My brother and I inherited these mineral rights from our mother and aunts. We have various different ones around Tyler county Texas. We have had them as long as I can remember (they began before we were born) and we've not paid much attention to them I admit. Sometimes we get a good amount for a new lease, recently the royalty checks have been very small. Interest does seem to have picked up in the area though so we are hopeful. My philosophy has always been, no matter how small the check, it's money I didn't have before.
Anyway, enough rambling :). My question is, how do you know what a net mineral acre is? I just got a new lease for a renewal that says there are 364 gross acres, and at the end of the description it says (4.04 "net" acres). Are the "net" acres the same as net "mineral" acres? From what I've read it almost seems as if the net mineral acres are about half what actual acreage is. We of course are getting paid on the "net mineral acre" so I'm just trying to figure out how much the check is going to be.
The figure my brother came up with is way more then mine so I hope mine is wrong LOL