I have recently been granted rights to 1/2 the revenue from the extraction of oil & gas from my associates land in Wetzel County WV. Upon review I found the interest was 0.00002388 or .002388%. That seems like an extremely low number to me. Does this look correct?
That is in the realm of normal. The decimal amount is calculated by the net acres/the actual spacing acres x royalty x percent of perforations in your section or a similar third term. For example, 10/640acres x 0.1875 x 1.00 =0.00292969. 10 net acres divided by a 640 ac spacing x 3/16ths royalty x 100% of the perforations within that 640 acres.
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