Replies to This Discussion

Permalink Reply by bill h on June 30, 2011 at 12:26am

I wouldn't plan on seeing royalties for at least a year after drilling starts... of course there are a huge number of variables

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Permalink Reply by nick on June 30, 2011 at 5:21am

Where are you located?

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Permalink Reply by Deci Ruiz on June 30, 2011 at 5:49am

Herrick township Bradford county, but I don't live in pa. So I can't see what is what?

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Permalink Reply by Jim Litwinowicz on June 30, 2011 at 8:24am

I'd try to make friends with some other people in the unit so that you can keep updated.

 

As for timelines, it takes about six months to get a permit, from what I hear. Then it takes two months to put in road, well pad, frac pond. Then actual drilling takes three weeks but often they have to wait a couple of months to get a rig on site as they are all booked solid and any delay at a previous site delays everything down the line.

 

Fracking and completion can take another month or two, along with the same availability issues. Then you need a pipeline to get the gas to market, maybe compressors, dehydrators, or other processing equipment to prepare gas for market. And most leases allow for 90 days or more after production begins before royalties are paid.

 

Like bill h said, plan on a year or more before royalties begin to roll in.

 

 

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Permalink Reply by Deci Ruiz on June 30, 2011 at 8:56am

sounds like my kids will be very happy with what we leave them....smile

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