Figuring out payment...

Greetings. Can anyone help me figure out how to calculate a royalty payment if our well came in at 6940 mcf? How do I convert mcf to the Mmcf per day that most royalty calculators ask for? Thanks.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on July 11, 2011 at 3:51
6940 mcf = 6.94 mmcf.  When you see mcf, think three zeros.

landownerPermalink Reply by Henry on July 11, 2011 at 3:56

Frank,

mcf = thousand cubic feet

mmcf = million cubic feet

So 6940 mcf well equals 6.94 mmcf


Oil & Gas ProPermalink Reply by The_Baron on July 11, 2011 at 10:26
Keep in mind most royalty calculators do not account for decline

landownerPermalink Reply by Ken Boone on May 15, 2012 at 18:30

So 218697 mcf would convert to be 218.697 mmcf?

So now do you have to divide the 218.697 by 30 days to get the mmcf per day? So would this equal 218.697/30=  7.289/day?

Is the 7.289 the number you have to put into the gas calculator?

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