Revenue Interest Report
A revenue interest report answers the question every operator, purchaser, and royalty owner eventually has to answer in writing: when this tract produces, who is paid, and in what share? It applies each lease, reservation, and assignment to the mineral ownership beneath a tract and states every entitled interest as a Net Revenue Interest in the producing unit.
The package below is a complete, working example. The parties and tracts in it are fictional; the format, the depth, and the analysis are exactly what Archive delivers.
Last updated August 16, 2026
Revenue Interest Report
SampleNE/4 NE/4, Section 14, Township 24 South, Range 28 East, N.M.P.M.
A real Archive package also includes every source instrument gathered and analyzed — typically 40–150 recorded deeds, patents, mortgages, and court orders. This sample shows the two deliverables that summarize them: the report and the runsheet.
Every royalty, override, and working interest in the tract — reconciled to one tract factor, nothing counted twice, nothing left out.
This report is supplied without warranty, either express or implied. This is not a title opinion and does not constitute legal advice.
Order Details
| OWNER NAME | INTEREST | NET ACRES | SOURCE DOCUMENT |
|---|---|---|---|
| Delacroix Land Company | 15.00000000% | 6.0000 | MD 24/391 |
| Kestrel Minerals, Ltd. | 15.00000000% | 6.0000 | MD 96/268 |
| The Ainsworth 2004 Trust | 15.00000000% | 6.0000 | MD 199/48 |
| Ward Family Trust | 15.00000000% | 6.0000 | MD 58/430 |
| Estelle Ward Nunn | 7.50000000% | 3.0000 | MD 52/240 |
| Hollis P. Ward | 7.50000000% | 3.0000 | MD 52/240 |
| Beatrix Thornton Sealy | 6.25000000% | 2.5000 | PR 12/77 |
| Caldwell Mineral Group, LLC | 6.25000000% | 2.5000 | MD 141/512 |
| Marisol Vance | 6.25000000% | 2.5000 | PR 21/93 |
| Sealy Descendants' Trust | 3.12500000% | 1.2500 | PR 14/206 |
| Unlocated: Heirs of Ada T. Pike | 3.12500000% | 1.2500 | PR 14/206 |
| TOTAL: | 100.00000000% | 40.0000 |
Net acres are net mineral acres in the 40.00-acre tract. Revenue entitlement is tabulated under Rights Under Oil and Gas Leases below.
SECTION DIAGRAM
REVENUE INTEREST TABULATION
The following sets out every interest entitled to production revenue from the subject tract. Each interest is stated as a Net Revenue Interest in the unit — the owner’s interest multiplied by the Tract Factor — so that the sections total the tract’s entire share and no interest is counted twice or left out.
Tract factor: 0.25000000. The subject tract comprises 40.00 of the Redbluff Draw 14-23 Unit's 160.00 acres. Net Revenue Interests below are stated as decimal interests in unit production and would be further reduced only upon revision of the unit.
| Owner Name | Lease | Royalty | Net Royalty | Mineral % | NRI |
|---|---|---|---|---|---|
| Hollis P. Ward * | 4 | 0.18750000 | 12.50000000% | 7.50000000% | 0.00234375 |
| Delacroix Land Company * | 9 | 0.20000000 | 13.75000000% | 15.00000000% | 0.00515625 |
| Marisol Vance | 10 | 0.20000000 | 20.00000000% | 6.25000000% | 0.00312500 |
| Kestrel Minerals, Ltd. * | 11 | 0.25000000 | 18.75000000% | 15.00000000% | 0.00703125 |
| The Ainsworth 2004 Trust * | 12 | 0.25000000 | 18.75000000% | 15.00000000% | 0.00703125 |
| Ward Family Trust * | 13 | 0.25000000 | 18.75000000% | 15.00000000% | 0.00703125 |
| Estelle Ward Nunn * | 14 | 0.25000000 | 18.75000000% | 7.50000000% | 0.00351563 |
| Caldwell Mineral Group, LLC * | 14 | 0.25000000 | 18.75000000% | 6.25000000% | 0.00292969 |
| Subtotal | 87.50000000% | 0.03816406 |
* Subtotal: leased mineral 87.50000000% NRI 0.03816406. Net Royalty is the lease royalty less the nonparticipating royalty borne by that lease.
| Owner Name | Borne By Leases | NPRI % | NRI |
|---|---|---|---|
| Bensonhurst Royalty Partners, L.P. * | 4, 9, 11, 12, 13, 14 | 2.53906250% | 0.00634766 |
| Margaret Bensonhurst Cole * | 4, 9, 11, 12, 13, 14 | 1.26953125% | 0.00317383 |
| The Cole Family Revocable Trust u/a/d March 3, 2015 * | 4, 9, 11, 12, 13, 14 | 0.63476562% | 0.00158691 |
| Harriet Bensonhurst Voss * | 4, 9, 11, 12, 13, 14 | 0.63476562% | 0.00158691 |
| Subtotal | 0.01269531 |
* Subtotal: NPRI 5.07812500% NRI 0.01269531. A stipulation of interest is recommended for all nonparticipating royalty rows before disbursement.
| Owner Name | Leases | Net ORRI % | NRI |
|---|---|---|---|
| Cordwood Energy Partners * | 9, 10 | 3.00000000% | 0.00159375 |
| Sable Creek Overrides LLC * | 14 | 2.00000000% | 0.00068750 |
| Subtotal | 0.00228125 |
* Subtotal: NRI 0.00228125. Overriding royalties are carved out of the leasehold and terminate with the leases they burden.
| Company | Leases | Gross WI % | Net WI % | NRI |
|---|---|---|---|---|
| Redbluff Resources Inc. | 4, 9, 10, 11, 12, 13, 14 | 83.00000000% | 62.86875000% | 0.15717187 |
| Bitterlake Operating LLC | 11 | 1.50000000% | 1.12500000% | 0.00281250 |
| Cordwood Energy Partners | 11 | 1.50000000% | 1.12500000% | 0.00281250 |
| Sable Creek Petroleum LLC | 11 | 1.50000000% | 1.12500000% | 0.00281250 |
| Subtotal | 87.50000000% | 0.16560938 |
Subtotal: gross WI 87.50000000% net WI 66.24375000% NRI 0.16560938.
| Owner Name | Mineral % | NRI |
|---|---|---|
| Beatrix Thornton Sealy | 6.25000000% | 0.01562500 |
| Sealy Descendants' Trust | 3.12500000% | 0.00781250 |
| Unlocated: Heirs of Ada T. Pike * | 3.12500000% | 0.00781250 |
| Subtotal | 12.50000000% | 0.03125000 |
* Subtotal: mineral 12.50000000% NRI 0.03125000. Unleased cotenants take their share of production net of the cost of development and are not bound by any lease. One interest is carried as unlocated — see Record Advisories.
| NRI | |
|---|---|
| Total of all interests | 0.25000000 |
TOTAL INTEREST IN TRACT: 0.25000000 (= tract factor; identity-verified).
RECORD ADVISORIES
[ADVISORY] UNRELEASED OF RECORD — Oil and Gas Lease at OGL 31/077 (Lease 3) carries no release of record; the lands were re-leased in 1994 and again in 2011. Treated as EXPIRED OF RECORD for this tabulation. Verify with the operator before disbursement.
[ADVISORY] UNLOCATED INTEREST — A 3.12500000% mineral interest traced to the heirs of Ada T. Pike could not be placed after the 1974 probate (PR 14/206). A 2001 quiet-title attempt (LP 190/44; CV 190/44) was dismissed without adjudication, so the residue REMAINS outstanding of record. Carried as unleased; an operator proposing development should expect to pool or account for it before disbursement.
[ADVISORY] NPRI APPORTIONMENT — The Bensonhurst nonparticipating royalty (RD 18/77; ASG 47/12; distributed at ASG 214/77 among four successor holders) burdens only the leases of the Redfield-derived mineral line, per the reservation's terms. A stipulation of interest among the successor holders and the affected lessors is recommended before disbursement.
[ADVISORY] SCRIVENER'S ERROR — Oil and Gas Lease at OGL 44/292 (Lease 5) describes the lands as "NE/4 NE/4 of Section 41" — a transposition of Section 14. The lease is otherwise consistent with the tract; it expired by its terms, but a correction instrument would clear the record.
[ADVISORY] JOINT LESSEE SPLIT — The working interest in Lease 11 is held 70/10/10/10 under ASG 152/88. Confirm each co-lessee's elections under the operating agreement before disbursement; the agreement itself is not of record.
[ADVISORY] AUTHORITY VERIFICATION — The mineral deed at MD 96/268 was executed under the power of attorney at POA 96/255. The power was of record and unrevoked at execution; verify no revocation was later recorded before relying on the conveyance for disbursement.
[ADVISORY] MEMORANDUM LEASE — The Oil and Gas Lease at OGL 141/220 (Lease 11) is evidenced of record by a memorandum (MEM 141/501); the full lease terms are retained by the parties and are not of record. The royalty tabulated is the rate recited in the memorandum — obtain and verify the underlying lease instrument before disbursement.
[ADVISORY] OVERRIDE SUCCESSION — The assignment at ASG 205/144 conveys an overriding royalty of 2.00000000% on Lease 14 to Sable Creek Overrides LLC. The override is tabulated as carved from the working interest of that lease only; verify the conveyance scope against the assignment before disbursement.
[ADVISORY] TRACT FACTOR BASIS — The Tract Factor of 0.25000000 is the tract's 40.00 acres over the Redbluff Draw 14-23 Unit's 160.00 acres. If the unit is revised, every NRI in this report changes proportionally.
LEASE SCHEDULE
Leases are numbered chronologically; the same numbers are cited throughout the tabulation, the Title Notes and the runsheet. The lessee column states the current working-interest ownership of each lease of record.
| NO | LESSOR(S) | LESSEE / WORKING INTEREST | ROYALTY | RECORDING | STATUS |
|---|---|---|---|---|---|
| 1 | Thornton Heirs (Ada Thornton Pike; Bertram Thornton) | Sandhill Petroleum Co. (expired by its terms) | 0.12500000 | Book 12, Page 318 | Expired |
| 2 | M.E. Caldwell | Sandhill Petroleum Co. (expired by its terms) | 0.12500000 | Book 18, Page 402 | Expired |
| 3 | Delacroix Land Company | Bitterlake Operating LLC (expired by its terms) | 0.12500000 | Book 31, Page 077 | Expired |
| 4 | Hollis P. Ward | Redbluff Resources Inc. 100.00000000% (subject to NPRI) | 0.18750000 | Book 44, Page 291 | HBP |
| 5 | Ward Family Trust | Bitterlake Operating LLC (expired by its terms) | 0.18750000 | Book 44, Page 292 | Expired |
| 6 | Estelle Ward Nunn | Bitterlake Operating LLC (expired by its terms) | 0.18750000 | Book 44, Page 318 | Expired |
| 7 | Kestrel Minerals, Ltd. | Cordwood Energy Partners (expired by its terms) | 0.16666667 | Book 61, Page 145 | Expired |
| 8 | Beatrix Thornton Sealy | Cordwood Energy Partners (expired by its terms) | 0.16666667 | Book 61, Page 146 | Expired |
| 9 | Delacroix Land Company | Redbluff Resources Inc. 100.00000000% (subject to NPRI) | 0.20000000 | Book 88, Page 503 | HBP |
| 10 | Marisol Vance | Redbluff Resources Inc. 100.00000000% | 0.20000000 | Book 88, Page 504 | HBP |
| 11 | Kestrel Minerals, Ltd. | Redbluff Resources Inc. 70.00000000%; Bitterlake Operating LLC 10.00000000%; Cordwood Energy Partners 10.00000000%; Sable Creek Petroleum LLC 10.00000000% (subject to NPRI) | 0.25000000 | Book 141, Page 220 | HBP |
| 12 | The Ainsworth 2004 Trust | Redbluff Resources Inc. 100.00000000% (subject to NPRI) | 0.25000000 | Book 141, Page 221 | HBP |
| 13 | Ward Family Trust | Redbluff Resources Inc. 100.00000000% (subject to NPRI) | 0.25000000 | Book 199, Page 612 | HBP |
| 14 | Estelle Ward Nunn; Caldwell Mineral Group, LLC | Redbluff Resources Inc. 100.00000000% (subject to NPRI) | 0.25000000 | Book 199, Page 613 | HBP |
TITLE NOTES
Development of the mineral title from the original government patent, followed by the leasehold. Lettered entries are chronological within each group; recording references correspond to the runsheet.
1. SOURCE OF TITLE
PATENT (P 1/171), dated 05/19/1892, from United States of America to J.R. Thornton. Conveying 100.00000000% surface and mineral interest — source of title.
2. CHAIN OF TITLE
WARRANTY DEED (D 9/144), dated 03/02/1907, from J.R. Thornton to Elias Redfield. Conveying the lands, RESERVING unto the grantor an undivided one-fourth (1/4) of all oil, gas and other minerals. (SEVERANCE — the reserved one-fourth remained with the reserving grantor and did not pass to the grantee.)
TRUSTEE'S DEED (D 11/87), dated 06/14/1919, from S. S. Ward, Trustee to Roy McKellan; C. P. Purdue. Recorded conveyance by a party outside the record chain of title; it does not divest the record owner.
ORDER ADMITTING WILL TO PROBATE (PR 2/311), executed 01/22/1919, in the estate of J.R. Thornton. Vesting of record: Ada Thornton Pike (12.50000000%); Bertram Thornton (12.50000000%).
WARRANTY DEED (D 22/145), dated 09/08/1927, from Elias Redfield to R.T. Caldwell. Conveying the surface estate only; ALL minerals theretofore reserved or owned by the grantor are excepted and reserved. (The mineral estate did not pass; the surface chain continues in the Surface Ownership sample of this same tract.)
MINERAL DEED (MD 24/391), dated 04/17/1931, filed 04/24/1931, from Elias Redfield to Delacroix Land Company. Conveying an undivided 15.00000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
MINERAL DEED (MD 29/68), dated 10/02/1936, filed 10/09/1936, from Ada Thornton Pike to Lucien Vance. Conveying an undivided 6.25000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
TAX DEED (TXD 3/220), dated 04/05/1937, from H. G. Christenson, Treasurer to State of New Mexico. Tax deed by a party outside the record chain of title; it does not divest the record owner.
ORDER ADMITTING WILL TO PROBATE (PR 7/102), executed 02/27/1948, in the estate of Elias Redfield. Vesting of record: Miriam Redfield Ward (30.00000000%); Cora Redfield Ainsworth (30.00000000%).
MINERAL DEED (MD 33/510), dated 11/19/1948, filed 11/26/1948, from Bertram Thornton to M.E. Caldwell. Conveying an undivided 6.25000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
MINERAL DEED (MD 52/240), dated 03/14/1968, filed 03/21/1968, from Miriam Redfield Ward to Hollis P. Ward; Estelle Ward Nunn. Conveying an undivided 15.00000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
ORDER ADMITTING WILL TO PROBATE (PR 12/77), executed 09/30/1969, in the estate of Bertram Thornton. Vesting of record: Beatrix Thornton Sealy (6.25000000%).
MINERAL DEED (MD 58/430), dated 06/06/1972, filed 06/13/1972, from Miriam Redfield Ward to Ward Family Trust. Conveying an undivided 15.00000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
ORDER ADMITTING WILL TO PROBATE (PR 14/206), executed 02/11/1974, in the estate of Ada Thornton Pike. Vesting of record: Sealy Descendants' Trust (3.12500000%); Unlocated: Heirs of Ada T. Pike (3.12500000%). Will admitted; one-half of the decedent's retained share passed of record to the Sealy Descendants' Trust; the residue passed to heirs whose identities are not established of record.
DISCLAIMER OF INTEREST (DISC 44/118), dated 06/12/1960, from Claude R. Pemberton to The owners of record. Disclaimer of interest: the claimant disclaims any right, title or interest in the subject minerals in favor of the owners of record.
AFFIDAVIT OF MARITAL STATUS (AFF 52/199), dated 03/10/1968, from Miriam Redfield Ward to The Public. Affidavit of marital status: affiant states she is a widow and that the mineral interests conveyed by her deeds of even date are her sole and separate property.
MINERAL DEED (MD 96/268), dated 08/23/1985, filed 08/30/1985, from Cora Redfield Ainsworth to Kestrel Minerals, Ltd. Conveying an undivided 15.00000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
ORDER ADMITTING WILL TO PROBATE (PR 21/93), executed 04/04/1988, in the estate of Lucien Vance. Vesting of record: Marisol Vance (6.25000000%).
MINERAL DEED (MD 141/512), dated 01/09/1995, filed 01/17/1995, from Estate of M.E. Caldwell to Caldwell Mineral Group, LLC. Conveying an undivided 6.25000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
NEW MEXICO QUITCLAIM DEED (QCD 148/201), dated 05/20/1996, from Roy McKellan, Jr. to Kestrel Minerals, Ltd. Quitclaim to Kestrel Minerals, Ltd. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear the 1919 trustee's-deed claim.
NEW MEXICO QUITCLAIM DEED (QCD 148/204), dated 05/20/1996, from Estate of C. P. Purdue to Kestrel Minerals, Ltd. Quitclaim to Kestrel Minerals, Ltd. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear the 1919 trustee's-deed claim.
NEW MEXICO QUITCLAIM DEED (QCD 148/207), dated 05/20/1996, from Dorothy Pemberton Hale to Kestrel Minerals, Ltd. Quitclaim to Kestrel Minerals, Ltd. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; successor to the disclaimed Pemberton claim (DISC 44/118).
NEW MEXICO QUITCLAIM DEED (QCD 148/210), dated 06/03/1996, from The McKellan Family Trust to Kestrel Minerals, Ltd. Quitclaim to Kestrel Minerals, Ltd. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed.
NEW MEXICO QUITCLAIM DEED (QCD 148/213), dated 06/03/1996, from Wanda Caldwell Reece to Kestrel Minerals, Ltd. Quitclaim to Kestrel Minerals, Ltd. No mineral interest of record passed — the grantor holds no mineral interest; the Caldwell line took the surface only (D 22/145).
NEW MEXICO QUITCLAIM DEED (QCD 148/216), dated 06/17/1996, from J. F. Caldwell to Kestrel Minerals, Ltd. Quitclaim to Kestrel Minerals, Ltd. No mineral interest of record passed — the grantor holds no mineral interest; the Caldwell line took the surface only (D 22/145).
NEW MEXICO QUITCLAIM DEED (QCD 162/301), dated 08/14/1998, from Heirs of D. S. Martin, by their attorney-in-fact to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NEW MEXICO QUITCLAIM DEED (QCD 162/304), dated 08/14/1998, from Charles H. Martin, Jr. to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NEW MEXICO QUITCLAIM DEED (QCD 162/307), dated 08/14/1998, from The Martin Family Mineral Trust to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NEW MEXICO QUITCLAIM DEED (QCD 162/310), dated 08/14/1998, from Opal Martin Gant Estate to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NEW MEXICO QUITCLAIM DEED (QCD 162/313), dated 08/14/1998, from Willie Berry Descendants' Partnership to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NEW MEXICO QUITCLAIM DEED (QCD 162/316), dated 08/14/1998, from Tillie Cleve Revocable Trust to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NEW MEXICO QUITCLAIM DEED (QCD 162/319), dated 08/14/1998, from Ned Martin, II to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NEW MEXICO QUITCLAIM DEED (QCD 162/322), dated 08/14/1998, from Gwinn Dunn Family, LLC to Delacroix Land Company. Quitclaim to Delacroix Land Company. No mineral interest of record passed — the grantor does not hold the interest purported to be conveyed; taken of record to clear successor claims of the Martin era.
NOTICE OF LIS PENDENS (LP 190/44), dated 04/12/2001, from Redbluff Resources Inc. to The Unknown Heirs of Ada T. Pike. Notice of lis pendens in Cause CV 190/44, naming The Unknown Heirs of Ada T. Pike, Deceased, and seeking to quiet leasehold title as to the outstanding Pike residue.
MINERAL DEED (MD 199/48), dated 05/12/2004, filed 05/19/2004, from Cora Redfield Ainsworth to The Ainsworth 2004 Trust. Conveying an undivided 15.00000000% interest in and to all of the oil, gas and other minerals in, on and under the lands, together with the right of ingress and egress for the purpose of exploring, developing and producing the same, to have and to hold unto the grantee, its successors and assigns, forever.
3. NONPARTICIPATING ROYALTY
ROYALTY DEED (RD 18/77), dated 08/11/1924, from Elias Redfield to Bensonhurst Investment Company. Conveying a perpetual nonparticipating royalty of one-sixteenth (1/16) of production from the lands, payable out of the grantor's mineral interest and its successors. (Burdens the grantor's retained mineral line; shown in the tabulation as the nonparticipating royalty.)
ASSIGNMENT OF ROYALTY (ASG 47/12), dated 07/21/1961, from Bensonhurst Investment Company to Bensonhurst Royalty Trust. Assigning the perpetual nonparticipating royalty reserved at RD 18/77 to Bensonhurst Royalty Trust.
ASSIGNMENT OF ROYALTY (ASG 214/77), dated 04/22/2015, from Bensonhurst Royalty Trust to the trust's successors of record. Distribution and assignment of royalty: the trustee distributes the perpetual nonparticipating royalty (RD 18/77; ASG 47/12) to the trust's successors — Bensonhurst Royalty Partners, L.P. (an undivided one-half), Margaret Bensonhurst Cole (one-fourth), The Cole Family Revocable Trust u/a/d March 3, 2015 (one-eighth), and Harriet Bensonhurst Voss (one-eighth).
4. OIL AND GAS LEASES
OIL AND GAS LEASE (OGL 12/318), dated 03/14/1948, filed 03/20/1948, from Thornton Heirs (Ada Thornton Pike; Bertram Thornton), as lessor, to Sandhill Petroleum Co., as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 5 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.12500000 of all oil and gas produced and saved. Expired by its own terms.
OIL AND GAS LEASE (OGL 18/402), dated 07/22/1953, filed 07/29/1953, from M.E. Caldwell, as lessor, to Sandhill Petroleum Co., as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 5 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.12500000 of all oil and gas produced and saved. Expired by its own terms.
OIL AND GAS LEASE (OGL 31/077), dated 11/03/1961, filed 11/10/1961, from Delacroix Land Company, as lessor, to Bitterlake Operating LLC, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.12500000 of all oil and gas produced and saved. Expired by its own terms; no release of record.
OIL AND GAS LEASE (OGL 44/291), dated 05/19/1968, filed 05/27/1968, from Hollis P. Ward, as lessor, to Bitterlake Operating LLC, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.18750000 of all oil and gas produced and saved. Held by production from the Redbluff Draw 14-23 Unit. Burdened by the Bensonhurst nonparticipating royalty.
OIL AND GAS LEASE (OGL 44/292), dated 05/19/1968, filed 05/27/1968, from Ward Family Trust, as lessor, to Bitterlake Operating LLC, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.18750000 of all oil and gas produced and saved. Expired by its own terms.
OIL AND GAS LEASE (OGL 44/318), dated 06/02/1968, filed 06/09/1968, from Estelle Ward Nunn, as lessor, to Bitterlake Operating LLC, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.18750000 of all oil and gas produced and saved. Expired by its own terms.
OIL AND GAS LEASE (OGL 61/145), dated 09/28/1979, filed 10/04/1979, from Kestrel Minerals, Ltd., as lessor, to Cordwood Energy Partners, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 5 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.16666667 of all oil and gas produced and saved. Expired by its own terms.
OIL AND GAS LEASE (OGL 61/146), dated 09/28/1979, filed 10/04/1979, from Beatrix Thornton Sealy, as lessor, to Cordwood Energy Partners, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 5 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.16666667 of all oil and gas produced and saved. Expired by its own terms.
OIL AND GAS LEASE (OGL 88/503), dated 04/11/1994, filed 04/18/1994, from Delacroix Land Company, as lessor, to Cordwood Energy Partners, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.20000000 of all oil and gas produced and saved. Held by production from the Redbluff Draw 14-23 Unit. Burdened by the Bensonhurst nonparticipating royalty.
OIL AND GAS LEASE (OGL 88/504), dated 04/11/1994, filed 04/18/1994, from Marisol Vance, as lessor, to Cordwood Energy Partners, as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.20000000 of all oil and gas produced and saved. Held by production from the Redbluff Draw 14-23 Unit.
OIL AND GAS LEASE (OGL 141/220), dated 02/07/2011, filed 02/14/2011, from Kestrel Minerals, Ltd., as lessor, to Redbluff Resources Inc., as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.25000000 of all oil and gas produced and saved. Held by production from the Redbluff Draw 14-23 Unit. Burdened by the Bensonhurst nonparticipating royalty.
OIL AND GAS LEASE (OGL 141/221), dated 02/07/2011, filed 02/14/2011, from The Ainsworth 2004 Trust, as lessor, to Redbluff Resources Inc., as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.25000000 of all oil and gas produced and saved. Held by production from the Redbluff Draw 14-23 Unit. Burdened by the Bensonhurst nonparticipating royalty.
OIL AND GAS LEASE (OGL 199/612), dated 08/30/2019, filed 09/06/2019, from Ward Family Trust, as lessor, to Redbluff Resources Inc., as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.25000000 of all oil and gas produced and saved. Held by production from the Redbluff Draw 14-23 Unit. Burdened by the Bensonhurst nonparticipating royalty.
OIL AND GAS LEASE (OGL 199/613), dated 08/30/2019, filed 09/06/2019, from Estelle Ward Nunn; Caldwell Mineral Group, LLC, as lessor, to Redbluff Resources Inc., as lessee. Covering the NE/4 NE/4 of Section 14, Township 24 South, Range 28 East, N.M.P.M., Eddy County, New Mexico, for a primary term of 3 years and so long thereafter as oil or gas is produced in paying quantities, reserving unto the lessor a royalty of 0.25000000 of all oil and gas produced and saved. Held by production from the Redbluff Draw 14-23 Unit. Burdened by the Bensonhurst nonparticipating royalty.
5. ASSIGNMENTS AND SUPPORTING INSTRUMENTS
ASSIGNMENT OF OIL AND GAS LEASE (ASG 88/101), dated 02/12/1994, from Bitterlake Operating LLC to Cordwood Energy Partners, as to Lease No. 4.
ASSIGNMENT OF OIL AND GAS LEASE (ASG 141/377), dated 06/30/2011, from Cordwood Energy Partners to Redbluff Resources Inc., as to Lease No. 4.
ASSIGNMENT OF OIL AND GAS LEASE (ASG 141/378), dated 06/30/2011, from Cordwood Energy Partners to Redbluff Resources Inc., as to Lease No. 9. Reserving an overriding royalty of three percent (3%) of production.
ASSIGNMENT OF OIL AND GAS LEASE (ASG 141/379), dated 06/30/2011, from Cordwood Energy Partners to Redbluff Resources Inc., as to Lease No. 10. Reserving an overriding royalty of three percent (3%) of production.
ASSIGNMENT OF OIL AND GAS LEASE (ASG 152/88), dated 03/22/2013, from Redbluff Resources Inc. to Redbluff Resources Inc. 70%; Bitterlake Operating LLC 10%; Cordwood Energy Partners 10%; Sable Creek Petroleum LLC 10%, as to Lease No. 11.
ASSIGNMENT OF OIL AND GAS LEASE (ASG 205/144), dated 01/15/2021, from Redbluff Resources Inc. to Redbluff Resources Inc., as to Lease No. 14. Assigning an overriding royalty of two percent (2%) of production to Sable Creek Overrides LLC.
RELEASE OF OIL AND GAS LEASE (REL 21/240), dated 04/02/1956, filed 04/09/1956, from Sandhill Petroleum Co. to Thornton Heirs et al. Releasing the Oil and Gas Lease at OGL 12/318 (Lease 1), the same having expired by its terms.
RELEASE OF OIL AND GAS LEASE (REL 24/188), dated 09/14/1959, filed 09/21/1959, from Sandhill Petroleum Co. to M.E. Caldwell. Releasing the Oil and Gas Lease at OGL 18/402 (Lease 2), the same having expired by its terms.
RELEASE OF OIL AND GAS LEASE (REL 49/301), dated 07/08/1972, filed 07/14/1972, from Bitterlake Operating LLC to Ward Family Trust; Estelle Ward Nunn. Releasing the Oil and Gas Leases at OGL 44/292 and OGL 44/318 (Leases 5 and 6), the same having expired by their terms.
AFFIDAVIT OF HEIRSHIP (AFF 60/112), dated 03/30/1974, filed 04/05/1974, from Wallace R. Greene to The Public. Affiant states the family history of Ada Thornton Pike, deceased, identifying the devisees under her will and stating that certain residuary heirs are unknown to affiant; filed in support of the probate at PR 14/206.
RELEASE OF OIL AND GAS LEASE (REL 66/45), dated 11/19/1985, filed 11/26/1985, from Cordwood Energy Partners to Kestrel Minerals, Ltd.; Beatrix Thornton Sealy. Releasing the Oil and Gas Leases at OGL 61/145 and OGL 61/146 (Leases 7 and 8), the same having expired by their terms.
MEMORANDUM OF OIL AND GAS LEASE (MEM 141/501), dated 02/07/2011, filed 02/14/2011, from Kestrel Minerals, Ltd. to Redbluff Resources Inc. Memorandum evidencing the Oil and Gas Lease at OGL 141/220 (Lease 11); the full lease terms are retained by the parties and are not of record.
RATIFICATION OF OIL AND GAS LEASE (RAT 152/90), dated 04/02/2013, filed 04/09/2013, from The Ainsworth 2004 Trust to Redbluff Resources Inc. Ratifying and adopting the Oil and Gas Lease at OGL 141/221 (Lease 12) and consenting to the pooling of the leased premises into the Redbluff Draw 14-23 Unit.
RATIFICATION OF OIL AND GAS LEASE (RAT 199/620), dated 10/11/2019, filed 10/18/2019, from Caldwell Mineral Group, LLC to Redbluff Resources Inc. Ratifying the Oil and Gas Lease at OGL 199/613 (Lease 14) as to the undersigned's undivided mineral interest in the lands.
NOTICE OF LIS PENDENS (LP 40/112), dated 11/02/1952, filed 11/02/1952, from R.T. Caldwell to The record owners of the mineral estate. Notice of the pendency of Cause CV 41/295, District Court, Eddy County, concerning title to the subject lands; resolved by the decree at CV 41/295.
MORTGAGE (MTG 44/218), dated 03/03/1955, filed 03/10/1955, from R.T. Caldwell to First National Bank of Roswell. Mortgage covering the surface estate of the subject lands; does not affect the severed mineral estate.
RELEASE OF MORTGAGE (MTG 51/402), dated 08/21/1961, filed 08/28/1961, from First National Bank of Roswell to R.T. Caldwell. Releasing the mortgage at MTG 44/218 in full.
RIGHT OF WAY GRANT (ROW 74/310), dated 05/06/1978, filed 05/12/1978, from R.T. Caldwell Estate to Pecos Valley Electric Cooperative, Inc. Granting an electric distribution easement across the subject lands; surface burden only.
POWER OF ATTORNEY (POA 96/255), dated 06/30/1985, filed 07/08/1985, from Cora Redfield Ainsworth to Dale R. Ainsworth. Appointing an attorney-in-fact for the management of the grantor's mineral interests, including the execution of the mineral deed at MD 96/268.
DESIGNATION OF POOLED AREA (MISC 203/88), dated 02/12/2020, filed 02/19/2020, from Redbluff Resources Inc. to The public record. Designating the Redbluff Draw 14-23 Unit (160.00 acres, being the NE/4 of Section 14) as a pooled area for the production of oil and gas; the subject tract's participation is 40.00/160.00 = 0.25000000.
ANCHOR AND RIGHT-OF-WAY EASEMENT (ROW 209/140), dated 09/02/2021, filed 09/09/2021, from Sterling Basin Ranch, LLC to Pecos Valley Electric Cooperative, Inc. Anchor and right-of-way easement across the subject lands; surface burden only.
DIVISION ORDER (DO 207/33), dated 06/15/2021, filed 06/22/2021, from Redbluff Resources Inc. to The royalty owners of record. Division order for the Redbluff Draw 14-23 Unit reciting the decimal interests of the royalty owners; execution of a division order does not amend the underlying leases. Not relied upon for the tabulation.
6. TAX SALES AND ADJUDICATIONS
FINAL DECREE QUIETING TITLE (CV 41/295), entered 05/07/1953. Decree quieting title in the record owners as tabulated; no interest divested.
STIPULATION AND CROSS-QUITCLAIM (STIP 60/334), entered 09/09/1974. Stipulation and cross-quitclaim among the Redfield successors, confirming the division of the Redfield one-half (PR 7/102) as tabulated and disclaiming as among themselves any greater share.
ORDER OF DISMISSAL (CV 190/44), entered 11/05/2001. Cause dismissed without prejudice as to The Unknown Heirs of Ada T. Pike for want of service by publication proof; the outstanding residue was NOT adjudicated and remains of record.
7. ADVERSE AND SUCCESSOR CLAIMS OF RECORD
S. S. Ward, Trustee to Roy McKellan; C. P. Purdue 06/14/1919 (D 11/87). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
H. G. Christenson, Treasurer to State of New Mexico 04/05/1937 (TXD 3/220). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Roy McKellan, Jr. to Kestrel Minerals, Ltd. 05/20/1996 (QCD 148/201). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Estate of C. P. Purdue to Kestrel Minerals, Ltd. 05/20/1996 (QCD 148/204). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Dorothy Pemberton Hale to Kestrel Minerals, Ltd. 05/20/1996 (QCD 148/207). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
The McKellan Family Trust to Kestrel Minerals, Ltd. 06/03/1996 (QCD 148/210). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Wanda Caldwell Reece to Kestrel Minerals, Ltd. 06/03/1996 (QCD 148/213). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
J. F. Caldwell to Kestrel Minerals, Ltd. 06/17/1996 (QCD 148/216). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Heirs of D. S. Martin, by their attorney-in-fact to Delacroix Land Company 08/14/1998 (QCD 162/301). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Charles H. Martin, Jr. to Delacroix Land Company 08/14/1998 (QCD 162/304). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
The Martin Family Mineral Trust to Delacroix Land Company 08/14/1998 (QCD 162/307). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Opal Martin Gant Estate to Delacroix Land Company 08/14/1998 (QCD 162/310). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Willie Berry Descendants' Partnership to Delacroix Land Company 08/14/1998 (QCD 162/313). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Tillie Cleve Revocable Trust to Delacroix Land Company 08/14/1998 (QCD 162/316). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Ned Martin, II to Delacroix Land Company 08/14/1998 (QCD 162/319). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
Gwinn Dunn Family, LLC to Delacroix Land Company 08/14/1998 (QCD 162/322). A recorded instrument purports to convey or claim the subject minerals, but no interest of record supports it; it does not divest the record owners. Carried as an adverse or successor claim of record.
8. LEASEHOLD STATUS OF RECORD
Lease No. 1 (OGL 12/318), Thornton Heirs (Ada Thornton Pike; Bertram Thornton) to Sandhill Petroleum Co., expired by its own terms at the end of its primary term, no production having been obtained; there is a release of record. It does not burden the present tabulation.
Lease No. 2 (OGL 18/402), M.E. Caldwell to Sandhill Petroleum Co., expired by its own terms at the end of its primary term, no production having been obtained; there is a release of record. It does not burden the present tabulation.
Lease No. 3 (OGL 31/077), Delacroix Land Company to Bitterlake Operating LLC, expired by its own terms at the end of its primary term, no production having been obtained; there is NO release of record — see Record Advisories. It does not burden the present tabulation.
Lease No. 4 (OGL 44/291), Hollis P. Ward to Bitterlake Operating LLC, is held by production from the Redbluff Draw 14-23 Unit and is now owned of record as follows: Redbluff Resources Inc. 100.00000000%. Record chain: Oil & Gas Lease at OGL 44/291; Assignment at ASG 88/101; Assignment at ASG 141/377. The leasehold is burdened by the Bensonhurst nonparticipating royalty (RD 18/77; four holders of record per ASG 214/77).
Lease No. 5 (OGL 44/292), Ward Family Trust to Bitterlake Operating LLC, expired by its own terms at the end of its primary term, no production having been obtained; there is a release of record at REL 49/301. It does not burden the present tabulation.
Lease No. 6 (OGL 44/318), Estelle Ward Nunn to Bitterlake Operating LLC, expired by its own terms at the end of its primary term, no production having been obtained; there is a release of record. It does not burden the present tabulation.
Lease No. 7 (OGL 61/145), Kestrel Minerals, Ltd. to Cordwood Energy Partners, expired by its own terms at the end of its primary term, no production having been obtained; there is a release of record. It does not burden the present tabulation.
Lease No. 8 (OGL 61/146), Beatrix Thornton Sealy to Cordwood Energy Partners, expired by its own terms at the end of its primary term, no production having been obtained; there is a release of record. It does not burden the present tabulation.
Lease No. 9 (OGL 88/503), Delacroix Land Company to Cordwood Energy Partners, is held by production from the Redbluff Draw 14-23 Unit and is now owned of record as follows: Redbluff Resources Inc. 100.00000000%. Record chain: Oil & Gas Lease at OGL 88/503; Assignment at ASG 141/378. The leasehold is burdened by the Bensonhurst nonparticipating royalty (RD 18/77; four holders of record per ASG 214/77) and an overriding royalty of 3.00000000% in favor of Cordwood Energy Partners.
Lease No. 10 (OGL 88/504), Marisol Vance to Cordwood Energy Partners, is held by production from the Redbluff Draw 14-23 Unit and is now owned of record as follows: Redbluff Resources Inc. 100.00000000%. Record chain: Oil & Gas Lease at OGL 88/504; Assignment at ASG 141/379. The leasehold is burdened by an overriding royalty of 3.00000000% in favor of Cordwood Energy Partners.
Lease No. 11 (OGL 141/220), Kestrel Minerals, Ltd. to Redbluff Resources Inc., is held by production from the Redbluff Draw 14-23 Unit and is now owned of record as follows: Redbluff Resources Inc. 70.00000000%; Bitterlake Operating LLC 10.00000000%; Cordwood Energy Partners 10.00000000%; Sable Creek Petroleum LLC 10.00000000%. Record chain: Oil & Gas Lease at OGL 141/220; Assignment at ASG 152/88. The leasehold is burdened by the Bensonhurst nonparticipating royalty (RD 18/77; four holders of record per ASG 214/77).
Lease No. 12 (OGL 141/221), The Ainsworth 2004 Trust to Redbluff Resources Inc., is held by production from the Redbluff Draw 14-23 Unit and is now owned of record as follows: Redbluff Resources Inc. 100.00000000%. Record chain: Oil & Gas Lease at OGL 141/221. The leasehold is burdened by the Bensonhurst nonparticipating royalty (RD 18/77; four holders of record per ASG 214/77).
Lease No. 13 (OGL 199/612), Ward Family Trust to Redbluff Resources Inc., is held by production from the Redbluff Draw 14-23 Unit and is now owned of record as follows: Redbluff Resources Inc. 100.00000000%. Record chain: Oil & Gas Lease at OGL 199/612. The leasehold is burdened by the Bensonhurst nonparticipating royalty (RD 18/77; four holders of record per ASG 214/77).
Lease No. 14 (OGL 199/613), Estelle Ward Nunn; Caldwell Mineral Group, LLC to Redbluff Resources Inc., is held by production from the Redbluff Draw 14-23 Unit and is now owned of record as follows: Redbluff Resources Inc. 100.00000000%. Record chain: Oil & Gas Lease at OGL 199/613; Assignment at ASG 205/144. The leasehold is burdened by the Bensonhurst nonparticipating royalty (RD 18/77; four holders of record per ASG 214/77) and an overriding royalty of 2.00000000% in favor of Sable Creek Overrides LLC.
9. GENERAL NOTES
Mineral percentages are carried to eight decimal places; Net Revenue Interests are stated as eight-decimal DECIMAL interests in unit production, the division-order convention. Subtotals are the exact sum of the rows above them.
This report states who is entitled to production revenue from the tract. It does not calculate payment and it is not a division order.
Lease status is derived from the record read together with the production history of the unit; it is not a legal determination that any lease remains in force.
The search covers the official records of the Eddy County Clerk's Office and the Clerk of the Fifth Judicial District Court from inception through the record date. Instruments indexed after the record date, unrecorded instruments, and matters not of record (including unrecorded operating agreements and division orders held by the parties) are outside the scope of this report.
Reliance was placed on the county's grantor-grantee and tract indices as maintained by the Clerk. An instrument misindexed by the Clerk may not appear in this report; the runsheet lists every instrument identified and relied upon.
Unreleased instruments that expired by their own terms are tabulated as expired and noted in the Record Advisories; they are not treated as clouds unless an adverse claim of record depends on them.
COMPILATION STATEMENT
This Revenue Interest Report was compiled by Archive Ledger, Inc. from a search of the official records of the Eddy County Clerk's Office and the Clerk of the Fifth Judicial District Court for Eddy County, New Mexico, from inception of the records through 12/27/2025. This report was generated by the Archive Title Examination System and reflects the instruments of public record affecting the subject lands as of the record date stated above. Mineral ownership is developed in the Title Notes from the original government patent; leases, assignments and burdens are set out in the Lease Schedule and the runsheet, and every instrument relied upon is listed in the runsheet under its recording reference. Examination was limited to those recorded instruments; no probate court files, district court case files, NMOCD, BLM/GLO, or State Land Office records were examined except as expressly noted.
DISCLAIMER: This report is supplied without warranty, either express or implied. This is not a title opinion and does not constitute legal advice.
Common questions
- What is a revenue interest report?
- It states who is entitled to production revenue from a tract, and in what share. Starting from the mineral ownership, it applies each owner's lease, the royalty that lease reserves, and every burden carved out of it — non-participating royalties, overriding royalties — and expresses the result as a Net Revenue Interest in the producing unit. It is the research a division-order title opinion is built on.
- What is a Tract Factor, and why does every number depend on it?
- Production is paid on the unit, not on the tract. The Tract Factor is the tract's acreage divided by the unit's — a 40-acre tract in a 160-acre unit has a Tract Factor of 0.25. Every interest in the report is multiplied by it, which is why the report states it once, on its own, and why a later revision to the unit changes every figure proportionally.
- Why do the sections have to total the Tract Factor?
- Because that identity is the report's own proof. Royalty, non-participating royalty, overriding royalty, working interest, and unleased interest together account for one hundred percent of the tract's production. If they sum to anything other than the Tract Factor, an interest has been missed, double-counted, or mis-stated — and the report says so before anyone relies on it.
- What is the difference between an NPRI and an overriding royalty?
- Both are royalties, but they come out of different pockets. A non-participating royalty is carved out of the MINERAL estate — usually reserved in an old deed — so it reduces the lessor's royalty and survives the lease that happens to be in force. An overriding royalty is carved out of the LEASEHOLD by assignment, so it reduces the working interest and dies with the lease it burdens.
- What happens to a mineral owner who never signed a lease?
- They are shown as an unleased interest. An unleased cotenant is not bound by anyone else's lease and takes their share of production net of the cost of developing it. Unleased interests are the ones an operator most needs to find before proposing a well, which is why they are broken out rather than folded into a subtotal.
- Is this a division order?
- No. A division order is the instrument an operator issues to authorize payment. This is the title research that establishes what the shares are — it does not calculate a payment, direct one, or bind anyone to accept one.
- How is this different from a title opinion?
- An Archive report is a research product compiled from public records. It is not a title opinion, a title commitment, title insurance, or a certified abstract, and it is not legal advice. A title opinion is a lawyer's professional judgment about who owns a tract and what defects encumber it, and only a licensed attorney can render one. Archive assembles and verifies the record on which such a judgment is made — thoroughly, quickly, and at a set price — and expects you to have it reviewed before you rely on it.
- Is the data on this page real?
- No. The parties, leases, instruments, and the unit itself are fictional and are used to illustrate the format and depth of a real package. A real Archive report is built from actual recorded county records.