Replies to This Discussion

Permalink Reply by robert c miller on October 31, 2013 at 3:14pm

I got a check from Gulfport today.it averaged out to about 60 dollars and acre for the month.

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Permalink Reply by Brian Delphia on October 31, 2013 at 8:43am

I am coming up with about $225 an acre. Does that seem right???

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Permalink Reply by TM on October 31, 2013 at 9:28am

I am getting around $486 an acre just for the one well per month. I figured if someone owned 50 acres in a 1200 acre unit with a 16% royalty rate. You would get around $24,000 a month on the first well that was reported to ODNR this year. These numbers I got was for OIL only and not counting any gas or condensate numbers.

It is hard to figure royalty without knowing the exact numbers for all of the wells. Needless to say it would be alot of money when all 6 wells are drilled and producing. Your numbers would vary depending on how many acres you had in the unit as well as your royalty percentage in your lease.

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Permalink Reply by Brian Delphia on October 31, 2013 at 9:38am

Are you in Harrison County? Is $486 for gas and oil???

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Permalink Reply by TM on October 31, 2013 at 9:46am

I just figured the oil only numbers for the month that was reported to ODNR. No I am in Tusc County. The first well made $3.64 million in that month from oil alone at say $98 a barrel.

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Permalink Reply by Travis Keefer on November 1, 2013 at 12:21am

Robert, without getting into specifics, How many producing wells are in your unit?, How long have well or wells been producing, thanyou

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Permalink Reply by robert c miller on November 1, 2013 at 9:30am

Travis,only one well has been producing since April.There is a total of 4 with 2 additional planned for the future.My first check was last month and was for 5 months.The amount   averaged out to approx 80 dollars an acre per month.This second check is less per acre for that one well.

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Permalink Reply by Bill Barnaby on November 1, 2013 at 9:34am

Glad to finally see some people posting numbers, trying to find this information is like pulling teeth, so thank you all!

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Permalink Reply by Travis Keefer on November 1, 2013 at 3:10pm

Thank you Robert for the info much appreciated!!

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