#241331 is not yet reported complete and turned to sales. UMO's in this unit will receive income after the well production has returned the operator's initial well costs. Until we can see some production reports, it's impossible to guesstimate when that may be. Are you familiar with the mineral code as it applies to Unlieased Mineral Owners? You may wish to read the information in this group.
I did write a them and received a report on the well.
The well is completed.
All they sent were the cost of everything pretaining to the well and the final cost amount of the well. But nothing about the production or sales.
Some of the leased ones have received checks from them . So I was thinking they must be selling the gas also.
I think I will write again to them and ask for production reports. I did this time but will do it again.
Thank you for sharing .
The well cost is only part of the story, there will be monthly operation and supervision costs as well.
Also, i am not sure the royalty burden would matter. As a UMI you would get your pro-rate share of the units TOTAL production. This would of course be applied to your share of well drilling, completion, operating, and supervision charges.
It is important to request a monthly statement.