Royalties >>> How much per acre in a monthly royalty check

How much per acre in a monthly royalty check ? Certainly it would depend on a few or maybe many factors ..... but give examples if you have them please.
If someone has the figure for drilling in a section ( say about a square mile or 640 acres ) and how many wells were drilled ( horizontal or verticle ) we could then do the math for the size of our acerage included in the section. Or for others who may own many sections etc.

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Permalink Reply by Henry Edwards on August 17, 2010 at 6:36am
I have been told by Atlas they its about 1 well per 40 acres-that seems to be working for them. This is in SW Pennsylvannia Green County. They have been averaging initial production of 5M cubic feet and maintaining 40% of that for months. In the case of 640 acre units that would be about 16 horizontal wells depending on configuration of the property.
Permalink Reply by Henry Edwards on March 10, 2010 at 6:51am
What are people seeing on leases in Greene County. It appears to be the honey hole. Have a current offer for 2k per acre and 16%
Permalink Reply by Martha Ann Murray on May 12, 2010 at 4:38pm
Did you take it?
Permalink Reply by Henry Edwards on May 13, 2010 at 2:05am
No got a lot more than that-Of course we are close to a pipeline and new compression station
Permalink Reply by Jean Michel LeTennier on April 9, 2010 at 7:02am
Permalink Reply by Gregory A Xedis IV on May 18, 2010 at 6:07am
If you’re for individuals rights, you’re on the right track. To change this, you will suffer in the long run without protecting the other person rights. These two news articles cover your first step into the question to drill or not. You should reviewed and considered with more research



Could be one sided if you don’t consider others around you
http://www.news-register.net/page/content.detail/id/537829.html



For the farmer and the city dwellers the results are for all
http://pesn.com/2010/05/16/9501653_OriginOil_announces_first_custom...
Permalink Reply by Jean Michel LeTennier on August 17, 2010 at 4:37am
Yo can easily check the Geoplogy of your area on teh Web..
go to Goolge.com and enter "utica shale maps' and you will get a bunch of links.. takes practice reading and making sense of the maps though. if you look for some of my older posts here, I have attached many geology documents..
but to answwer your question yes.. it covers all of NYS west of the hudson and most of Northen PA all the way up to Montreal..
Permalink Reply by Jean Michel LeTennier on August 17, 2010 at 4:48am
they are paying for exisitng leases, and still have to pay the landowners whatever percentage was agreed to in the lease

example,
I am company A , I want to buy Company B leases of 20,000 acres . We workout a price of 14,000$ and acre and Company A takes over the leases from Company B. I as Company A must still pay whatever percentage to whoever teh lease holders are? whether its 10% or 15 or 20%

What is interesting is that Company B is trying to buy the leases at 1,000$ or less and basically resell them at a masssive profit at the land owner's expense
some profit is expected but 1,400% ??? for doing what amounts to paperwork?

that is why you must have a knowledgeable Lawyer on your side as well and work with a coalition..
individually , your goose is cooked..
that is why during WWII , shipping was done in Convoys, and not individual ships, safety in numbers ;-)
Permalink Reply by Jean Michel LeTennier on August 17, 2010 at 4:50am
ask if he is smoking crack? not a single horisntal well in the marcellus is less that 2MMcf
vertical maybe but not horizontal
Permalink Reply by Jean Michel LeTennier on August 17, 2010 at 7:04am
I was being conservative ;-)
Permalink Reply by Jean Michel LeTennier on August 17, 2010 at 7:06am
from what I have been able toi dicern a unit can be of many differant sizes but generally at least 640 acres

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