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Permalink Reply by Linda Whatley on January 19, 2011 at 11:11

Lalla Allen,

 

I'm receiving $330 to $375 per acre.

 

Linda 

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Permalink Reply by VSC DeSoto South on January 19, 2011 at 12:27

Thanks for the info. Good to know.

One day in the next 90 I expect to receive a royalty check, so if you don't mind me asking, what rate of , production for your well or wells (how many), and what $$ did they sell the gas, per mcf?

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Permalink Reply by Linda Whatley on January 19, 2011 at 19:03

VSC DeSoto,

 

Don't mind at all.....   I'm receiving royalties on one well in the southern part of DeSoto Parish (Naborton area)  - volume is averaging between 8 & 9 million a day.  Price is ranging from $3.97 down to $2.96.  My lease is with chesapeake, so gas prices are probably lower than what others are paying.  

 

I also receive royalties on a small lot here in Stonewall.  It's the Virginia Packert 6H well, and it's been flowing at a pretty good rate, so the amount of royalty per acre is much better.  It's been in production since July 2010.  Total monthly production for July was 543,947 mcf, August 465,865 mcf, and Sept. 409,912.17 mcf.  Gas prices range from $4.56 in July, $4.43 in Aug, and $3.59 in Sept.  My lease is with Chesapeake, but Encana is the operator, thus the higher gas prices.

 

Hope this info helps!

     

 

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Permalink Reply by Linda Whatley on January 19, 2011 at 19:05

Good luck VSC DeSoto.....  I hope you get a big fat check real soon.

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Permalink Reply by VSC DeSoto South on January 20, 2011 at 7:16

Thanks for the information. I am looking forward to it, still hard to believe, so I will be relieved to actually see a negotiable instrument I can take to the bank.

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Permalink Reply by Linda Whatley on January 20, 2011 at 7:25

VSC DeSoto,

 

Yes, it is hard to believe.  I just thank God everyday for this wonderful blessing.   

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Permalink Reply by Linda Whatley on January 20, 2011 at 6:18

Yes..

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Permalink Reply by Lalla Allen on January 20, 2011 at 6:22

Is that amount per month? How long did it take to get your first check? Thank you for the info.

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Permalink Reply by Linda Whatley on January 20, 2011 at 6:25

Yes it's per month.  The naborton well went online in July 2010, and I received my first check on November 1st.  The first check was for three months production.  The other well took about the same time before royalties started coming in.

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Permalink Reply by Lalla Allen on January 20, 2011 at 6:38

Thank you so much. They just took the well down about 2 weeks ago. I hope we will receive royalties.

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Permalink Reply by Linda Whatley on January 20, 2011 at 6:44

Good luck with your well.....  hope it's a good one!

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Permalink Reply by Linda Whatley on January 20, 2011 at 7:34

Lalla,

 

My cousin has a well in the northeastern part of DeSoto Parish.  The production on his well is not as great as mine, so his royalties are averaging somewhere between $100 to $200 per acre each month.

 

Again, good luck with your well.

 

Linda 

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