# Oil and gas royalties help

**URL:** https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086
**Category:** Dewey County, OK
**Created:** [January 11, 2018, 1:08am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086 "2018-01-11T01:08:17Z")
**Posts on this page:** 6
**Page:** 1

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### Author: ![heather\_b](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/h/8edcca/32.png) [@heather\_b](https://www.mineralrightsforum.com/u/heather_b)
#### Post date: [January 11, 2018, 1:08am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086/1 "2018-01-11T01:08:17Z")

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Questions. I have minerals in Dewey County. Continental drilled in Section 13-16-16 Edward Lee… 54 oil and 10820 gas. How do I figure 53 acres at 1/8th my take on the oil and the gas? And also do you know who MEP Oklahoma LLC is?

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### Author: ![TODD\_M\_Baker](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/t/91b2a8/32.png) [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [January 11, 2018, 3:18am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086/2 "2018-01-11T03:18:42Z")

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Heather: Don’t know MEP. But to figure your “income” you have 53 acres divided by 640 acre X 1/8 royalty or

0.013035156 interest in that section. If normal, this section gets 50% of the production (2 sections for the unit) or

0.013035156/2= 0.00517578 unit interest. Now you can take 10,000 mmcf X 30 days X $3.00/mmcf or approximately $4,600 per month. These are rounded numbers. You will lose some due to transportation, marketing, dehydration, etc. so maybe $4,000/month. That number will drop with production. All approximate of course.

Hope that helps.

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### Author: ![heather\_b](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/h/8edcca/32.png) [@heather\_b](https://www.mineralrightsforum.com/u/heather_b)
#### Post date: [January 11, 2018, 4:52am UTC](https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086/3 "2018-01-11T04:52:58Z")

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Todd,

Thank you for putting that in terms where I can understand.

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### Author: ![Josh\_Stark](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/josh_stark/32/83_2.png) [@Josh\_Stark](https://www.mineralrightsforum.com/u/Josh_Stark)
#### Post date: [January 11, 2018, 3:13pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086/4 "2018-01-11T15:13:53Z")

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Great explanation Todd! Thanks so much! I think I can finally start to wrap my head around the numbers!

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### Author: ![Paul\_Garcia](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/p/c2a13f/32.png) [@Paul\_Garcia](https://www.mineralrightsforum.com/u/Paul_Garcia)
#### Post date: [January 11, 2018, 8:02pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086/5 "2018-01-11T20:02:24Z")

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TODD: You’re a genius, been trying to wrap my head around this for over a year. This is something a dummy like me can understand. Thanks a bunch…

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### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:14pm UTC](https://www.mineralrightsforum.com/t/oil-and-gas-royalties-help/26086/6 "2025-01-11T18:14:32Z")

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