Looking at the productions records of the Karen and J Anderson wells in Guernsey County. Anybody have an idea how to calculate royalty payments on these based on a 20% lease? Ballpark figures on a per acre per month basis? I am a land owner in this area which makes me very curious!!
Another active member on this site posted that they saw a check for one of the landowners in the Karen unit. The first two months averaged out to about $2,800 per acre per month. Not sure how fast things will start to decline. I am guessing that you would get roughly this amount for the first 6-12 months or so and then production would start to go downhill pretty quickly.
I am in Millwood township between Barker and Shannon Run. Sounds like our properties might not be too far apart.
Thats some pretty good $$$$ ! Heard rumors on the J Anderson well paying out up to 5400.00 per acre per month. Could that be possible?
I am also in Millwood township just north of Quaker City.
Good Luck to you too,
Dan, you may want to follow the Millwood township thread:
Thanks you guys !