Number of wells per production unit.
Question. Does the amount of wells producing on a 640 acre production unit increase the amount of royalties paid out to a person who's land is in that particular unit? Scenario: I have 20 acres in a unit of 640 acres containing 20 wells on the whole unit. The wells are each producing at or above 5mill mcfs a day. Will I be paid a royalty from each producing well?
Views: 30
Replies to This Discussion
-
Permalink Reply by The_Baron on -
Every leased landowner in a unit will receive royalties on their pro-rata share of all the production in a unit. (20 acres in a 640 acre unit = 0.03125%). Your royalties will be the percent of the unit you are by the royalty you negotiated on your lease.
-
Permalink Reply by Margaret Wren on -
I have royalties in Bossier parish (LCV) sec36 t17n 11w there are 15 producing wells, I get royalties from all of them! It looks like a 16th is going to be drilled, as they have cleared and prepared another site. We will see....
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
Franklin County, Texas
9 members
-
Cass County, TX
120 members
-
Rusk County
97 members
-
Livingston Parish, LA
34 members
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
