Royalty amount decline!
My latest royalty check showed a drop of $45,000 from last month. I'm only 9 months into receiving royalties. That's a scary decrease.
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Replies to This Discussion
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Permalink Reply by jason irvine on
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I am in Tyler as well and my lease is set to expire. I would wait until some of the production numbers from the Utica come out in our area. Even if they are bad and I don't believe that will be the case, it should note effect that amount as it is low for just the Marcellus. Good luck
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Permalink Reply by Zack Jameson on
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I received my latest royalty checks from both CNX and Noble. The totals are nearly the same as last month. Hopefully, the amounts will increase if the price of gas increases with the onslaught of colder weather.
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Permalink Reply by Jeffrey Beunier on
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what month was it for? You're probably aware that Oil prices are down 50% since this summer, and gas prices have dropped about 30% in the last few weeks. SO you got double whammied - depletion/decline curve, and price impact.
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Permalink Reply by Zack Jameson on
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My land has made me a millionaire. I have spent very little of it. I feel very fortunate with what I have.
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Permalink Reply by rmc on
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Congratulations Zack who would have ever thought that this ole hillsides would be worth this much money?
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Permalink Reply by Nancy LeNau on
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Congratulations, Zack ! So Happy for you ! Wishing you the very Best in 2015.
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That's awesome Zach - invest it wisely and it will provide dividends long after the royalty checks end.
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Permalink Reply by Zack Jameson on
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Just got my recent royalty checks. I get one from CNX and the other from Noble. No wonder the amounts are down, CNX sold their gas for $1.67 per MMBTU.
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Permalink Reply by Terrance Livingston on
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I hope they drill a bunch more laterals in your unit Zack so I can tell my friends that I know a MULTI millionaire! Excellent post everyone....
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Permalink Reply by Joseph-Ohio on
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Decline.
I'm thinking it's mostly 'Asset Management' and 'Market Conditioning' kicking in.
If they have no one or not enough buyers to sell it to why extract it ?
Need to build out more infrastructure (including Keystone) and develop a larger marketplace if you ask me.
Been saying it for awhile now.
Politicos need to get on board with it and stop obstructionist behaviors.
Zack is fortunate and I wish him more of the same.
Best of luck to him along with all of the rest of us.
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Permalink Reply by Jan on
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Decline curve revealed by growing Utica shale production data
In the world of shale gas in Ohio, the top-producing wells aren’t king of the hill for long.
Take the Tippens 6HS well, for example.
Located in Monroe County in southeastern Ohio, it produced more natural gas in the first quarter of 2014 than any other Utica Shale well in the state — some 1.117 billion cubic feet of the resource in 80 days, according to Ohio Department of Natural Resources records. That’s enough natural gas to fuel 12,000 houses for a year.
But the well that gushed 13,972 thousand cubic feet of natural gas per day in the first three months of 2014 saw daily production drop 41 percent in the second quarter to 8,180 thousand cubic feet per day and another 26 percent in the third quarter to 6,015 thousand cubic feet per day.
By autumn, the Tippens well was producing less than half the natural gas that it had during its peak output and slipped from No. 1 to No. 72. It went from being a stellar Ohio well to a good-producing well.
Similar drops are showing up in nearly all of Ohio’s horizontally drilled natural gas wells.
Read more here: http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/declin...
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Permalink Reply by Joseph-Ohio on
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Wondering if any of the 'Production Decline' is due to the Producer 'Throttling / Choking' the well back ?
Any ideas on that ?
Thanks.
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