BearCteek Bill… I received my division orders. But they are in Greek as far as I am concerned. Lol. Can you please explain how they divide and how they come up with the percentages PLEASE?
It can be hard to follow sometimes, especially when the ownership is fragmented.
In simple terms, there is a spacing unit for the well: “N” number of acres.
Then there is how many acres of mineral rights you own inside the well’s spacing unit. “Y”
Then there is what percentage of those mineral rights you own: “Z”% (Maybe you share it with other family members)
Then there is the royalty percentage set in your Lease: “L”%
(Y x Z x L) /N would be your ownership in the well.