Recently received “divison orders” It’s like reading Greek. My great-grandfather left 20 acres to 10 kids… I think I received a check for $87 last year.
Please help with explaining: Type of interest: R Decimal interest: 0.000001800 & 0.000005310 Effective date: First Sales
Do I need an attorney to get the lease? Probably signed in late 70s.
Type of Interest R means royalty interest. Decimal interest is derived from a formula that uses the net acres, the spacing acres and the royalty amount. You can call the operator and ask them to give you your net acres, the spacing and the royalty interest and ask how they calculated your decimal. Also ask them for a copy of the lease. Tell them that you are trying to update your records and they may give you the info for free.
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