First, I want to look up and confirm the TOTAL lease acreage of a pool my lease is part of; perhaps I’m blind, but I don’t see how to do that on the TRC website.
Second, I have a document that states “204.95 acres of land, more or less, out of the Maria Del Carmel Survey” and I want to confirm that’s the correct total acreage in the pool.
The acreage specified in my lease, and specified on my deed, is 45.5 acres.
So, would my owner interest then be 45.5 / 204.95 = 0.222005367 (22.2005367%) or something else; what’s the correct calculation?
Continuing, the royalty specified in my lease is “1/5” so would my “decimal interest” then be… 0.222005367 X 0.2 = 0.044401073 or something else?
Third, the operator is paying based upon a DI of 0.0296007149, which so far I cannot derive from any calculations, so maybe someone knows what I’m doing wrong?
HUGE thanks and a tall cold one (FOB NYC) to whoever can help! 