Replies to This Discussion

Permalink Reply by GERRY RAINS on September 1, 2010 at 6:56

We have a piece of a well in Sec. 18 t9n r11w that started producing in July(according to on-site operator), but has not been state potentialed as of 8/30/10. Is that similiar to what you went thru? Any idea who to call( I talked to Frank moore on Aug 20--)?

Permalink Reply by Donna Thornton on September 2, 2010 at 4:52

It generally takes 3 mos. to begin receiving royalty checks. Even more if who you are leased to is not the driller or operator and whether they (your lease co.) are participating. Also, Sonris runs way behind. They seem to be quick about posting permitted wells, but other info is slow. This is possibly due to slow reporting from the operating company.

Permalink Reply by EFree on June 30, 2010 at 15:11

This is my brother's discussion.
The fractions they used are 1/2 x 1/24 x 3/16 x 49.9/638.62
Total Acres in Unit 638.62
Your Acres in Unit 49.9 which we have a 1/24 interest in
Your Royalty % 3/16 or 18.75%
EnCana/Shell Total Acres in Unit I'm not sure on this one
I hope you and my brother don't mind me answering.

Permalink Reply by Charles Free on June 30, 2010 at 15:27

Butt out sis...just kidding...I know you type faster than me...lol

Permalink Reply by EFree on June 30, 2010 at 15:29

I looked for you online first and didn't see you online. I thought I'd help you get an answer sooner. I sure hope you are right

Permalink Reply by Henry on June 30, 2010 at 23:23

A dumb idea.... Is it possible that the two companies use different dates for each month? E.g., does one company's accounting go from the first to the last of the month and the other company's go from the 15th to the 15th (or some such thing)?

Permalink Reply by Donna Thornton on July 1, 2010 at 5:08

Not such a dumb idea. Kind of like TXU reading meters on the 15th and SWEPCO reading on the 21st. This would explain the difference. Also, I am thinking that possibly the 103K and 133K mcf/btu readings is the same reading, just at different dates. That would make the figures for 1/2 come out right. But that would not explain the different prices which appears to be totally separate sells. Charles, are there 2 producing wells in this section? I took pics a few weeks ago of all the wells in the area. I need to pull them up and look at them again. What is the name of this well?

Permalink Reply by Charles Free on July 1, 2010 at 5:37

Donna, the production/month for both statements are 4/10. This is the Hallie Litton in S11-T9N-12W. I recieved the 2 checks within 2 days of each other. This is for sales in April. I made calls to both companies and I'm waiting for their accounting people to call me.

Permalink Reply by Les Bamburg on July 1, 2010 at 5:22

Henry, natural gas is sold and accounted for on a calendar month basis. Each company (EnCana & Shell) markets their gas separately and therefore can schedule different volumes for sale in the month. This is also the reason for the different gas sales prices.

Permalink Reply by Charles Free on July 1, 2010 at 5:39

That is the way I am seeing it Les. Maybe each company is awaiting some kind of statement from the other before sending us checks???

Permalink Reply by Pelican on July 1, 2010 at 6:03

SWEPI has a 57% interest (approx)in the well. EnCana the rest(43%). That is probably why you are seeing the difference in pay volumes from each.

Permalink Reply by Charles Free on July 1, 2010 at 6:16

Oky, but I should still be recieving full royalty for each sale, not half.

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