What determines how many wells you can draw royalties from?
Is it your how many wells are located in your Township, Range ,or Section?
Is a section 640 acres 1 square mile?
Is a section 640 acres 1 square mile?
Views: 22
Replies to This Discussion
-
Permalink Reply by Bird on
-
Yes, a section is one square mile. Also a township is six square miles, usually. The unit set up for drilling is usually a section of 640 acres and all mineral right owners should draw royalties from production. All is negotiable, some are signing for 25%. I like a clause of a bump up to 30% after the cost of the well is recovered.
-
Permalink Reply by texasshale on
-
The number of wells is determined by how your lease is pooled with other acreage. It is limited by the practical aspect of the pooling.
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
-
Fayetteville Shale
149 members
-
North Caddo Parish
358 members
-
Central Texas Gas
63 members
-
Cass County, TX
119 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
