Oil & Gas Pro

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 jffree1 on January 24, 2011 at 9:07
That is the correct figure, Jerry, and I apologize for making such a dumb mistake.  I just didn't put enough zeros in when I entered ".003875".  There should have been 3.

Oil & Gas ProPermalink Reply by jerry smith on January 24, 2011 at 9:13
N
Permalink Reply by PamelaC on January 25, 2011 at 21:07

Jffree1,

 

Tut, Tut.. Are you sure you are not as mathmatically challenged as I am. LOL!

Permalink Reply by jffree1 on January 26, 2011 at 3:02

I did apologize... and I can only claim that I fail at multi-tasking, LOL!

Permalink Reply by Linda Whatley on January 26, 2011 at 3:26

That's exactly why I use the online calculator!!..... LOL

Permalink Reply by Linda Whatley on January 26, 2011 at 3:28
The calculator will give an annual estimate....... 

Oil & Gas ProPermalink Reply by The_Baron on January 26, 2011 at 4:03
They only problem is it will not take into account decline, which with a HA well is very steep.
Permalink Reply by Linda Whatley on January 26, 2011 at 4:07

I don't rely on the annual estimate............. just divide by 12 and you get a pretty accurate estimate of what one month's royalty check will be at current price and production 

Permalink Reply by Linda Whatley on January 26, 2011 at 7:48

Hey Gang,

 

There's a royalty calculator on shalebiz.com that calculates daily, weekly, monthly, and annual projected income. 


landownerPermalink Reply by Jeri Lynn Williamson on January 26, 2011 at 3:40

You have helped me before.  Where can I get monthly production reports for  these wells:

1.  Clark

2.  Blount

3. Steadham

4.  Blue

Also, when can we expect division orders and when did they start producing?


landownerPermalink Reply by ALongview on January 26, 2011 at 3:44
I posted the Clark 1st month production in the San Augustine group. The Blount and I believe the Steadham just reported IP test and I haven't seen anything on the Blue but do not believe anything has been reported.
Permalink Reply by jffree1 on January 26, 2011 at 3:59
Jeri, you can go to the "RRC of Texas Help Center" to find instructions for locating production reports.

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