Oil & Gas Pro

Royalty

could some one tell the what my  royalty interest would be in this unit.

 

I own 2 net mineral acres in a 148.24  acre tract. The unit is a 645 acres. The well has produce 434, 000 mcfs   what would my first check be.  The gas was sold at 4.00  

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Oil & Gas ProPermalink Reply by jerry smith on January 24, 2011 at 4:32
I for got my royalty is 1/8
Permalink Reply by Linda Whatley on January 24, 2011 at 4:38

Here's a link to a calculator you can use to figure your estimated royalties:

 

http://geology.com/royalty/


landownerPermalink Reply by JeffNParis on January 26, 2011 at 3:52

Hey Linda,

I've read some of your posts and know that you are already getting royalties....I'm interested to know if this royalty calculator seems to be 'ringing true' to what you are receiving. The royalty calculators I've used (one is an Excel sheet that I got off this site) indicated the amount to be half of what this calculator indicates. I realize this calculator probably doesn't figure in the decline curve. Anyway, just wondering what your experience has been with this or other calculators.

Thanks!

JeffNP

Permalink Reply by Linda Whatley on January 29, 2011 at 11:20

Hey JeffNParis,

 

If you know the price of gas and amount of production for a given month, then yes, you can rely on the calculator.  There is another calculator located at  www.shalebiz.com that will allow you to figure your monthly royalty.  I like using that one!

 

Linda 

Permalink Reply by Linda Whatley on January 29, 2011 at 11:20
Good luck with your well!!!!!!!
Permalink Reply by jffree1 on January 24, 2011 at 4:39

(2 / 645 x .125)  x (434,000 X $4.00)

0.00031 X .125   x  $1,736,000.00

.0003875 x $1,736,000.00

$6727.00 gross


Oil & Gas ProPermalink Reply by jerry smith on January 24, 2011 at 4:43
jffree  it is 1/8
Permalink Reply by Linda Whatley on January 24, 2011 at 4:49

Jerry,

 

Congratulations on getting a well!!!!.......  Your first check will probably be for several months production. 

 

 

 


Oil & Gas ProPermalink Reply by jerry smith on January 24, 2011 at 5:01
Thanks everybody for your help , you guys are a lot of help and again thank you

landownerPermalink Reply by FXEF on January 24, 2011 at 6:30

jffree1,

 

I believe there's a typo in the gross figure. 

 

Should read: $672.70 gross.

Permalink Reply by jffree1 on January 24, 2011 at 7:13

Thanks for catching it, FXEF. 

Jerry,  my final figure would be incorrect because the decimal point is in the wrong place. 

 

 


Oil & Gas ProPermalink Reply by jerry smith on January 24, 2011 at 8:28

so it should be 672.70 is this correct

 

thanks jerry

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