Berlin wanted to advise you that we have recently added two calculators to our website that will be useful to Oklahoma oil and gas mineral owners and petroleum landmen. They can be found by clicking here.
-The first tool allows a user to determine net mineral acreage using a net revenue interest decimal from a check stub. This calculator is useful to both mineral owners and mineral buyers for a quick, back of the envelope calculation of net acreage owned (at least in the wellbore).
-The second tool allows a user to determine a working interest decimal in a multi-unit well. This calculator is useful to landmen who need to calculate both operated and non-operated working interest decimals when an allocation factor will need to be applied. Completed for production costs will also be automatically calculated if an AFE figure is entered. Please be careful as there is nothing in this calculator to prevent a user from entering a total allocation greater than 100%.
Berlin is currently working on a document stamps back-in to purchase price calculator among others.
Please contact Berlin if there are any other calculators you would like to see added to the site. We hate opening up excel and typing the same formulas over and over again and we are certain that is the case for some of y’all as well.
More to follow,