Replies to This Discussion

Permalink Reply by Mister Sunday on October 29, 2022 at 2:54

Okay, I see the reason for the volume. It has a 33/64 choke.

Permalink Reply by Rock Man on October 29, 2022 at 6:10

Tons of pressure here - even on this large choke, over 5000# flowing pressure coming out of 5.5" casing. And shut-in pressure over 10,000#. This well will make over 20 MMCF per day for some as it strives to reach payout for the operator (and big royalty checks for mineral owners).

Permalink Reply by Mister Sunday on October 29, 2022 at 9:24

I would just like to see anything getting sold out of this unit. Haven't produced any for over a year now.

Permalink Reply by Chloe on October 29, 2022 at 7:34

When you say “Big” way is approx $$$ amount that you consider big ?

Permalink Reply by Chloe on October 29, 2022 at 7:35

Was suppose to say what. Not way. I don’t see how to edit comment

Permalink Reply by Rock Man on October 29, 2022 at 7:45

Assuming 25 MMCF per day at $7.50 per MCF gas price for 30 days is grossing $5.625 Million per month.

Assuming 22.5% royalty interest average across the unit, this works out to $1,265,000 paid out royalty owners for this theoretical month.

Note this total is prior to any deductions for production related costs (hoping royalty owners have cost free leases).

Individual mineral owners' totals will be based on their proportionate share within the production unit for the well.

Permalink Reply by Rock Man on October 29, 2022 at 7:46

There will be an "edit" work and icon that pops up under any posting - gives you 15 minutes to make edits and re submit comments

Permalink Reply by Skip Peel - Mineral Consultant on October 29, 2022 at 8:19

Right, Rock Man.  After that there should be a small x in the upper right hand corner that allows you to delete the reply.  You can cut your original reply before you delete.  Then paste it in a new reply box and make the correction before hitting Add Reply.

Permalink Reply by Rock Man on October 29, 2022 at 8:59

I consistently am editing and changing my posts. Hate typos and tend to "forget" some items I want to include. LOL

Permalink Reply by Chloe on October 29, 2022 at 8:46

Thanks, I was hoping for the millions I heard some made in the beginning of Haynesville! I will poke around for delete and edit. I only see reply so far but this phone messes with my eyes!!!

Permalink Reply by Mister Sunday on October 29, 2022 at 9:36

I think most of that was people with large swaths of land getting big bonus monies. No, it was also $12 to $14 gas.

Permalink Reply by Skip Peel - Mineral Consultant on October 29, 2022 at 9:50

The lease bonuses in E TX never equaled the silly land rush in LA.  Competition in the early days meant bonuses in the $2.5K to $7.5K range and everyone was getting a quarter royalty.  The hang over from that over spending lasted for a decade with low natural gas prices.  A lot of those early companies have sold out and left the Play.  Anyone considering a lease today should not let what happened in 2008/early 2009 inform their expectations.  That being said, there is no such thing as a "going rate" as much as we wish it was that simple.  Each situation is unique, the only difference now is the lack of competition for leases.  Good gas prices will help make up for those low price years probably for the next year, IMO.

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