Royalty amounts started out at 692.00 per acre per month 4 months ago. Its down to 153.00 per acre per month.Thats 1/8 on 2 horizontals.
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At the current rate for all we know they we're mildly choked at $692 per acre or was held up by infrastructure. True numbers will be revealed once pipeline is set I bet.
Total speculation on my part but it makes sense (I think lol).
Bill,
I'll be reporting my numbers in a couple of weeks on the Harrison County webpage. Some factors that are affecting the production on my wells include a serious fire in a midstream production facility that occurred approximately 3 months ago. That facility is still restricting deliveries. Also, my operator recently throttled back production so they could install plunger pumps. I'm blessed that my operator keeps me informed-Thank you Atlas!
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