Royalty Calculator for already producing wells. Excellent tool.

Excellent tool.  Have fun!

http://www.wellrevohio.com/RoyaltyCalculator.aspx

Views: 2565

▶ Reply to This

Replies to This Discussion

Permalink Reply by Philip Brutz on March 3, 2015 at 10:02am

Try a different web browser. 

Permalink Reply by John on March 3, 2015 at 10:49am
Has anyone noticed how off all the units are? Plugged in my 3 different units and total acreage for each is not even close to being accurate.
Permalink Reply by Jan on March 4, 2015 at 8:50am

It did not bring up the wells we are in - Guernsey County.  Eclipse  Went in-line 4th Qtr.

Can't wait til it's updated to include these - great tool!  Thank you!

Permalink Reply by Undecided About Oil on March 4, 2015 at 9:34am

John,

 For all of the wells that I checked, this Calculator did NOT use the actual Production Unit Acres as recorded by the driller at the Courthouse ( #'s more like 640 acres or 1280 acres ) but instead it used the much smaller ( and incorrect ) Minimum Acreage ( like 160 acres ) as specified by the ODNR drawings for setback laws ONLY. This discrepancy in PU Acreage will make the calculator's Royalty Amount appear 2, 3 or 4 times higher than actual royalty checks.

EXAMPLE:  If the calculator uses only 160 PU Acres but your PU is actually 640 Acres then divide the calculators answer by FOUR and that is the real royalty amount.

Permalink Reply by dr j on March 4, 2015 at 3:28pm
14xt4y4cj053cPermalink Reply by 14xt4y4cj053c on March 9, 2015 at 6:58pm

I tried it and it worked fine. Harrison county .

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service