Question:

Unleased Mineral Ownership in Producing Unit. My NPRI question does not depend on the word

by Guest10887278 | 2 years, 9 month(s) ago

My NPRI question does not depend on the word "unit". I want to keep it simple. I have an NPRI in a tract of land that has a producing "well". I would like to know how my NPRI is calculated if there is a minor unleased interest.

Here was my original question:

I own an NPRI in a producing well in Starr County Texas. 10% of the royalty estate is unleased and the remaining 90% is subject to 3/16th leases. How should my NPRI be calculated on the unleased 10% -- I am entitled to 1/16th of all the oil and gas produced.

Tags: Mineral, Ownership, Producing, Unit, Unleased

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John McClain

Unleased minerals in a producing well are put into a suspense account and held for the owner if they ever show up to claim their share. If you are leased it should have no effect on your revenues at all. If you are the owner of the unleased interest you will be subject to payment accirding to the order at the forced pooling hearing which is held to adjudicate the rights of unleased owners and those with whom the company wishing to drill can't come to terms with.
Report (0) (0) | 2 years, 9 month(s) ago