Unit Size

How many acres comprise a unit for the completed gas wells? And what is the usual owners' share for royalty payments?

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Permalink Reply by JWS3 on June 16, 2008 at 18:29

Units are typically 640 acres for vertical wells, there will be a lot of horizontal wells in the Haynesville play, units could be 1,920 acres. Royalties in the hot areas are running 20%

W.

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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