Hi! Newbie here. I have five acres near Senecaville. Lease is signed, up front payments have been received, and the rig is going up as we speak. Here's what I'm wondering... I've looked at the "royalty calculators" and all that kind of stuff. I know my royalty rate is 20 percent, and that the wells in the area seem to be quite successful. (The monster in Monroe County isn't far away.) Does anyone know how much I might ACTUALLY receive in the first year? Does ANYONE have an actual royalty check in their hand? They're saying these are great wells, wet gases, even good amounts of crude. WHAT DOES THAT MEAN TO A GUY WITH FIVE ACRES IN REAL TERMS? Someone told me that I might make $300,000 in the first year. Not buying that. Some things I've read here say I'll make sixty bucks an acre. The guy from Antero told me to expect "$31,300 per year over the average life of the well, 20 to 40 years, but frontloaded" WHAT IS THE TRUTH? Any insights would be great, particularly from someone who has ACTUALLY RECEIVED a royalty check. Thanks!

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Hello, I*m Thomas M-I joined this site several Months ago-and has a mother that received her first check from HG ENERGY a couple of weeks ago for $1100.00 -Our family is quite large and signed the first lease with Penzoil in 1897. there are actually two leases on two farms. My Great uncle had nine children-so our percentage is small-We do not think that this is a monthly check-but we do know that when we got the first set of papers I hired an attorney in Marshall County that is honest-[John Chase IV] I grew up with him-and read up on the basics of what to do-[and not do] I*m guessing that our family of 160 has a stake in this-and hope that this helps. I did not get to see the whole statement-We got $100.00 to sign on anytime a letter was sent-since we have a large family-there was little reason to try for more.

I'm not sure retiring with 5 acres is good advice.  Don't forget you will lose close to half your money to taxes

wet gas /condensate/oil/propane/butane/ethane  8000 B.O.E.D. Peak Rate, one lateral.  4/5 more to come when that one fizzles out!     Let's just wait about a year, then we'll see.

yontz  and rubel  wells

With only 5 acres , don't quit your job!

I'm betting you'll get closer to $1000/month per acre than 25K

This sounds realistic to me...

You bet I'd take that, Rick! I'm 60. If I got 300 grand, one time, my work career is over. It would take me more than six years to gross that at my current job. That takes me right to 65, and maybe gets me a nice vacation while I can still walk around :-)

I wish they would come punch a hole in my property in noble county.

Paul - here are some real numbers.......brother of mine has 5 acres in a 600 acre unit in eastern Carrol cty, Lee twp.........single bore that has been producing since last year (tanner well).........all dry......it produced 300,000 mcf in 75 days last year (or about 4,000 mcf/day).........he is getting around $800 per month for all 5 acres.......15% royalty.........gross language but not sure if they are stealin (chk).

 

My first check from Gulfport was about 60 dollars a day.My percentage is 15 1/2 % and I have 22 acres.Most of the amount was from oil.

Robert was it $60 per day per acre ? Or $ 60 per day for all 22 acres ? Thank you in advance for sharing with us . It's difficult to get those who are receiving royalties to come forward . They usually clam up !

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