Utica / Point Pleasant Royalties Per Month

Hello All, question:  How much money per acre/per month are these folks in Carrolton county getting for their royalties?  I know all wells will be different, some with wet gas, others containing oils.  I'm just looking for a good average.  I'm only 29 years old and sick of working...  trying to determine if I can quit my job now...  Hopefully they don't hit a dry well behind me.  (of course, I'm kidding)

I'm in Southern Mahoning County, but I want info from Carrolton Co.  

Cheers! 

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Permalink Reply by Paul Martinelli on July 27, 2012 at 3:09pm

Butch,

 

So you have 5 wells.

 

What type are they,,,,to what formations?

 

What is the approximate per acre/per month income for them?

Permalink Reply by Marcus Grayson on July 27, 2012 at 3:15pm

Assuming that the unit is only 100 acres and that he owns the whole 12.5% royalty that's 20,800mcf/d.  You need to post more information because that seems pretty unlikely.  

Permalink Reply by Butch Ratell on July 29, 2012 at 6:10am

20% ROYALTY PLUS OIL UTICA WILL MAKE 10 MILLION A DAY CUBIC FEET GAS PLUS OIL THE OIL COMPNAIES ARE NOT PAYING OUT 20% AND 5900 UPFRONT MONEY FOR A CRAPPY WELL BROTHER.

Permalink Reply by Marcus Grayson on July 30, 2012 at 9:40am

The Buell well made just under 7,700mcf/d.  That comes nowhere close to your imagined numbers.  

Permalink Reply by patrick on November 30, 2012 at 9:06pm

Gosh, I love you man.

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