# Martin County Inquiry
**URL:** https://www.mineralrightsforum.com/t/martin-county-inquiry/47443
**Category:** Martin County, TX
**Created:** [June 20, 2019, 2:02pm UTC](https://www.mineralrightsforum.com/t/martin-county-inquiry/47443 "2019-06-20T14:02:52Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Brandi\_J\_Waits](https://www.mineralrightsforum.com/u/Brandi_J_Waits)
#### Post date: [June 20, 2019, 2:02pm UTC](https://www.mineralrightsforum.com/t/martin-county-inquiry/47443/1 "2019-06-20T14:02:52Z")
Can anyone share any recent offers for the following areas in Martin County?
Northwest Quarter (NW4) of Section 26, Block 35, Township 2 North, T&P Railroad Company Survey, Martin County, Texas. Northeast Quarter (NE4) of Section 37, Block 36, Township 1 North, T&P Railroad Company Survey, Martin County, Texas. Southeast Quarter (SE4) of Section 50, Block A, T&P Railroad Company Survey, Martin County, Texas.
Are there any wells permitted?
And, can anyone help me understand the differences between NMA and NRA?
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### Author:  [@Marcus\_T](https://www.mineralrightsforum.com/u/Marcus_T)
#### Post date: [June 20, 2019, 8:23pm UTC](https://www.mineralrightsforum.com/t/martin-county-inquiry/47443/3 "2019-06-20T20:23:42Z")
Hi Brandi,
I don’t see any horizontal permits in any of those sections right now. They are all in good areas surrounded by multiple horizontal wells, though.
As to the difference between NMA and NRA, a net royalty acre (NRA) is equivalent to a 1/8th royalty on an acre of land. So, for example, if you owned 1 net mineral acre leased at 1/4 royalty you would have 1 NMA and 2 NRA. If that same 1 NMA was leased at 3/16th royalty you’d have 1 NMA and 1.5 NRA. This assumes no nonparticipating royalty burdens on the NMA but is about as simple as I can make it. Hope it helps!
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### Author:  [@Caroline\_Brady](https://www.mineralrightsforum.com/u/Caroline_Brady)
#### Post date: [June 20, 2019, 11:46pm UTC](https://www.mineralrightsforum.com/t/martin-county-inquiry/47443/4 "2019-06-20T23:46:04Z")
Marcus
I think we would all like to hear your suggestions and explanation
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### Author:  [@CH1](https://www.mineralrightsforum.com/u/CH1)
#### Post date: [June 21, 2019, 9:12pm UTC](https://www.mineralrightsforum.com/t/martin-county-inquiry/47443/5 "2019-06-21T21:12:38Z")
Brandi and Caroline,
To calculate net revenue acres (NRAs) all you need to do is use this formula: (net mineral acres x lease royalty) x 8 = NRA. For example:
1/4 royalty - (1 x 0.25) x 8 = 2 1/5 royalty - (1 x 0.20) x 8 = 1.6 3/16 royalty - (1 x 0.1875) x 8 = 1.5 1/8 royalty - (1 x 0.125) x 8 = 1
Mineral companies use NRAs instead of net mineral acres because it factors in what the lease royalty is. Two mineral owners who have the same net mineral acres in the exact same section but are leased at different royalty rates are not valued the same because one will have more cash flow than the other once oil is produced.
I hope this helps.
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 5:22pm UTC](https://www.mineralrightsforum.com/t/martin-county-inquiry/47443/7 "2025-01-11T17:22:55Z")