I need help with this formula. Apparently it is for two leases, L2 gets a percentage and L3 gets a percentage.
Can anyone help me ASAP? The total is .00009993 for both leases. Thanks.
OWNER T 0.00009993 L2/L3
[6.875% of 1/4 of 1/11th of an Undivided 320 Acre Interest,
plus 6.875% of 112.5/50,000ths of an Undivided 320 Acre Interest, all at 12.5% Royalty]