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Assignment of Partial Interest in Oil and Gas Lease Form

Assignment of Partial Interest in Oil and Gas Lease Form

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Instructions and help about Assignment Of Partial Interest In Oil And Gas Lease

okay I want to walk us through how to calculate a royalty and working interest now this is going to be helpful to you if you are a royalty interest owner and you're trying to figure out how the oil and gas companies calculate those crazy decimals or if you work for one of those oil and gas companies and you just need a better understanding of how royalty and working interests are calculated so we'll start with a couple of basic definitions and one is that the landowner the landowner is also known as the lessor and you will frequently hear them referred to as lessor so I want you to understand the terms lessor kind of rhymes with land owned or it's one easy way to remember it and then oil and gas company is also known as the lessee so company rhymes with lessee that's an easy way to remember it so we're going to look at what the royalty calculation and working interest calculation would be in an oil and gas lease before we took the lease and then

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