Mineral Tools

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Does my royalty stub add up?

Copy the numbers from one line of your check stub. The check uses only what you type: no prices, values or market figures of ours go into it.

Part 1. The stub line

Leave a box empty if your stub does not show it.

Part 2. The decimal itself

The division order decimal is usually your lease royalty times your share of the acres in the unit or tract.

Pooled by acreage: enter the unit's acres (or the lease's acres if not pooled). Participation factor: enter your tract's acres and the factor.

A worked example

A lease with a 3/16 royalty, an owner with 10 net mineral acres, in a 640 acre unit pooled by acreage: 3/16 x 10 / 640 = 0.00292969. If the stub shows 0.00292969, the decimal matches this math.

If the unit had a 0.85 tract participation factor and the owner's tract held 40 acres: 3/16 x (10 / 40) x 0.85 = 0.03984375.

What this cannot tell you

It checks arithmetic. It cannot say whether a deduction is allowed under your lease, whether your acres or the unit acres are right, whether the price is fair, or what your interest is worth. A difference is a question to take to the payor, with the stub and your division order in hand.

After the answer: two separate next steps

Want help reading it?

Landman Help works for owners: it reads the record with you, explains what it means for your lease, deed or check, and tells you what to ask the operator or payor.

Get help reading a record

Only if you want to sell

If you are thinking about selling, Mineral Land is where to ask for an offer. It is Our Landmen LLC buying for its own account: the buyer across the table, not your representative. Nothing here sends your search there, and asking for help reading a record is not a request to sell.

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