Royalty Details, Let's Compare Check Stubs
Okay, it's time to again ask about what y'all are getting in royalties. Should be quite a few folks collecting them by now. DON'T have to give your name or address, or even what well unit you are in.
Just share some numbers so we can compare
- Include the State, County, Twp.
- How many acres the unit is
- How many laterals producing in the unit
- What your royalty % is, and what kind
- *Any post production deductions and taxes are taken out, Another way of saying it is what market price were paid for your gas?
- Per acre, per month royalties...
I'm sure the results of this poll will be eye opening. Thanks.
Views: 2597
Replies to This Discussion
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Permalink Reply by Marcus Huey on
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Wetzel County, West Virginia
7 laterals
12.5% - an old "flat rate" lease signed in 1900
Deductions: 1st month 8%, 2nd month 9%, 3rd month 12%, 4th month 13%, 5th month 15%
No money for NGLs
A very small amount of oil
NG price: 1st month $4.88, 2nd month $4.51, 3rd month $3.76, 4th month $3.36, 5th month $2.80
There is no clause in our 1900 flat rate lease that permits deductions, not sure how they get away with this?
Why no NGL's? Our well pad is between Richwood Run and Fallen Timber. Are others in this area getting NGLs? We are located about 1 mile south of the Mobley processing plant.
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Permalink Reply by Dexter Green on -
Looks like your operator is getting very good NG prices. Or at least they were the first three months.
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Permalink Reply by Trapper on
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So how many acres is the unit and what are you clearing per acre per month?
Also who is the operator?
Thanks.
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Permalink Reply by Bob Byler on
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Been receiving royalties for 13 mo. Started out at roughly $60.00 per ac. per well. Now about 1/2 that. In SE Tioga Co. Laterals from 10,000' to 4,000.
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Permalink Reply by James Foster on
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Can you go online and see what is reported to WVDEP for gas production? Gas and NGL's are reported together in Ohio. The calculation for payment for NGL's is done at the well head by density. They are part of the gas and are not separated at well head .... but later at cryogenic plant. You may only have dry gas and oil. Or you may not be getting paid for NGL's separately but just for gas ... albeit wet gas. Having an older lease may be an issue too as wet gas was not a consideration in the past.
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Permalink Reply by Nancy Mosley on
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Re WV gas, oil and ngl production:
WV Office of Oil and Gas Well lists
The latest dates are 2013. They are required to have all previous year production reported by the end of March the next year, so 2013 production was due March 31 2014, then the Office has until August to get this into the database. Since it was not required until this year for NGL to be reported, the earliest will be next year.
Here is the reporting requirements: WV Oil and Gas Reporting Requirements
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Ohio, Columbiana, Center
unit 626.05817 acres later modified to 622.973211 acres
There is one lateral producing
Oil, gas and NGL's - we are paid for all three
varying prices but low-high oil $74.17-91.69 gas $2.33-4.06 ngl $0.24-0.52
17.5%
No deductions
Our first check was for three months and averaged $211.00 per acre,
Monthly checks since $155/acre, $139/acre, $111/acre
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