Royalty Payments

Does anyone or has anyone started receiving royalty payments? How long was it after the well completed did you start to receive payments and how much if you would like to share. Do they really come monthly when it starts?

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Replies to This Discussion


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 20, 2009 at 15:54
Approximately 90 days after the well is "turned to sales" and every month thereafter as long the operator produces from any well in the unit you will receive royalty payments.
Permalink Reply by Weto on August 20, 2009 at 16:42
Are they more than one well in a unit?
Permalink Reply by Weto on August 20, 2009 at 16:43
Sorry, I meant, do some units have more than 1 well?

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 21, 2009 at 1:27
All HA (Haynesville) Units that are one section in size may have up to eight wells by LOC spacing regulations. One well for every eighty acres.

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