Royalty

could some one tell the what my  royalty interest would be in this unit.

 

I own 2 net mineral acres in a 148.24  acre tract. The unit is a 645 acres. The well has produce 434, 000 mcfs   what would my first check be.  The gas was sold at 4.00  

Views: 287

▶ Reply to This

Replies to This Discussion

Permalink Reply by Linda Whatley on January 29, 2011 at 15:34

Jerry,

 

If the well has produced 434,000 mcfs, then that means it has produced 434,000,000 cf during the reporting period.  All you have to do is divide by the number of days in the month (i.e, 30 or 31) to find out what it produces a day.  That figure is what you will enter in the daily production on the calculator. 

Permalink Reply by Linda Whatley on January 29, 2011 at 15:36

Sorry I was so late in getting back to you, but I was out in my backyard enjoying the evening with my hubby!!!!!

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Monster’ Gas: Aethon’s 16,000-foot Dive in Haynesville West

Monster’ Gas: Aethon’s 16,000-foot Dive in Haynesville West
2 Update: Companies Withdraw Plan to Set Arkansas Lithium Royalties

Update: Companies Withdraw Plan to Set Arkansas Lithium Royalties
3 Associated gas boom hurting gas-focused producers

Associated gas boom hurting gas-focused producers
4 U.S. natural gas trade will continue to grow with the startup of new LNG export projects

U.S. natural gas trade will continue to grow with the startup of new LNG export projects
5 Could a US lithium glut develop in the near future?

Could a US lithium glut develop in the near future?
6 Energy Transfer Accused of Boxing Out Louisiana Pipeline Rivals

Energy Transfer Accused of Boxing Out Louisiana Pipeline Rivals
7 Mild winter weather may lead to persistently high natural gas inventories through 2025

Mild winter weather may lead to persistently high natural gas inventories through 2025

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service