Replies to This Discussion

Permalink Reply by DPS on June 12, 2010 at 6:52

Bill R,

How long after you returned your Division Order did royalty payments start arriving?

Permalink Reply by adubu on June 12, 2010 at 8:41

check your lease wording-- generally 90-120 days (unless delayed due to title conflict opinion by attorney--which would delay division order issue) from when well flowed to pipeline to sales --then after that each check reflects sales from about 6-7 weeks prior i.e. end of May sales will be in July's check etc

Permalink Reply by DJG on June 12, 2010 at 9:02

Keep in mind that the first check will be the largest, as it will generally reflect the first 2-3 months of sales to pipeline and everything thereafter will be for 1 month period and (unless the well has been very tightly choked) you will also be hit by the steep decline curve on these shale wells.

That said, don't spend all of that first check with the assumption that all of the subsequent checks will be anywhere near that same $$$ figure...

Permalink Reply by Bill R on June 12, 2010 at 16:40

Yep, that is exactly what happened on two of the well, big initial check, then about 30% of the initial amount from then on.

Permalink Reply by Bill R on June 12, 2010 at 16:32

Right at the 100 day mark with Southwestern...

Permalink Reply by CE on June 18, 2010 at 18:12

Did you get your division order for your interest in the Whitton? Still waiting for ours.

Permalink Reply by Bill R on June 18, 2010 at 20:19

Nothing yet... and my Aunts are driving me crazy!!!
All three of them... my Moms sister and two Great Aunts call every night to see why they have not heard anything yet. I want to hear anything, just so they stop - LOL

Permalink Reply by DPS on June 19, 2010 at 1:39

Hello CE.

Yes, our was on the Whitton.
My brother in law got his this past Monday.

Permalink Reply by Lorissa Gail on July 27, 2010 at 13:42

Have you received your division order on the Whitton yet?

Permalink Reply by DPS on July 27, 2010 at 13:49

Hi Lorissa Gail,

Yes, our division order was on the Whitton and Monday we got our first check. Not much but it's free money.

Permalink Reply by Lorissa Gail on August 5, 2010 at 3:32

CE and Bill R,

Have you received your division orders on the Whitton?

Permalink Reply by DJG on June 21, 2010 at 16:18

Lease Name: WHITTON GAS UNIT, Lease No: 255543, Well No: 1H
County Statewide Onshore
Lease Production and Disposition
Jan 1993 - May 2010

Date GW Gas (MCF) Condensate (BBL) Operator Name Operator No. Field Name Field No.
Production Disposition Production Disposition
Mar 2010 120,592 120,592 0 0 DEVON ENERGY PRODUCTION CO, L.P. 216378 CARTHAGE (HAYNESVILLE SHALE) 16032300
Apr 2010 109,927 109,927 0 0
May 2010 NO RPT NO RPT NO RPT NO RPT
Total 230,519 230,519 0 0

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