FINALLY PAID!

Finally received 1st royalty payment for sales through February 2012 from XTO for the Cardinals DU #1H well in Shelby County, Texas.   It's been producing and have had gas sales since April, 2011 (over 1 year ago) and gas production has been dwindling each month.  Is it possible for production to level off or will it just deplete to "0"?  Another question is - Is it possible for XTO to drill another well in the unit this well is located in and/or can our interest be included in another unit if another one is formed  (or when the Cardinals quits producing in paying quantities, is that all the royalties we will ever receive from our mineral interest?)  Was hoping to receive monthly royalty checks from this well for many years (or what is the norm for the wells being drilled in Shelby County?)   Still no division order yet.

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Replies to This Discussion

Permalink Reply by adubu on July 6, 2012 at 14:48

would not worry about time to get DO as long as getting check but of course you want to check decimal interest to make sure correct--- you can check that now --it's on your check stub items

Permalink Reply by Brian Upshaw on July 11, 2012 at 13:14

April 2011 to February 2012, XTO sold 1,658,683 MCF for $5,981,118. Marketing costs of $417,966. Review your lease. See if they are allowed to take deduction. Also check if they are allowed lease use gas (3,258 MCF) for those dates. You might want to check the price per MMBTU and see what it is. If you got your first check in May for April 2011 gas, you would be due interest(New York Federal Reserve Rate +2%). Send message if you want help.

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