Replies to This Discussion

Permalink Reply by Carol Barsh on September 18, 2013 at 9:38am

Melissa,   Would you be able to tell me how to figure out for example if a well is producing 100,000 MCF per month what figure to I put in the royalty calculator because it requires MMCF daily?   Thank you. 

Permalink Reply by Kevin on September 19, 2013 at 2:30am

Correct me if I'm wrong. The 100,000 MCF is actually 100,000,000. If you divide that by the number of days in the month, 30 ,31 you will come up with a daily production of 3.2 - 3.3 MMCF. That is what you would put in the calculator in the MMCF spot, I think.

Permalink Reply by Carol Barsh on September 19, 2013 at 6:32am

I am not quite sure Kevin but I appreciate the input.

Permalink Reply by Barbara on September 18, 2013 at 10:27am

Melissa, I read your posts and have to admit I do not understand some of the wording you use.  You seem to be very well informed on these issues.  For example: what does "croo" mean?  What is the ICE exch info sheet?  These sound important but I do not have a clue.  Please understand I am not asking for a lot of detail but some of the words I am just not familiar with.  Thank you!

Barbara

Permalink Reply by melissa humphrey on September 18, 2013 at 12:03pm

typo   cross.    2-3 major interstates  cross at Leidy .

ICE is an exch and someone here poited it out as a source of spot prices.

TGP300 line, Bradford County and Leidy, Clinton both habe been running 1$ to even 2$ under

HHub Juy and August- terribly low. If HH is 3.50, - 2$ is 1.50. Regionally  there is too much gas.

 

.25 x 100,000   is $25,000       vs 4$   400,000$.

 

Long term new lines will be built and pressure added.

Some relief is coming in Nov for the Transco and TGP300 line.

 

Bearer of worse than bad news!!     ouch

Permalink Reply by Barbara on September 18, 2013 at 1:22pm

Thank you!