This class is for Beginners to 10 Years’ Experience and for CPA’s wanting to better understand the division of interest on revenue checks. The workshop focuses on the responsibilities of joint interest billings.
The course is designed to provide the student with an extensive look at the many ways to calculate WI/NRI interests, Non-Participating Royalty Interests, Before and After Payout Interests (Farmouts), Non-Consents Revenue Interest and picks up where the Basic Combined Title and Lease Essentials course leaves off. It addresses two way to calculate this interest, including the Net Tract Acre method.
The course comes with an interactive Spreadsheet which automatically calculates interest for the Lessor, Lessee on an individual tract Basis and entire Unit Basis along with Before and Payout Interest. This spreadsheet is a free download to students who take this course and is a vital tool to use while performing this work.