Replies to This Discussion

Permalink Reply by tas on August 28, 2014 at 7:57am

I heard up around 40% deductions from Rex.

Permalink Reply by J.R. Ewing on August 28, 2014 at 10:12am

Not for everyone. Our lease with Shell/Rex is 15% with no deductions.

Permalink Reply by Trapper on August 30, 2014 at 9:52pm

same here JR but we aren't drilled yet. Lawrence County,New Beaver Borough

Permalink Reply by J.R. Ewing on August 31, 2014 at 8:20am

We aren't drilled yet either Trapper.   Center Twp. Butler Co.. We thought things were going to get started last year with SWEPI at the Renick pad, it ended up on hold. Talked to a Land Agent on the phone from REX and he said they are hoping to get things rolling by the end of this year. He wouldn't get any more specific than that. FYI, we are getting royalties from XTO in Forward TWP. Butler and they are pretty good even with deductions.   

Regards.

Permalink Reply by Trapper on August 31, 2014 at 10:20am

My lease is up for renewal in Oct.,2016. We are hopeful. Best wishes to you!

Permalink Reply by mike4t on September 2, 2014 at 1:14pm

J.R.

Care to share your dollar amount per acre/per month? What percentage? 

It would be nice for the rest of us to know maybe what to expect. We have heard everything from $1/acre/month to $1000/acre/month

Permalink Reply by J.R. Ewing on September 2, 2014 at 8:56pm

It does vary greatly, that's why you're hearing that. As you probably already know, size of  unit, your acreage amount, MCF produced, your royalty % and the price of gas are all factors. I can tell you what I am hearing in our area, people are getting about $150 to $200 net per acre per well. That's with newer wells. Production drops slowly over time. Hope that helps. Good luck to you Mike.

Regards.

Permalink Reply by RB on September 27, 2014 at 6:02pm

Seems people go silent when it comes to sharing royalty information.  Can't understand why since one can do so anonymously.  But $150-200 net doesn't seem to be much.

Permalink Reply by Trapper on September 27, 2014 at 6:52pm

I would be ecstatic if my 51.64 acres paid me $200 each per well per month! Visions of early retirement dance in my head.