outrageous royalty

We live around the Somerton area of Belmont county, they will start drilling soon. Talk around here is that we should expect to get $500.00 an acre,they that is the least we will get for the royalty paid from the well,but this is just a rumor, talk around here. Is this crazy or what, has anyone heard of this payout?

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Permalink Reply by Linda Masters on September 10, 2013 at 8:15am

THEY SAY ANYWHERE FROM 100.00 to 1000.00 per acre per month. However it all depends on the agreement you signed. Don't spend it till you get it!

Permalink Reply by Jibjab on September 10, 2013 at 11:29am
It also depends on how many days the unit is running... If there are good pipelines in place... Or if they have to truck out the fluids.... How many legs on the well... How long the laterals are.. It's a total crapshoot...
Permalink Reply by Tony Yurina on September 10, 2013 at 9:55pm

The royalty sum is contingent on many  factors.  Your acreage contribution to the unit, the total acreage in the  unit, the number of wells completed and produced, and how much each well makes each day for the 30 day month.  One last item, possible market enhancement / post production cost deductions, only if that is applicable to your lease arrangement. 

Permalink Reply by TM on September 10, 2013 at 10:27pm
Most on here figure the royalty money wrong. Without ever knowing your decimal interest in the unit you can't really know. Way too many variables to take into account.
Permalink Reply by catt on September 10, 2013 at 10:34pm

I agree with you TM.........too many variables to get an accurate dollar amount.  I did hear that Gulfport is planning several  more well pads in that area soon. So this is good!!!

 

Permalink Reply by Mark Y on September 11, 2013 at 1:47am

I agree with all of you, but that is the talk around here. I tell them till that well is drilled and producing and if they use the gas and you have a check in your hand the you will know.

Permalink Reply by robert c miller on September 16, 2013 at 3:43pm

My royalties were calculated with the following factors.The current price of gas.The number of people in my unit and the percent agreed to when we signed the lease.I had to wait  5 months for  payment .

Permalink Reply by TM on September 16, 2013 at 3:57pm
Robert do you mind sharing how many acres you have in the unit and how much you make per acre per month on your royalties?
Permalink Reply by robert c miller on September 16, 2013 at 7:34pm

22 1/2 acres and the unit is approx 1200 acres.I will send the details to you after you accept me as a friend  in your personal section.

Permalink Reply by TM on September 16, 2013 at 7:37pm
Ok thanks Robert. I accepted your request.
Permalink Reply by evan on September 16, 2013 at 7:57pm

Ok TM accept me as a friend  and share with me please. Just kidding. Im gonna be in a unit which is being drilled in a week or so and anxious to hear what amounts might be in the ballpark. Unfortunately im dealing with chesapeake

Permalink Reply by TM on September 16, 2013 at 8:09pm
Good luck Evan. What county are you in?

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