Louisiana Term Royalty Deed for Term of Existing Lease
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How to fill out Term Royalty Deed For Term Of Existing Lease?
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FAQ
A royalty deed gives its holder the right to receive a percentage of the profits from the sale of the minerals, if and when they are actually produced. This kind of legal document does not convey all of the mineral rights to the holder, only the right to receive royalties.
The units of measure that we use to determine just how much right to the minerals you own in a tract of land is the Net Mineral Acre (or NMA) or the Net Royalty Acre (or NRA). This is different than the ?gross acreage? which refers to the total amount of acreage in a tract of land (basically the surface footprint).
Selling means that you can receive a large cash payment upfront, regardless of minerals found on your land. A company who leases your land may deplete the mineral supply substantially before returning the land back to you. Selling reduces overall risk of handling mineral rights.
The net royalty acre is a term that explains the mineral royalty interest in one-eighth of 8/8 in one acre of land. Simply put, this is the number of mineral acres if leased at a 12.5% royalty.
To calculate the number of net royalty acres I'm selling, I use this formula: [acres in tract] X [% of minerals owned] X 8 X [royalty interest reserved in lease] X [fraction of royalty interest being sold].
Net Density: This refers to the number of dwelling units per net developable acre (total acreage of developable portions of the site) within a given land area.
Net acres is the amount of leased real estate that a petroleum and/or natural gas company holds, pertaining to a company's true working interest. Net acres can be calculated on a per-project basis by multiplying the gross acres by the percentage of ownership.
A net royalty normally means that post-production costs will be deducted from the royalty owner's royalty prior to distribution. A gross royalty normally means that post-production costs will not be deducted from the royalty owner's royalty prior to distribution.