"Well dbob spoiled my fun. Remember in my first post I said the key was mcf not cubic feet and told you to figure it out. You were so busy educating me that you never stopped to think you were espousing ridiculous numbers that were inflated by a…"
"Skip I will try a different tact. Assume the gross price per mcf is 2.00. The royalty owners are assumed to receive 25 percent or fifty cents per mcf. This is 5 times your half a billion dollars for 10 cents profit. the royalty owners would…"
"Skip your numbers seem a little high. At 10 cents profit per mcf to make a half billion dollars on 4 wells just think what a company could make if the price goes up and you make 50 cents per mcf. The key word is per mcf not cubic feet. Figure…"
"Jay,being an old aggie petroleum engineer who has sold all of my production but have shale royalties, I think skip is working too hard to defend his environmental position that is contrary to the original intent of this site. "
"I never post , but am an old long time professional oil operator with royalty in the texas side of the shale. I follow this site for shale input and data, but I am about to give up with the content of this site. Is this an environmental greenie…"
Hello! I hope the site is a place for to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. We now have over 10,000 members.
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