I am needing a recommendation on who to reach out to, too verify working interest that is being paid by the operator for wells in New Mexico, as it is no where near what our leases state it should be. I have tried a mineral management company but made no headway and received no feedback.
A lease will describe a tract of land containing XX gross mineral acres. Most people only own a fraction of the minerals because the interest has been subdivided over the years. For example A owns 100 acres and sold to B and C, each getting 1/2 of 100 acres (50 net mineral acres each). B gives to his 5 children, so each owns 1/5 of 1/2 x 100 = 10 NMA. Whether you are the mineral owner lessor or the lessee (working interest owner), you need to know the NMA owned by lessor. The operator should have a drilling title opinion which details the various royalty and working interest owners and their interests which will total to 100% of each well.