Nee Hellp Figuring Net Mineral Acres


#1

Hoping someone could help me out determining net mineral acres: Shaw 1-12H, Grady County OK Decimal: 00117188.
I believe we are looking at 4 nma.
I don’t know the spacing unit. I know the law, but not the math. Any help would be appreciated.


#2

the equation is net mineral acres/spacing acres x royalty x % perforations in your section. The Spacing is usually 640 acres for a horizontal well. You have to know the royalty. Took a guess and it would be 4/640 x 3/16ths x 1.0= 0.001171875


#3

That is about what I expected. Thanks.