Question
Q1. The XYZ Oil Company acquires an oil and gas lease from the landowner A. The mineral deed shows A will be entitled to landowners
Q1. The XYZ Oil Company acquires an oil and gas lease from the landowner A. The mineral deed shows A will be entitled to landowners royalty interest (LORI) of 1/8th. The geologist who found the prospect retains an ORRI of 1.5%. Calculate the NRI of the XYZ Oil Company assuming the company has a 100% working interest.
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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
012812282X, 978-0128122822
