OK so if it is oil and you can put s going market rate on it by the barrel how would you do it if it were gas or casing head (MCF)
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:21pm UTC](https://www.mineralrightsforum.com/t/figure-my-portion/25815/14 "2025-01-11T19:21:26Z")