How can I figure out my Net acreage?
There are a couple of ways to figure out your net acreage. First, you can locate the document that transferred the mineral interest into your name (i.e. Mineral Deed, Last Will and Testament, Quit Claim deed). Many of these documents will list the exact net acreage being transferred or at least the percentage that you are receiving. Second, most likely you have signed an Oil and Gas lease within the past couple of years. If you held onto any of that paperwork, especially the paperwork that came with the lease bonus check, it will say in there what your net acreage is. Thirdly, if you remember the price per acre you agreed on for your lease bonus and you remember the total amount of the lease bonus check, some simple division will give you your net mineral acreage. Fourthly, If your minerals are held by production you will have a decimal interest which if you call us we can use a formula to determine the amount of acres you are being paid for by your Oil and Gas Operator.