The concept of gross mineral acres and net mineral acres came up in a recent conversation, and although I think I understand it, I am having a hard time explaining it.
Does anyone have a really good source that explains this concept, especially as it pertains to fractional interests in Greene County, PA?
Thanks for your comments.
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A man owns 100% of the minerals in 100 acres. He dies and leaves it to his four children. They each own 25% or 1/4 of it. They each own 25 net acres and 100 gross acres.
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