Replies to This Discussion

Permalink Reply by Redneck Girl on March 16, 2010 at 7:21

If I am correct, in February I was getting paid $3.968.

Permalink Reply by Henry on March 16, 2010 at 12:07

Per Acre?? This sounds high.

Permalink Reply by OLD HILLBILLY on March 16, 2010 at 12:24

HOW MANY AC. DO YOU HAVE AND DID YOU GET 3/16 OR 1/4 ? , THATS REALLY HIGH UNLESS YOU HAVE 1020 AC. LOL. GOOD FOR YOU

Permalink Reply by Redneck Girl on March 16, 2010 at 15:46

How I understand it is,
1. Depending on how much the well pulls every month
2. Depending on what your % is on how much land you own
3. Plus the price that is paying at the well head.

My grandfather has 120 acres, out of that, I have 15. The price is the information that I got off the pay stub. Let me know if there is anything else I can help with. I don't know too much, still learning.

Permalink Reply by OLD HILLBILLY on March 17, 2010 at 0:30

so you are getting about $34 an ac. ? who is your grandfather ?

Permalink Reply by Redneck Girl on March 17, 2010 at 1:53

I was looking for my contract last night, but I have misplaced it, so I don't know how much I an receiving per acre. I think it's in my safe deposit box. It would be nice for everyone if they put more wells in our pool. I'm sure it's gonna happen, just time. From this one well, I am receiving $400 a month. It is not alot, but it is better than nothing. I hope the well increases production too. Are you in Logansport? If you are, how long have u been there? My grandparents were William Arles and Mary Louise Gadman. Did you know them?

Permalink Reply by OLD HILLBILLY on March 17, 2010 at 4:51

YES WE NEW THEM WELL . WE WENT TO CHURCH WITH BOTH OF THEM , WE REALLY LIKED HIM AND HER

Permalink Reply by Redneck Girl on March 17, 2010 at 7:07

Did you know their children? What is your name, not that I would know. I really didn't spend much time at my grandparents. I remember being there for two weeks, but when you are little, there really wasn't much to do.