The formula to calculate the Net Mineral Acres (NMA) is:
\[ NMA = \frac{MA \times I}{100} \]
Where:
Net Mineral Acres (NMA) is a measure of the actual ownership interest in mineral rights, expressed in acres. It is calculated by multiplying the total mineral acres by the percentage of ownership. This metric is important for determining the value and potential revenue from mineral rights.
Let's assume the following values:
Step 1: Calculate the Net Mineral Acres:
\[ NMA = \frac{100 \times 25}{100} = 25 \text{ acres} \]
Therefore, the Net Mineral Acres (NMA) is 25 acres.
