Wells do drop off a lot after the first year or two.
Generally, royalty checks are for production more than a month before, so not reflecting what is happening right now.
And, some companies hedged their prices (I only sort of understand) so the prices might have been set months ago.
Yes. I just got January check today.figured with ng prices ripping and weather gettung colder my jan would be higher than december not 45% less!
Maybe it was hedging. I haven't analyzed my recent check, which also includes Jan 22, but it is less than the previous one. Agreed.
Seneca (412-548-2566 ) Seneca ( 412-548-2559 ) The MCF they are paying is where the problem is.
Under column GMI ITS $4.23/1.00. I guess itsat $4.23 per mcf. henry hub today is $6.33. I have to find earlier statement to check volume. Would they be choking well bsck for any reason?
Never tried to figure out statement .trying now.
How come there are two different decimal disbursement numbers? Isnt that my portion of the unit? Number should not change.what am i missing?
75% decrease on volume from jan 2021 to jan 2022. That dont seem right
Middlebury to Chatham Townships Tioga Co. were PAID $3.00 an MCF..
The price was $2.36 in Jan 2021.
Im not challenging the price per mcf. Im shocked at the 75% decline in volume in only one year. Unless well had problemsand was offline for a few weeks. If it wasnt a glitch this well is a bust
Do you have a net lease or Gross? If net, is the operator taking more post production cost out? Were the wells shut in for any reason? These are questions you need to ask the operator. Without seeing statements, it will be hard for anyone to help answer your concerns.
Is there a newer well nearby that could have impacted the production?