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Ability to use Fractions instead of Mineral Acres
12/8/2009 7:47:02 PM
shanesnow
2 posts
Ability to use Fractions instead of Mineral Acres
Here in West Texas the majority of Mineral Deeds etc. use fractions in the conveyance of minerals or leasehold interests. I'm new to this program, but it seems that you have to calculate everything into mineral acres, royalty acres etc. That can be extremely time intensive when you get into undivided 1/128ths of 1/640th interest...for example. Am I missing something, or is this feature not available. How it should work. Well, if you enter in an undivided 1/4 interest in the NW/4 of Sec. ?... if you entered in the 1/4 fraction it would automatically convert to 40 mineral acres (personally I could do without the acreage calculation) or auto populate the Royalty Interest and NRI fields. If any ORRI was reserved then there would be a spot to enter the ORRI that was reserved and it would figure the NRI automatically for you. Make sense? I would think this would make it much easier.
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