How do I calculate my oil royalty interest?
Take the number of mineral acres you own within a well's producing unit, divide it by the total acres within the well's unit, and multiply this by your royalty interest as listed in your oil and gas lease. For example, let's say you own 8 net mineral acres out of a well's 640 acre unit, and that your lease states that you have a 1/5th royalty. Thus, your oil & gas royalty interest in the well is (8/640) x (1/5) = 0.0025. This is the decimal interest you should see listed on your oil royalty check.
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