Royalty payments 3/16th Sabine Parish Well
I talked to someone with Encana. She told me my payment for June would be $354.37 on forty acres, I sure thought on that many acres it would be more than that,not worth fooling with. She said I would get a check from Shell for the other half..That would only be around $700.00 for a month.
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Permalink Reply by Pelican on
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Based on the productions figures I gave you before, not even close. That sounds like May's production numbers. I did a little quick math on that month and it is close. Just don't know what price they are using. June would be much higher. 40/640=.0625 -----.0625x18.75= .011718. May only produced about 17,000 MCF. Somebody got confused on the month.
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Permalink Reply by Barbara Ann Cobbs Shaw on
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I appreciate your information. I just don,t know much about this at all. That makes me feel a lot better.Sorry I have to ask so many questions.
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no problem. May only had production the last 4 days of the month. They worked on the well late June and early July. The production is supposed to increase from previous days. (over 10.000/d).
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Permalink Reply by Barbara Ann Cobbs Shaw on
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Thank you again you are so helpful.
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