Hey- Here's July #s - I don't know which month the $160 check was from.
PRYOR 1-1H NDIC File # 16264 409 BBL 1659 WATER 31 DAYS 256 RUNS (that's bbls they "took to market", of the above 409 they pumped - the rest is stored, probably on-site) 339 GAS 239 GAS SOLD I'm new, too, so I'm not sure how what the gas #s mean -my guess: Thousand Cubic Feet (MCF) According to the chatter here, figure 8,000 MCF to be the equivalent in value to a bbl of oil, and you've got the dollar equivalent of 30 bbls of oil in GAS SOLD (not produced). At an avg of $110 a bbl., that would be an additional $3,300 in GROSS (not split, shared or anything else, just value in raw, untaxed gas). Take that $3,300 and go to cypherin' your share of it. Add that to the 256 RUNS x $110 = $28,160 GROSS oild revenues, and you've got an estimated $31,460 GROSS. Take 11.5% off of that for ND taxes, and you're at $27,842 after taxes (but still not "net"). Take that # and figure out your %age by net acres. I don't know if you're at 40 acres of the 1280 spacing unit, but that's what it sounds like. 40 of 1280 acres is roughly 3.13%. 3.13% of $27,842 is $871.45. 16% of that is $139. I know my numbers are total estimates - bbl prices may have been a bit more, but I'm within 20-bucks of your amount, and that might account for GAS I DIDN'T ADD IN the above. You can always ask for an accounting (and you should receive it, right everyone?) for each month's royalty payments, so you can check the math. Tom On Sep 30, 2:40 pm, little fish <[EMAIL PROTECTED]> wrote: > Hi all, quick question: can anyone look up Pryor1-1H well for me. We > have the rights to 40 net mineral acres in this sect. and have been > getting a small (a little over $200.00) royalty check for the last > couple of months. Now this month it dropped to $160.00! I know this is > a Zenergy marginal well, w/ inital bopd of only 66 per day. but are we > getting hosed? How can we know for sure the amount is truly our > pitiful share? our lease provides for 16% royalty on 40 net acres. > thanks for any info. > little fish --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
