Royalty
could some one tell the what my royalty interest would be in this unit.
I own 2 net mineral acres in a 148.24 acre tract. The unit is a 645 acres. The well has produce 434, 000 mcfs what would my first check be. The gas was sold at 4.00
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Permalink Reply by Linda Whatley on
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Jerry,
If the well has produced 434,000 mcfs, then that means it has produced 434,000,000 cf during the reporting period. All you have to do is divide by the number of days in the month (i.e, 30 or 31) to find out what it produces a day. That figure is what you will enter in the daily production on the calculator.
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Sorry I was so late in getting back to you, but I was out in my backyard enjoying the evening with my hubby!!!!!
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