Just released this morning. Good news for all in the wet zone of the Play.
http://www.chk.com/News/Articles/Pages/1610725.aspx
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Lots of $$$$$$$
That's $270K a day gross at $90 a barrel
in a 640 acre unit that you have 50 acres in at 15%....that be $3164 a day
OR... 100 acres in a 640 acre unit at 18% gross royality = $7593/day in royalites to the landowner on a well that is doing $270,000/day in production. I drill/complete big Marcellus wells everyday but these Utica numbers dwarf 95% of the Marcellus wells out there.
From this map it looks like you are in the wet zone. Are part of the drilling unit? If you are could post the hard numbers when you get them?
http://www.theinfomine.com/2011/08/27/utica-shale-a-major-oil-disco...
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