Net Royalty Acre (NRA), Net Mineral Acre (NMA), and Division of Interest (DOI), commonly referred to as Net Revenue Interest (NRI), are three very important pieces of information every mineral and royalty owner should know. Knowing your NRA, NMA, and DOI information is important for several reasons including:
- Provides a clear understanding of the owner's financial interest as it relates to their mineral and royalty interests.
- Facilitates decision-making regarding the management of their mineral assets (i.e. revenue potential, negotiations for the lease, or sales of their interests).
- Provides transparency in the calculation of payments and helps to avoid disputes with the Lessee or OPerator, and/or other mineral and royalty owners.
- Clarifies the ownership and revenue sharing arrangement between multiple parties that have mineral and royalty interests in a tract of land and/or producing unit.
- Represents the actual amount of revenue from a producing well the owner will receive after the Operator deducts various taxes and expenses, and after accounting for any leased or sold mineral rights.
Disclaimer: Many of these calculations will not be applicable for interests being included or held by allocation wells. Calculations involving allocation wells require additional information and calculation. Please schedule a time to speak with us or email us for additional help.