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
Tags:
Here's a link to a calculator you can use to figure your estimated royalties:
Hey Linda,
I've read some of your posts and know that you are already getting royalties....I'm interested to know if this royalty calculator seems to be 'ringing true' to what you are receiving. The royalty calculators I've used (one is an Excel sheet that I got off this site) indicated the amount to be half of what this calculator indicates. I realize this calculator probably doesn't figure in the decline curve. Anyway, just wondering what your experience has been with this or other calculators.
Thanks!
JeffNP
Hey JeffNParis,
If you know the price of gas and amount of production for a given month, then yes, you can rely on the calculator. There is another calculator located at www.shalebiz.com that will allow you to figure your monthly royalty. I like using that one!
Linda
(2 / 645 x .125) x (434,000 X $4.00)
0.00031 X .125 x $1,736,000.00
.0003875 x $1,736,000.00
$6727.00 gross
Jerry,
Congratulations on getting a well!!!!....... Your first check will probably be for several months production.
jffree1,
I believe there's a typo in the gross figure.
Should read: $672.70 gross.
Thanks for catching it, FXEF.
Jerry, my final figure would be incorrect because the decimal point is in the wrong place.
so it should be 672.70 is this correct
thanks jerry
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