I just wanted to post a thank you to all who helped me with respect to my previous thread titled “calculating partial interest in well”. I just received an email form the DO analyst confirming that my analysis of an error made on the title opinion was agreed to by their attorneys and I will be receiving a revised (higher) DO.
As an amateur in this field, I often am not clear in my posted questions and am sometimes looking at the numbers I am seeing incorrectly. Thanks to the help here, I was able to find out how to access the as-drilled plat which explains the well allocation. I was also able to deduce that the correct payout on the 3 wells was 20% rather than the 1/8 listed on my royalty deed.
Using that information, I was able to calculate the correct decimal interest on 2 of 3 wells that matched the amount offered on the DOs. On the first well, however my calculation was 8 times what I had been offered on a DO. With the information provided by the DO analyst, I was able to see where the person who prepared the drilling opinion had calculated the interest in the well by including both the 1/8 interest specified in the royalty deed and the 1/5 interest specified in the current lease, rather than substituing the 1/5 for the 1/8.
Thank you, one and all!