What does this represent and how do I figure out how much this is:.0000982143 NPRI in 86 acres? Thank you.
NPRI stands for non-participating royalty interest, meaning a mineral interest that includes only the right to be paid royalties, not the right to also negotiate leases or receive lease bonuses. The number you posted appears to be the decimal amount of non-participating royalty interest someone holds in the 86 acres you referred to.
I’m assuming from your question about how to figure out how much that decimal interest is, that you are trying to understand how that decimal amount was calculated. That may require obtaining the title information (deed) that covers that NPRI and seeing the terms of the oil & gas lease if there is one in effect related to that interest.
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