Another fairly substantial drop. If I recall, this sometimes happens with the addition of an ALT well or fracking. Anyone have any insight or info on what is going on with this well?
Thanks, Skip. Is it reasonable to assume that we may share in the production revenue?
If you have a mineral interest in either of the sections, you will receive your proportional share of well production based upon the linear feet of perforated lateral that lies in each unit.
Covey Park recently cut us our monthly check, but I cannot get the numbers to match SONRIS and CP can't explain why.
From my check stub:
12850013 03/19 G
TUCKER 31-6 HC 1 ALT 142,865.13 (Volume of natural gas)
From SONRIS (bolded numbers at top and bottom)
|RPT DATE||LUW CODE||STORAGE FAC||DOC USE||WELL CNT||OPENING STK||OIL PROD(BBL)||GAS PROD(MCF)||PARISH|
The response I got from CP was:
"We’ve been audited by the Louisiana Dept of Revenue and they couldn’t show me how to prove what a certain well produced.
The only ones you can verify are ones where it’s a well that’s not a cross section and it’s the only well in that LUW."
Here is what I had written to CP:
"Brian, thanks for the reply, but if I were to look at the production on SONRIS, how would I know the percentage that would be credited to my account on the Tucker 31-6? IOW, if I see a production number on SONRIS, how would I estimate the volume which would be credited to my ownership?"
Any suggestions on how to approach this?
David, go the SONRIS well file, click on the Well Serial Number in blue, on the list of filed reports go down to number 7 in the Document column. Page three will be the Perf report where the operator states the percentage of the cross unit lateral that lies in each unit for that particular well. The percentage is used to allocate monthly production volumes for the purpose of paying royalty.
This still does not overcome the problem of the state regs for reporting allowing operators to report the monthly unit total instead of the per well volumes. The more unconventional development evolves, the less applicable the rules and regs are. The state will never catch up. You can subscribe to certain pay per data sources that would provide per well monthly production volumes that come from the well operator, not the state, but they are not cheap.