Mineral Interest Calculation

Oil and Gas Leasing Help
1

I have an undivided 1/12 interest of all oil, gas and other minerals on 2450 acre. What would be my net mineral acre be?

2

204.166667

3

.083333 % correct

4

No, 204.166667 would be the net mineral acres, or the answer to your question.

.083333 would be the decimal interest.

5

You own 8.3333333% of the minerals.