Thanks! I hope that tax is not too high but it seems it’s got a complicated formula to calculate it based on future predicted product volume.
@DCgasBaron You will receive a personal property tax bill each year for the mineral rights you inherited. Please contact the Wetzel County, WV, tax office to ask any questions.
Part of the calculation for a Division Order (when a well is first producing and the proceeds are being divided among the royalty owners, and the company) is multiplying your tract’s acres in the unit times your net mineral acres (how much of that royalty interest you yourself own) times your royalty % rate. Thus you need to know all these numbers to know if your division order amount is correct. If not, you need to contact the company with your reasons to say they are wrong. I have had to do this and know that it is important.
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I have all of that data but did not do the NGI calculation on my own to verify what Antero calculated. That’l give me a nice task to do and make an excel sheet for it.
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