Hi, I’m new to posting here. My DO has a ‘type of interest’ of R1 on one property # , and R2 on the same property # with only 1 Owner No listed. R2 interest type is not mentioned on the do. Can anyone clear this up for me? Thank you
The easiest way to find out is to call the phone number on the DO and ask. It might be a royalty interest or an overriding royalty interest.
Thank you, I have emailed Antero owner-relations about this. There will be a 5-7 day delay before I get an answer. I will post their reply.
Is this an original interest? Did you perhaps already have an interest in this lease and have obtained additional interest in some way? i.e. family member passed?
Thank you for answering. This is original interest. Their first attempt at a d/o, the ri was 0.00204804, I requested them to share and explain the formula that they used. They produced a different d/o with ri as 0.00141320 and an r2 as 0.00063484. These two interests (ri + r2) equal what the ri (0.00204804) was in the first d/o. I’m lost. Thank you
Some operators such as SWEPI divide the total royalty DOI into parts based on the number and relative percentages of the working interest owners in the well. The total decimal is the same. If that is the case here, then there are two working interests (operator plus one other) is the well, with one owning 69% and the other owning 31%.
Thank you. It makes perfect sense.
Jingles- I have some interests in Oklahoma where R1 represents the 1/8th (Blanchard) interest and R2 is what is called excess royalty. In example if my lease royalty is 1/4, the R1 is 1/8 & R2 is also 1/8 being the excess. On 3/16 royalty the R1 is the 1/8 & R2 is 1/16. Of course times your net acres divided by unit size, etc.
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