Royalty Details, Let's Compare Check Stubs

Okay, it's time to again ask about what y'all are getting in royalties. Should be quite a few folks collecting them by now. DON'T have to give your name or address, or even what well unit you are in.

Just share some numbers so we can compare

  • Include the State, County, Twp.
  • How many acres the unit is
  • How many laterals producing in the unit
  • What your royalty % is, and what kind  
  • *Any post production deductions and taxes are taken out, Another way of saying it is what market price were paid for your gas?
  • Per acre, per month royalties...

I'm sure the results of this poll will be eye opening. Thanks.

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Replies to This Discussion

Permalink Reply by Marcus Huey on November 8, 2014 at 5:27am

Wetzel County, West Virginia

7 laterals

12.5% - an old "flat rate" lease signed in 1900

Deductions: 1st month 8%, 2nd month 9%, 3rd month 12%, 4th month 13%, 5th month 15%

No money for NGLs

A very small amount of oil

NG price: 1st month $4.88, 2nd month $4.51, 3rd month $3.76, 4th month $3.36, 5th month $2.80

There is no clause in our 1900 flat rate lease that permits deductions, not sure how they get away with this?

Why no NGL's? Our well pad is between Richwood Run and Fallen Timber.  Are others in this area getting NGLs?  We are located about 1 mile south of the Mobley processing plant.

Permalink Reply by Dexter Green on November 8, 2014 at 5:44am

Looks like your operator is getting very good NG prices.  Or at least they were the first three months.

Permalink Reply by Trapper on November 8, 2014 at 6:07am
So how many acres is the unit and what are you clearing per acre per month?
Also who is the operator?
Thanks.
Permalink Reply by Bob Byler on November 8, 2014 at 12:21pm
Been receiving royalties for 13 mo. Started out at roughly $60.00 per ac. per well. Now about 1/2 that. In SE Tioga Co. Laterals from 10,000' to 4,000.
Permalink Reply by James Foster on November 8, 2014 at 3:23pm

Can you go online and see what is reported to WVDEP for gas production?  Gas and NGL's are reported together in Ohio.  The calculation for payment for NGL's is done at the well head by density. They are part of the gas and are not separated at well head .... but later at cryogenic plant.  You may only have dry gas and oil.  Or you may not be getting paid for NGL's separately but just for gas ... albeit wet gas.  Having an older lease may be an issue too as wet gas was not a consideration in the past.

Permalink Reply by Nancy Mosley on November 8, 2014 at 3:37pm

Re WV gas, oil and ngl production:

WV Office of Oil and Gas Well lists

The latest dates are 2013. They are required to have all previous year production reported by the end of March the next year, so 2013 production was due March 31 2014, then the Office has until August to get this into the database. Since it was not required until this year for NGL to be reported, the earliest will be next year.

Here is the reporting requirements: WV Oil and Gas Reporting Requirements

Permalink Reply by James Foster on November 8, 2014 at 3:14pm

Ohio, Columbiana, Center

unit 626.05817 acres  later modified to 622.973211 acres

There is one lateral producing

Oil, gas and NGL's - we are paid for all three

varying prices but low-high oil $74.17-91.69 gas $2.33-4.06 ngl $0.24-0.52

17.5%

No deductions

Our first check was for three months and averaged $211.00 per acre,

Monthly checks since $155/acre, $139/acre, $111/acre

Permalink Reply by Greg K on November 11, 2014 at 3:12am

Excellent topic, thank you.

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