Now I understand it. As you can tell, I am a newbie to this realm and I just couldn't grasp the concept. Thank you so much for taking the time and trouble to spell it out for me. I really appreciate the details.
charles s mallory said:
Brooksye:
If you own 80 net mineral acres, you should be paid a bonus/acre based on these 80 NMA. The total gross acres in the tract is 320 which consists of others who have NMA. When a permit to drill is issued, a spacing unit will be determined where in most cases it will either be 640 or 1280 acres. If your NMA is in the spacing unit, you will be paid a % royalty based on your lease agreement. In some cases, you will own a % of the NMA if others are a party to these minerals (undivided interests).