We own minerals in SW4 of 31-13-6 Canadian County. The RI is 1/5. There is a well in SE4 (Wiedemann), spacing is 640. However, the lease agreement that covers SE4 has an RI of 3/16. Is the Operator (Devon) obligated to pay revenues at the 1/5 rate for the SW4 mineral owners?
A section can have multiple leases in different areas with different royalty amounts for the same or different mineral owners. The operator will pay the mineral owner the royalty amount that is on their lease for the described acreage on that lease. I have several sections where my grandfather leased one part for 3/16ths and another part for 1/8th. The 1/8th will not get upgraded.
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