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Permalink Reply by Skip Peel - Mineral Consultant on February 26, 2024 at 11:19

Too early to be looking for royalty.  It usually takes about six months but I've seen it take longer.  I would expect to get a first payment in April or May.

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Permalink Reply by RONNY on February 27, 2024 at 5:42

Thanks Skip.

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Permalink Reply by Skip Peel - Mineral Consultant on February 27, 2024 at 9:51

You're welcome, Ronny.  I'll take this opportunity to remind you and the members that the first checks for new wells are the largest most mineral lessors will receive.  First, that check is for multiple months of production.  And secondly, those are almost always the highest producing months in the life of a well.  Both of those are increased when you have multiple wells which should go into pay at the same time.  For Louisiana Haynesville wells, severance tax will be deducted from your first checks but will be reimbursed to you at a later date after the operator has submitted the well report to the state for the first 24 months of production or until well payout which ever comes first.  Good luck.

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