I am reaching out to those who have had division orders delivered in the wolfbone trend. I am trying to determine my decimal prior to recieving a divsion order.
Calculations for decimal:
(your royalty interests per your lease) x (net mineral acreage)/ unit acreage
For example. 25% lease interests, your own net 40 mineral acres, the well has been declared as a Gas well - so it will most likely contain 640 acres in the unit.)
So - 25% x 40/640 = .0156 royalty.
My question to you folks is: what has been you experience with the unit acerage? I have heard everything from 160, 320 and 640.
The unit acerage can change your decimal from something small to something substantial - I am praying for the smaller acerage - but I am concerned with these wells be classified as Gas vs Oil. Please let me know what your experience has been.