When you are negotiating your lease, be sure to review the royalty payment terms to see how the gas value you will be getting your royalty percentage of is to be calculated. In my part of the country, the land people don't necessarily know about the different ways gas can be valued, and if your gas has high NGL (gas liquids) content there could be additional value that neither you nor the producer is getting unless you are considering them in your contracts.



Some of the midstream… Continue