Mahoney unit....Noble co.

Received our first royalty check for the Mahoney unit....it wasn't even a fraction of what we were told to expect. Maybe they're not pulling to capacity,anyone have a thoughts to share?

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Permalink Reply by James on September 1, 2015 at 6:43am

In before Ron Hale. 

Permalink Reply by James on September 1, 2015 at 6:49am

How much were you expecting to get with just 1.5% of acreage in the unit?

Permalink Reply by jonathan M. on September 1, 2015 at 6:57am
How much did you get per acre? What were you expecting or hoping for?
Permalink Reply by evan on September 1, 2015 at 7:22am
Good one James. Where's Ron ?
Permalink Reply by Mary Schultz Price on September 1, 2015 at 8:50am
We were told that we could expect 130,000 in the first year of production....3 months brought less than 2....I understand prices have dropped but it was a blow
Permalink Reply by jonathan M. on September 1, 2015 at 9:11am
Mary how many acres do you have in the unit?
Permalink Reply by James on September 1, 2015 at 11:17am
Mike MurphyPermalink Reply by Mike Murphy on September 1, 2015 at 11:37am

We were told that we could expect 130,000 in the first year of production

Who told you that amount .........what was the price of oil and gas at the time u were  told that.......and how  many of ur acres are in the production unit??????

need  more facts

Permalink Reply by Mary Schultz Price on September 1, 2015 at 1:05pm
6 acres in this unit....and as far of prices then I'm sure they were higher than now but not to justify this drop
Permalink Reply by jonathan M. on September 1, 2015 at 1:19pm
Unfortunately you were misled. 22k/acre in a year is way off. There will be many owners that never see that amount for the life of their well(s).
Permalink Reply by White Tiger on September 1, 2015 at 2:03pm
Jonathan, maybe I missed something but where did you come up with the 22k/year ?
Permalink Reply by jonathan M. on September 1, 2015 at 3:14pm
Mary said she was told to expect 130k in first year. She has 6 acres in unit that would be approximately 22k/acre give or take few hundred

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