Does anyone know what is going on with Continenal .y gas royalties have went from 700.00 to 200.00 since dec.? We are in Grady. 27
Yeppers. Price of natural gas has gone from $6/mcf to $2.50/mcf. Just look at your check.
Not sure it’s just natural gas prices though. Their payments for oil are really low too. They took out $55,000 in oil from one of our wells and we only received $0.17. There are 12 Mineral Rights owners in that section. Haven’t figured out how that could be.
Contact Owner Relations and ask what is going on. Before you call, multiply your decimal from the Division Order times the gross revenue and see what you get. Occasionally, companies overpay and then they recoup the funds until the balance is correct again. They rarely inform the mineral owners.
M_Barnes it’s funny you mention overpayment, our checks have been going down since we signed a new 4 year lease for a totally different area where Continental wants to start drilling in eventually.
Gas prices have dropped quite a bit since late December. Combined with the natural declines in production volume, lower checks are to be expected.
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