Wondering if any horizontal wells producing in west union, doddridge? I know it can vary, but what would it possibly generate per acre in gross dollars since percentages can vary also. Just looking for a general idea. Thanks
Richard: We are all asking the same question, hopefully soon.
Richard, Arnold, That is not a question that not can be answered with any accuracy. There are too many variables involved. ie. amount of gas/oil/NGL produced etc. The size of the pool. Your acreage in the pool, your royality percentage. The best thing I have found is to use the formula that this forum lists as : royality calculator. I don’t know about other companies, but Antero evidently uses that same formula because their percentages are the same as the calculation using it.
BTW Royalty Calculator is under “Mineral Help” at the top of this page.
I narrowed my scope to west union doddridge county. 1280 pool. All you have to do is divide your check by the acres you own and then divide by your percentage. 15./20/30/40 per percentage per acre?? So nothing being produced yet? Odd
Richard Stinson ,There are several wells producing in Doddridge County, however I for one have not received a division Order as yet. I have several producing since Jan of this year. Maybe others on this forum are receiving checks and if so I hope that they will speak up. From what I have heard through the grapevine, It is taking 8-9 months from start up (producing) to receiving a division order, then add a couple of weeks for the check, In the meantime we sit and wait. I am talking about Antero Resources, as that's who I have my interest with.