Can anyone explain to me exactly how to translate what Sonris lists under daily production... for example, it might show this figures 50423 as (MCF) per day... what would that translate into as far as what typical online royalty calculators would need or use to calculate an approximate royalty figure...??
Hey, Fran. You have to be careful with the production data on SONRIS. First off, the 50,423 MCG is not per day. It is cumulative production for the month(1,680.77 MCF per day). And SONRIS lumps production figures together by unit. If there is only one producing well in the unit, the production figure is for that well only. If, and when, there are alternate unit wells in the unit, their monthly production will be cumulative. Not by well.
I've attached a word document with a screen shot snippet from one well on sonris... this information comes up when you select the serial number from a particular well. There is only one well on this particular section.