Tiny check for net acreage lease on 80 acres in Okfuskee County, Oklahoma

General Mineral Rights Discussion
1

May I have your opinion, please? I received a miniscule check for $80+ for net acreage on an 80-acre lease in Okfuskee County. Is such a small amount typical? Thank you.

2

You likely own an undivided interest (net) in an 80 (gross) acre tract of land, so yes, that's perfectly normal.

3

Thank you. I thought I’d been shorted.

4

Would you please explain undivided interest?

5

It means "net acreage." Please see above reply by Jordan Murray.

6

Carolyn,

Here is an excerpt written previously on the subject.

The easiest way to think of undivided ownership is to think of a swimming pool. For example, brothers Waite and Frank Phillips each own an undivided 50% of the swimming pool behind Philbrook. Who owns the deep end? Who owns the water next to the swim up bar? The answer is they both do. Both Waite and Frank own 50% of the water in the pool down to the individual atoms (that's two hydrogen and one oxygen for those of y'all who didn't go to chemistry class). Undivided mineral ownership works the same way. Ruth's mother owned 1/7 of the tract (pool) of land.

Carolyn Kirk said:

Would you please explain undivided interest?