I have a 3/16th's royalty agreement. If the well in question is producing and selling $1400 per day, how much will the royalty checks be?

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Check out this category, there have been several similiar posts like this one.

http://www.gohaynesvilleshale.com/forum/categories/payment-runaroun...
Go to http://www.pagaslease.com/calculator_natural_gas_royalty_form.php

You will need the size of your Unit and the going price per mcf.
Don't forget that you may have some costs subtracted out, compression, dewatering, etc. Depends on the quality of the gas, and the terms of your lease.

Also you will pay severance taxes on your gas.

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