I would like to hire someone to help me decipher and calculate/verify the NPRI on a division order. I already have a relationship with a lawyer but don’t want to pay lawyer prices. If anyone has experience in this area I would like to talk with you. I have a spreadsheet with the majority of the NPRI accounted for. I need help with how to allocate the numbers between 2 areas in one section. Some of the NPRI pertains to one area of the section and some pertain to both areas of the section. I have a division order for each area of the sections being the N/4 of the W/4, and the SW/2 of the S/4.
I’ve had trouble accessing the actual messages posted in The Mineral Rights Forum since they switched over to a new system. I got your post delivered as a message to my inbox, but I’m unable to see it directly in The Mineral Rights Forum. I would like to help, if I can, but I won’t accept payment for it. It would be better if you could email me. I have some questions, and you could send your spreadsheet to my email. I’m the supervisor of Division Orders for GEP Haynesville, LLC.
Is this for a horizontal well? Which section, township, range, county and state? Do you know the spacing for the well?
The general formula is net acres/spacing acres x royalty. If you have a horizontal well going over more than two sections, then a third term is applicable and it is: net acres/spacing acres x royalty x % perforations in your section. (For Oklahoma). Texas is just slightly different as it is an allocation by feet. The description reads a bit strange. Usually you have W half, not quarter. Same for the South. It should be South half. The single letter designations are for halves (N,S,E,W) and the doubles are for quarter sections (NW, NE, SW, SE)
Hello! I am in the same boat. I have a division order that I am trying to double check and the operator has been very kind in giving me all the info she is working with. That said, I am not sure where to find the following: Tract Acres Mineral Interest Lease Mineral Interest (I know what interest I have (net acres)) But am def spinning my wheels trying to make sure I understand all the components of the formula. Any help would be appreciated! I am a novice at this so trying to understand it all…
We can help you better if you give the state, county and the section, township and range (or abstract) as different states have different resources.