On a drilling order is a term I am not familiar with. It is TRACK ACRES. Can't find it listed on the many oil and gas glossaries. In this case one Well has 40 track acres and another close by has 80. Not to be confused with the Unit Acres.
Any help will be appreciated.
Bob
Robert, not sure about the term "Track Acres". Though perhaps it is referring to the acres of a specific TRACT within a Unit. When a Unit is created separate pieces of it are designated as individual tracts. These tracts will often be of different sizes (ie... surface acres, such as your 40 acre & 80 acres), and typically each tract is allocated with a different percentage on the oil & gas produced (the Tracts "Participation Factors").
The division of the Unit into Tracts, the Tract sizes, and their various Participation Factors, is spelled out in the "Unit Operating Agreement" which was generated when the Unit is created. Although in your example one is twice the surface size of the other, you'd need to refer to the Unit Operating Agreement to determine which has a larger share of the Unit's production. It's possible the smaller one is allocated a higher percentage of the Unit's production. Hope this helps.
I think the previous comment is right, you ran across a typo, it should be "Tract Acres," meaning surface acres. Depending upon whether or not you own all the minerals beneath that tract, your net mineral acres might equal your surface acres or be less than your surface acres.
Tract acres may also refer to the number of acres in the leased tract, versus the number of acres in the spcaing unit. More info would help, including County and State.
Thanks to all, I appreciate your help.
Bob