I have minerals in panola county. Jean pope 1 2 3 4 5. Baker survey a60 and Thompson survey671. The permit says 740 acres and the lease says 1000. The tract with the problem is the baker. Is it normal for the survey the lease and what they pay me for to be different amounts?
Your lease will describe the gross acres under which you own an undivided interest. If the lease states 1,000 acres, you may own 10% = 100 net acres or 1% = 10 net acres. You will be paid a bonus and royalties based on the number of net mineral acres you own, the royalty rate and the gross acres. A company may lease all of the acreage in a tract, but divide it into multiple units for purposes of drilling. For example, if there are 1,000 gross acres, it could be divided into two 500 acre units or it would be subdivided even further so that 200 different acres are allocated into 5 different units of varying sizes. If there is no formal unit formed, then the permit may state the number of acres under lease, but that does not mean that all the acreage is being attributable to the well or will hold the lease in effect. It just demonstrates that the operator is claiming the legal authority to drill. There are multiple wells with different operators in both the Baker and Thompson surveys. To get a more direct answer, you need to provide the well name(s) and operator(s).
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