An oil or gas well may produce millions of dollars in revenue and have scores of owners entitled to receive their portion of the revenue. Understanding the principles of calculating these oil and gas interests is a vital component for the land management professional. Each calculation may be tied to key clauses in the oil and gas lease or language associated with other agreements.

Major Topics Covered

1. Rules of conveyances
2. RI, GWI and NRI
3. Calculating burdens and interests
4. Calculating federal and beneficial interest units
5. Before and after payout calculations
6. Oklahoma proportionate production calculations