Gas prices
I've been told gas is bringing Around $4.00 per1000 cubic feet is that the well head or market price and how much can a landowner who owns 50 acres expect to get in the first year on an average producing well and if $4.00 is the market price what is the well head price?
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Replies to This Discussion
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Permalink Reply by rob grant on
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That would be the well head price, traded at $5.05 today ,amex. As for the remainder of your question, with all the variables in play. Your own due diligence will prove to be the most reliable in the long run. This site is a great resource,read all the past posts & forums. Anyone care to opine.
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Permalink Reply by kathy young on
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Dear Rob, Initially your first few years are when your production is the greatest. Production and price determines what your checks would be. Also it also depends on your lease. For example you could have 50 acres and only 10 of them would have gas. You then are paid on those ten even though all 50 determined your % in the overall unit. It depends how many acres are in the unit. I have been receiving royalties for nearly 9 years. I have been paid on 73 of the 110 I have had. I have done very well. Remember to save out for taxes when you start getting your checks. Plan on saving about 40%. Hope you do well!
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Permalink Reply by IM on
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my computer will not run the program to figure the amounts - can you give me a guess as to what 10 acres would be?
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Permalink Reply by IM on
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Well Hanna - I will be able to pay off the morgage - what a wonderful thing that would be - thank you Ruby - I think mine will be a wee bit less but still it will be enough - I think we have around 75 acres in that field.
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Permalink Reply by Jean Michel LeTennier on
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Depends on how much the well produces... it can be from .5 million CF to 7 million CF and teh new wells started last year in upper Northwest PA in the Marcellus shale have been increasing production every month above that...
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Permalink Reply by IM on
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Would anyone know what kind of pay you get for having connecting land where a well is drilled? There is going to be three wells on the land next to us - all with in a mile area.
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Permalink Reply by IM on
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I can not download php forms - could you give me an idea of what it might be for 50 arces?
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Permalink Reply by Robert Odenthal on
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Isn't that per million SCF?
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Permalink Reply by Jean Michel LeTennier on
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Presently the price is over $5.50 and if this winter gets worse , it will be much higher...
Let's pray , NYS gets off it's rump and gets final rulings done by march...
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Permalink Reply by Rita McConnell on -
Most royalties are determined at the point of sale (usually where the producers gathering lines meet a main pipeline owned a distribuion company). Price fluctuate with weather, industrial demand, storage, politics and many other factors. Additionally, all wells produce differently -- average really doesn't exist. Its quite difficult to predict what the annual royalty to a landowner would be.
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