Replies to This Discussion

Permalink Reply by David Perotto on July 2, 2014 at 11:09am

Noble County, 9 out of 10 top producing wells! Impressive results.

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Permalink Reply by Booger on July 2, 2014 at 11:28am

impressive IP's...........but many are high on initial production.......still, impressive.

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Permalink Reply by Rene Oldham on July 9, 2014 at 2:31pm

How do the $$ production per day translate into the owners royalty?  Is there a rule of thumb used to calculate?

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Permalink Reply by Dexter Green on July 9, 2014 at 2:34pm

12.5% minimum, maximum that I've seen (in general) is 20%.  So there's a pretty big disparity between them.  Best to go with the 12.5% minimum and use the lowest of the possible numbers.

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Permalink Reply by Booger on July 2, 2014 at 11:27am

these are the top 10 with full qtr production (80 days or more).

COUNTY	TWP	NAME	#	OIL/DAY	GAS/DAY	$/DAY
HARRISON	MOOREFIELD	RYSER	3-25H	500	3238	$62,994
MONROE	GREEN	TIPPENS	6HS	0	13972	$55,888
GUERNSEY	RICHLAND	RECTOR	1-H	509	0	$50,930
MONROE	SENECA	GARY UNIT	2H	0	12398	$49,591
BELMONT	KIRKWOOD	SHUGERT	3-1H	19	11290	$47,025
BELMONT	SOMERSET	MCCORT	2-28H	3	11667	$46,975
BELMONT	SOMERSET	MCCORT	1-28H	1	10933	$43,810
HARRISON	MOOREFIELD	RYSER	4-25H	323	2603	$42,664
BELMONT	MEAD	KALDOR	1H	0	10606	$42,426
HARRISON	MOOREFIELD	BKSTEPHENS	3-16H	258	3335	$39,123

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Permalink Reply by Booger on July 2, 2014 at 11:34am

top 12 oil producers with full qtr production...

COUNTY	TWP	NAME	#	OIL/DAY	GAS/DAY
GUERNSEY	RICHLAND	RECTOR	1-H	509	0
HARRISON	MOOREFIELD	RYSER	3-25H	500	3238
HARRISON	MOOREFIELD	RYSER	4-25H	323	2603
GUERNSEY	WILLS	DETWEILER	3H	276	1143
HARRISON	NORTH	REESE/CRAMBLETT	5H	258	555
HARRISON	MOOREFIELD	BK STEPHENS	3-16H	258	3335
GUERNSEY	WILLS	COMMISSIONERS	2H	229	740
GUERNSEY	WILLS	COMMISSIONERS	3H	227	756
HARRISON	MOOREFIELD	RYSER	2-25H	216	1702
GUERNSEY	WILLS	DETWEILER	2H	215	918
HARRISON	NOTTINGHAM	BOY SCOUT	2-33H	214	1120
NOBLE	SENECA	MILEY UNIT	2H	204	1962

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Permalink Reply by Booger on July 2, 2014 at 11:38am

top 12 gas producers with full qtr production...

COUNTY	TWP	NAME	#	OIL/DAY	GAS/DAY
MONROE	GREEN	TIPPENS UNIT	6HS	0	13972
MONROE	SENECA	GARY UNIT	2H	0	12398
BELMONT	SOMERSET	MCCORT	2-28H	3	11667
BELMONT	KIRKWOOD	SHUGERT	3-1H	19	11290
BELMONT	SOMERSET	MCCORT	1-28H	1	10933
BELMONT	MEAD	KALDOR	1H	0	10606
BELMONT	KIRKWOOD	SHUGERT	4-1H	8	8713
BELMONT	RICHLAND	LUDE # 1H-34	1H-34	0	8071
HARRISON	ATHENS	WAGNER	3-28H	6	7185
HARRISON	ATHENS	WAGNER	2-28H	15	6563
MONROE	FRANKLIN	WOLF PEN	3H	0	6358
MONROE	SENECA	ET RUBEL UNIT	2H	2	6110

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Permalink Reply by Puzzled on July 2, 2014 at 12:40pm

what is the gas per day measured in?

million cubic feet per day?

or?

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Permalink Reply by Booger on July 2, 2014 at 12:45pm

MCF..........but they lump all NGL's in with that number.......this is how it is reported to the state........I have no idea how they convert liquids to MCF..........so the $ calculation is likely low. 

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Permalink Reply by Booger on July 2, 2014 at 1:28pm

other SUPER wells with less than 80 days production....

COUNTY	TWP	NAME	#	DAYS	OIL/DAY	GAS/DAY	$/day
NOBLE	SENECA	NEUHART UNIT	3H	64	767	6195	$101,431
NOBLE	SENECA	COAL UNIT	3H	68	630	6363	$88,433
NOBLE	SENECA	COAL UNIT	2H	59	596	7355	$89,022
NOBLE	SENECA	MILLIGAN UNIT	2H	74	468	4742	$65,793
NOBLE	SENECA	SCHEETZ UNIT	3H	32	981	10011	$138,096
BELMONT	WASHINGTON	IRONS	1-4H	79	0	13346	$53,403
NOBLE	SENECA	MILLIGAN UNIT	3H	74	374	4719	$56,291
BELMONT	WASHINGTON	IRONS	2-4H	76	0	12754	$51,018
NOBLE	SENECA	MILLIGAN UNIT	1H	74	351	3237	$48,095
BELMONT	UNION	FAMILY	3-32H	76	26	10522	$44,638
BELMONT	UNION	FAMILY	1-32H	76	22	10519	$44,234
NOBLE	SENECA	SCHEETZ UNIT	2H	35	687	6223	$93,589

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Permalink Reply by 0ym9x5ag7ury2 on July 7, 2014 at 10:27pm

Booger,

    When I look at the ODNR website for the production data, I don't see the $/day column that's in your info. It's good information for confirmation of royalties paid. Did you calculate it?

A new well just paid out Royalties and everyone got negatives in front of the wet gas production which apparently has been subtracted from the oil and gas positive values. Is this another way to cheat the land owner or a possible error?

What's wet gas worth these days on the open market?

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Permalink Reply by Booger on July 8, 2014 at 10:26pm

Ron - the $/day is just a simple calculation multiplying the oil by $100/bbl and the gas by $4/mcf.........the NGL's are reported in MCF but I don't know how they convert.......so the numbers could be conservative............but I have seen this same calc used in industry presentations..........not exactly accurate, but the easiest way to get a quick look at general $ values.

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