Royalty Calculator for already producing wells. Excellent tool. - GoMarcellusShale.com2024-03-28T20:34:42Zhttps://gomarcellusshale.com/forum/topics/royalty-calculator-for-already-producing-wells-excellent-tool?feed=yes&xn_auth=noI tried it and it worked fine…tag:gomarcellusshale.com,2015-03-10:2274639:Comment:6663262015-03-10T05:58:28.216Z14xt4y4cj053chttps://gomarcellusshale.com/xn/detail/u_14xt4y4cj053c
<p>I tried it and it worked fine. Harrison county .</p>
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<p>I tried it and it worked fine. Harrison county .</p>
<p></p> Here is a good thread about t…tag:gomarcellusshale.com,2015-03-05:2274639:Comment:6654102015-03-05T02:28:55.571Zdr jhttps://gomarcellusshale.com/profile/drj
<p>Here is a good thread about this topic,</p>
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<p><a href="http://gomarcellusshale.com/forum/topics/drilling-unit-vs-production-unit" target="_blank">http://gomarcellusshale.com/forum/topics/drilling-unit-vs-productio...</a></p>
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<p>Here is a good thread about this topic,</p>
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<p><a href="http://gomarcellusshale.com/forum/topics/drilling-unit-vs-production-unit" target="_blank">http://gomarcellusshale.com/forum/topics/drilling-unit-vs-productio...</a></p>
<p></p> John,
For all of the wells t…tag:gomarcellusshale.com,2015-03-04:2274639:Comment:6655512015-03-04T20:34:17.691ZUndecided About Oilhttps://gomarcellusshale.com/profile/UndecidedAboutOil
<p>John,</p>
<p> 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.</p>
<p>EXAMPLE: If…</p>
<p>John,</p>
<p> 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.</p>
<p>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.</p>
<p></p> It did not bring up the wells…tag:gomarcellusshale.com,2015-03-04:2274639:Comment:6653852015-03-04T19:50:30.745ZJanhttps://gomarcellusshale.com/profile/JaniceHall
<p>It did not bring up the wells we are in - Guernsey County. Eclipse Went in-line 4th Qtr.</p>
<p>Can't wait til it's updated to include these - great tool! Thank you!</p>
<p>It did not bring up the wells we are in - Guernsey County. Eclipse Went in-line 4th Qtr.</p>
<p>Can't wait til it's updated to include these - great tool! Thank you!</p> Try Penn States royalty calcu…tag:gomarcellusshale.com,2015-03-04:2274639:Comment:6656152015-03-04T15:53:52.273Zmlbhttps://gomarcellusshale.com/profile/leomeier
<p>Try Penn States royalty calculator app and decline curves...it is not specific for UD, Utica etc...it is 20 bucks if I recall for one month but you can pick a county...and eventually use it for your own well. It is pretty good and will likely get better.</p>
<p>Try Penn States royalty calculator app and decline curves...it is not specific for UD, Utica etc...it is 20 bucks if I recall for one month but you can pick a county...and eventually use it for your own well. It is pretty good and will likely get better.</p> Has anyone noticed how off al…tag:gomarcellusshale.com,2015-03-03:2274639:Comment:6652072015-03-03T21:49:59.354ZJohnhttps://gomarcellusshale.com/profile/John979
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.
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. Try a different web browser. tag:gomarcellusshale.com,2015-03-03:2274639:Comment:6650962015-03-03T21:02:11.308ZPhilip Brutzhttps://gomarcellusshale.com/profile/PhilipBrutz
<p>Try a different web browser. </p>
<p>Try a different web browser. </p> mine does not work. When pull…tag:gomarcellusshale.com,2015-03-03:2274639:Comment:6653292015-03-03T20:46:05.745ZJohnhttps://gomarcellusshale.com/profile/John979
<p>mine does not work. When pull down which well I am not able to click on the "year" tab. any suggestions?</p>
<p>mine does not work. When pull down which well I am not able to click on the "year" tab. any suggestions?</p> Fun tool. Not up to date wit…tag:gomarcellusshale.com,2015-03-03:2274639:Comment:6650022015-03-03T14:06:18.232ZThe Hikerhttps://gomarcellusshale.com/profile/TheHiker
<p>Fun tool. Not up to date with all units listed on Q4 2014 ODNR report though. I'd like to see what decline rate the author is using to estimate future royalties (something generic?). As an example of the (local) variation for this component, some wells around me are declining to 37% of their first quarter's production after one year, some are at 19%. Also, the % NGL and oil component will severely affect the payout, so what % is the author using for these? But, all in all, a fun tool.…</p>
<p>Fun tool. Not up to date with all units listed on Q4 2014 ODNR report though. I'd like to see what decline rate the author is using to estimate future royalties (something generic?). As an example of the (local) variation for this component, some wells around me are declining to 37% of their first quarter's production after one year, some are at 19%. Also, the % NGL and oil component will severely affect the payout, so what % is the author using for these? But, all in all, a fun tool. Just take it with a grain of salt.</p> It works on my Windows comput…tag:gomarcellusshale.com,2015-03-03:2274639:Comment:6652602015-03-03T13:29:58.606ZPhilip Brutzhttps://gomarcellusshale.com/profile/PhilipBrutz
<p>It works on my Windows computer. Great tool, thank you.</p>
<p>It works on my Windows computer. Great tool, thank you.</p>