Replies to This Discussion

Permalink Reply by Bryan on August 22, 2012 at 12:22pm

The question of dollar amount per acre isn’t a black and white question, it depends on numerous factors, but with that said here is my projection.

From my personal experience with two wells in Carroll County that we will see an average per acre of $300.00 per acre over the first two year period on an average.

Both units I have been receiving checks on have pipelines connected, no idea if the wells are choked back.

Wells are on different pads in different townships.

I hope I'm wrong and we see 1k plus per acre , but I have five months and three months of checks on two wells that say different.

Also , the press releases of the 24 hour flow rate on these wells are just that a wide open 24 hour period that doesn’t mean the well can or will do that for 30 days in a row. At least my checks don’t agree with the press releases on the two wells I’m in. If you do the math on the 24 hour flow rate you get numbers that blow your mind.....you will be disappointed.

Whatever it is it's exciting.......

Permalink Reply by TM on August 22, 2012 at 12:28pm

Good points Bryan. If I may ask how many acres do you own and at what royalty percentage? It is mind blowing figuring royalties at the 24 hour flow rates but the monthly checks will doubtfully be those amounts.

Permalink Reply by Bryan on August 22, 2012 at 2:33pm

28 acres in a 184 acre unit 12.5% and 84 acres in a 169 acre unit 17.5%. Both are Gross.

Average Price of Sold Item:

Oil  90.26

Gas 1.54

NGL  1.14

Everything has imprvoed every month, but this is the average.

Permalink Reply by Bluflame on August 24, 2012 at 8:06am

Bryan,

   First honest-to-goodness account of Utica royalties I have seen. Be interesting to know if the experience of others mirrors yours.

Thank you,

BluFlame

Permalink Reply by Larry on August 22, 2012 at 8:30pm

Thank you for a real answer it is greatly appreciated.

Permalink Reply by Swift on August 23, 2012 at 2:26am

Yes, thank you very much Bryan. Do you know horizontal legs are there running through each unit?

Permalink Reply by Bryan on August 23, 2012 at 5:49am

Yes, both wells have horizontal wells drilled by CHK.

Permalink Reply by Jeremy on August 23, 2012 at 4:45am

Bryan,

The $300/acre is per month and not total for the 2 years, correct?

Permalink Reply by Bryan on August 23, 2012 at 5:46am

Correct

Permalink Reply by Swift on August 23, 2012 at 6:55am

Bryan,
Has CHK added more than one horizontal to either unit?

Permalink Reply by Bryan on August 23, 2012 at 10:20am

NO, planned for 6 , but only one drilled and producing.

Permalink Reply by PK on August 23, 2012 at 5:22am

Bryan,

$1.14 for NGLs? What is the unit of measure?

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