Get Basic Division Order Calculations. Nadoa Conference 2014 - Chicago

This guide will assist you in understanding and filling out the BASIC DIVISION ORDER CALCULATIONS from the Nadoa Conference 2014 held in Chicago. By following these steps, you will gain a clear understanding of each section of the form and learn how to accurately complete the calculations required.

Follow the steps to efficiently complete your division order calculations.

1. Discover the form by clicking the ‘Get Form’ button to access it.
2. Begin with Section I, which focuses on legal descriptions and the calculation of acreage. Here, you will need to plot legal descriptions and calculate the acreage for each problem provided, filling in your answers in the designated blanks.
3. Move to Section II to calculate royalty decimal interests. You will convert the fractions given in each problem to decimal formats. Enter the results into the corresponding sections.
4. In Section III, calculate both Gross Working Interest (GWI) and Net Revenue Interest (NRI) for the lessor and lessee based on the lease agreements described. Follow the formulas provided to fill in the correct numbers.
5. Continue to Section IV, where you will calculate NRI in scenarios involving a pooled unit. Use the formula given to enter your calculated NRI in the provided spaces.
6. For Sections V through VIII, focus on joint ownership calculations. Follow the provided examples and calculate each person’s NRI based on various scenarios.
7. Once you have completed all sections, review your entries for accuracy. Save your completed form for your records, and consider downloading or printing it for easier reference.

Begin completing your division order calculations online today for a thorough understanding of your interests.