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  

Views: 294

▶ Reply to This

Replies to This Discussion

Permalink Reply by jffree1 on January 24, 2011 at 9:07
That is the correct figure, Jerry, and I apologize for making such a dumb mistake.  I just didn't put enough zeros in when I entered ".003875".  There should have been 3.
Permalink Reply by jerry smith on January 24, 2011 at 9:13
N
Permalink Reply by PamelaC on January 25, 2011 at 21:07

Jffree1,

 

Tut, Tut.. Are you sure you are not as mathmatically challenged as I am. LOL!

Permalink Reply by jffree1 on January 26, 2011 at 3:02

I did apologize... and I can only claim that I fail at multi-tasking, LOL!

Permalink Reply by Linda Whatley on January 26, 2011 at 3:26

That's exactly why I use the online calculator!!..... LOL

Permalink Reply by Linda Whatley on January 26, 2011 at 3:28
The calculator will give an annual estimate....... 
Permalink Reply by The_Baron on January 26, 2011 at 4:03
They only problem is it will not take into account decline, which with a HA well is very steep.
Permalink Reply by Linda Whatley on January 26, 2011 at 4:07

I don't rely on the annual estimate............. just divide by 12 and you get a pretty accurate estimate of what one month's royalty check will be at current price and production 

Permalink Reply by Linda Whatley on January 26, 2011 at 7:48

Hey Gang,

 

There's a royalty calculator on shalebiz.com that calculates daily, weekly, monthly, and annual projected income. 

Permalink Reply by Jeri Lynn Williamson on January 26, 2011 at 3:40

You have helped me before.  Where can I get monthly production reports for  these wells:

1.  Clark

2.  Blount

3. Steadham

4.  Blue

Also, when can we expect division orders and when did they start producing?

Permalink Reply by ALongview on January 26, 2011 at 3:44
I posted the Clark 1st month production in the San Augustine group. The Blount and I believe the Steadham just reported IP test and I haven't seen anything on the Blue but do not believe anything has been reported.
Permalink Reply by jffree1 on January 26, 2011 at 3:59
Jeri, you can go to the "RRC of Texas Help Center" to find instructions for locating production reports.

RSS

Support GoHaynesvilleShale.com

Top Content 

1 Comstock October Presentation

Comstock October Presentation
2 Authority for Expenditure

Authority for Expenditure
3 Pending Public Oil and Gas Hearings

Pending Public Oil and Gas Hearings
4 Unleased Mineral Interest

Unleased Mineral Interest
5 Alarm Bells Are Ringing

Alarm Bells Are Ringing
6 Arkansas Smackover Lithium Play

Arkansas Smackover Lithium Play
7 For Erica Woodward

For Erica Woodward
8 How EVs are changing the future of oil demand - IEA

How EVs are changing the future of oil demand - IEA
9 Request to GHS.com Members

Request to GHS.com Members
10 Arkansas Royalty Hearing video

Arkansas Royalty Hearing video

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service