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.
So you have 5 wells.
What type are they,,,,to what formations?
What is the approximate per acre/per month income for them?
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.
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.
The Buell well made just under 7,700mcf/d. That comes nowhere close to your imagined numbers.
Gosh, I love you man.