Help calculating Decimal interest

Most likely the referenced mineral interest is your fractional share in the 62.9803 acres. Generally the minerals are divided among heirs and purchasers over the years. For example if A owned 100% and had 10 children who got equal share, then each child would own 1/10. If A owned 100% and sold 1/2 of the minerals at some time, then the 10 children would each get 1/10 of 1/2 = 1/20. Ask the oil company to confirm what is meant by Mineral Interest.