How long does it take

Just wondering if anyone knows how long it takes from the start of drilling till royalties?

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Permalink Reply by James Foster on August 31, 2014 at 2:15pm

It varies widely I think but for us it was a year and a half.  Our well was drilled in spring 2013.  We had no pipeline.  That was installed spring 2014 and we received our first royalty check for q/2 of Mar, April, May around July 31.  Should get one month check from now on around the first.

Permalink Reply by joe on August 31, 2014 at 2:22pm

Thanks,

Permalink Reply by joe on August 31, 2014 at 2:20pm

pipeline is already in place they started drilling in April of this year

Permalink Reply by James Foster on August 31, 2014 at 2:38pm

Do you have a processing facility nearby that is processing gas from other wells?  I would expect considerable less time than a year and a half if you have infrastructure in place already.

Permalink Reply by joe on August 31, 2014 at 7:12pm

Yes the processing facility is nearby, I was hoping by spring they would be producing,

14xt4y4cj053cPermalink Reply by 14xt4y4cj053c on September 2, 2014 at 4:50pm

We have production numbers from April, May and June and Ryan Swyden from CHK wrote me that the check would be sent the end of Sept.  We were permitted in May of last year.  We are in North Twnshp, Harrison county

Permalink Reply by JULIA SUDYLO on September 2, 2014 at 8:56pm

About six months if I remember correctly.

14xt4y4cj053cPermalink Reply by 14xt4y4cj053c on October 6, 2014 at 3:03am

It took me six months from the productions start then I got a check for four months.

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