Broadmoor Area

Just received my 3rd letter from Twin Cities offering 5,500 and 1/4. Trashed it like the other 2.

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Permalink Reply by Charles on July 28, 2008 at 13:21
What is the average royalty one can expect for a 1/4 acre? I mean it can't be much. What is it, like $50 a month per well, or something like that? Does it change depending on how many wells are on the 640 acres? I am wondering if it is worth getting worked up about for such a small bit of money every month. I sure wish I had an acre or two.
Permalink Reply by Renee S Cd1 on July 28, 2008 at 16:01
Charles, Get on Randy's personal page and ask him, he's a land man. He's our "go to" guy on here, or at least mine. Somebody might help us here. I know enough to be dangerous. We won't be the Beverly Hillbillies, like Tom Dark said at one of the City meetings, but it'll be gas money. I've left several meetings wishing I had some acreage.
Permalink Reply by Renee S Cd1 on July 29, 2008 at 19:37
Charles, Kassi gives a great explanation of how royalties are figured on the thread "Being cast into a pool when no one has made you an offer seems unfair".
Permalink Reply by RAY on July 30, 2008 at 2:45
go to the following website and have fun plugging in some figures

Royalty Calculator:
http://geology.com/royalty/

you might want to add the site to your Favorites!
Permalink Reply by Iris on July 30, 2008 at 5:53
Thank you...this is fun...
Permalink Reply by Cathaus on July 30, 2008 at 5:56
Get those dollar signs out of your eyes!
Permalink Reply by Iris on July 30, 2008 at 10:45
Not to worry---tigers have their eyes on environment 1st...
Permalink Reply by DrWAVeSport Cd1 on July 30, 2008 at 10:52
Per confirmed info: Homeowners on Overlook Drive in Southern Hills signed for $20/per acre and 25% royalty. FYI
Permalink Reply by sesport on July 30, 2008 at 17:02
Okay, is that twenty dollars/acre or a typo?

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