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Question 4: The XYZ Oil Company acquires an oil and gas lease from a landowner Mr. A. The mineral deed shows Mr. A will be

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Question 4: The XYZ Oil Company acquires an oil and gas lease from a landowner Mr. A. The mineral deed shows Mr. A will be entitled to landowner's royalty interest (LORI) of 1/8th. The geologist who found the area 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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