Landmen and other land professionals use many different formulas to calculate interests in an oil and gas lease, including royalty payments, bonus payments, delay rentals, undivided mineral interests, working interests, net revenue interests, gross acres, and net acres.

The 10-minute videos in this tutorial cover all of the calculations done on the leasing side of the oil and gas industry. Alyce Hoge walks you through, step by step, each of the formulas that a landman or land professional must know to fully appreciate the impact of leasing on the overall success of an oil and gas company.