Is anyone out there recieving royalty payments yet? I was just wondering what payments would be per acre on an average well in haynesville shale, with what gas prices are right now? There are several calculators on the web but they all seem to give u a different answer. Just wanted to talk to someone who may be recieving payments or to one of the oil and gas pros out there. THANKS FOR ANY INFO!!!
Geeze some of you guys are ridiculous. Now I'm being called a crook because wellhead prices bottomed in September and that's what was paid for your gas. Obviously that was the price paid for that gas at that time. If you have such a problem regarding it, hire an attorney. I'm going to leave this alone. Your not worth my time.
Gas is actually sold by the btu. If gas is richer than the required btu an adjustment is made for the difference. If the gas is leaner than the btu required, the same holds true.
Every pipeline carrier, from gatherer to the point of sale tap charges a transportation fee, which is deducted from the sale price of the gas. Every situation is different.
the figure you see on your stub is the net price recieved.
John Avatar, for my knowlege, why would the September price received for gas from one operator be $2.49 and from another operator be $1.97. I can certainly understand some cents difference, but a 25% difference in price is hard for me to understand. One is in northern Bethany-Longstreet and the other is in southern Bethany-Longstreet. I can't imagine there is that much difference in btu content.
springbranch, im not avatar, but i may be able to offer some insight. i recently had this same conversation with one of my operators. according to them, even though the gas flows 24/7, the price payed is negoiatiated only once a month. it may be loosley based on the spot price, but basicly the price payed is what is agreed upon by the operator and the owner of the pipeline. with that said how would any operator get the "best" price when they are limited to one buyer? this also makes me wonder how an operator takes advantage of a hedge price when the gas supposedly changes ownership once it enters the other companies pipeline.
thanks for the ditto baron. would you comment as to how that price is arrived at ? there are only two parties involved in the negotations and i am curious as to how everyones best intrest gets looked after. sorry to put you on the spot, but i feel you may have some insight.
I am fine with the price of the gas I sell being determined once each month. No problem whatsoever! However, tell me which day each month that decision is going to be reached (third Thursday, first Friday, last business day, 1st business day...........I don't care, but do it the same time each month and base it on a price that is made available to the public over the internet or whatever. If it is all done in secret, at a price and time to be determined by the Operator, then I don't think.......I KNOW.....I'm being screwed..............and the only reason to keep it a secret is to screw me!
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More