70 net mineral over 160 gross acres. In other words you own 70 net mineral
acres in a 160 acre tract.> Date: Thu, 23 Oct 2008 10:49:51 -0700> Subject:
Clarifications> From: [EMAIL PROTECTED]> To:
[email protected]> > > > Can you please tell me what the
two numbers are referring to in the> following statement on a mineral deed:> >
"undivided 70/160 mineral acre interest In and to…."> > My understanding is
that the first number is the net acres, but I> don’t understand what the second
number is.> > I’ve read that the net acres and the size of the spacing unit are
what> matters when figuring royalties. Who decides what the spacing unit> size
is, and when is this decided?> > Sorry if this is a dumb question!> >
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