How do you calculate royalty interest?

Net revenue is the amount that is shared among the property owners. To determine net revenue interest, multiply the royalty interest by the owner's shared interest. For example, if you have a 5/16 royalty, your net royalty interest would be 25% multiplied by 5/16, which equals 7.8125% calculated to four decimal places.

US Legal Forms
Declaration of Pooled Unit - Long Form

Kansas Oil And Gas Declaration Of Pooled Unit

Name: Declaration of Pooled Unit - Long Form
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.6 (347 reviews)

Category:

Oil Gas and Minerals - Pooling and Unitization

State:

Multi-State

Control #:

US-OG-375

Format:

Instant download

Description

This form of declaration provides notice that the unit owner pools, unitizes, and combines the Unit Leases, including all renewals, extensions, ratifications, and amendments of the Unit Leases and the lands covered by those Leases and the mineral and/or royalty estates in the lands subject to the Leases into a unit for the exploration, development, and production of oil, gas, and associated hydrocarbons (the Unit).

View Ohio Commercial Property Sales Package

View this form

View Living Will or Declaration concerning the use of life sustaining treatment

View this form

View Ohio Power of Attorney Forms Package

View this form

View Revocation of Statutory Equivalent of Living Will or Declaration

View this form

View Revised Uniform Anatomical Gift Act Donation with Donor Registry Enrollment Form

View this form

How to fill out Declaration Of Pooled Unit - Long Form?

When it comes to drafting a legal form, it is easier to delegate it to the specialists. Nevertheless, that doesn't mean you yourself cannot get a sample to utilize. That doesn't mean you yourself can not get a sample to utilize, nevertheless. Download Declaration of Pooled Unit - Long Form straight from the US Legal Forms site. It provides a wide variety of professionally drafted and lawyer-approved forms and templates.

For full access to 85,000 legal and tax forms, users simply have to sign up and choose a subscription. Once you are signed up with an account, log in, find a particular document template, and save it to My Forms or download it to your device.

To make things less difficult, we have included an 8-step how-to guide for finding and downloading Declaration of Pooled Unit - Long Form quickly:

Be sure the form meets all the necessary state requirements.
If available preview it and read the description before purchasing it.
Click Buy Now.
Choose the suitable subscription to suit your needs.
Make your account.
Pay via PayPal or by debit/credit card.
Select a needed format if a number of options are available (e.g., PDF or Word).
Download the file.

When the Declaration of Pooled Unit - Long Form is downloaded you can fill out, print and sign it in any editor or by hand. Get professionally drafted state-relevant papers within a matter of seconds in a preferable format with US Legal Forms!

Form Rating

4.6

Satisfied(347)

Form popularity

FAQ

It also records a "Declaration of Pooling" or similarly named document in the land records office at the local Courthouse. The declaration shows the boundaries of the pooling unit and identifies all the landowners and amount of property each landowner actually has in the unit.

As noted above, while pooling focuses on efficiently combining lands for the purpose of obtaining a drilling permit to drill a single well, unitization focuses on the combination of interests covering a larger area to facilitate development of all or part of a common source of supply (i.e. a field/reservoir).

The percentage each lease tract contributes to the overall PA (or Communitized Area) is referred to as the Tract Participation Factor (TPF). percentage of unit revenue was multiplied by the Royalty (or ORRI) burden, to determine the royalty burden for each tract.

Forced Pooling (sometimes called Statutory or Compulsory Pooling) is a legal mechanism that allows oil and gas operators to drill wells when they are unable to get 100% of the mineral interests to commit to support the drilling of a well.

Pooling Clause: Joining the Leased Land with Other Land The area formed is called a pool or sometimes a pooled unit. Pooling permits the lessee to prevent waste by avoiding unnecessary drilling and to protect the correlative rights of the mineral owners in the common reservoir.

Once a Pooling Order is entered, you will receive a copy of the Order, which will state your options as an owner of an interest in the unit. Typically, the Order will afford you a number of options of a cash bonus and royalty payments on production based on the fair market value of your interest.

Net revenue is the amount that is shared among the property owners. To determine net revenue interest, multiply the royalty interest by the owner's shared interest. For example, if you have a 5/16 royalty, your net royalty interest would be 25% multiplied by 5/16, which equals 7.8125% calculated to four decimal places.

Kansas Oil And Gas Declaration Of Pooled Unit

Description

Related forms

How to fill out Declaration Of Pooled Unit - Long Form?

Show more info

Form Rating

Form popularity

FAQ

What is a declaration of pooling?

What is the difference between pooling and unitization?

How is tract participation factor calculated?

What is forced pooling oil and gas lease?

What is a pooling clause?

What is a pooling bonus?

How do you calculate royalty interest?

Trusted and secure by over 3 million people of the world’s leading companies