Continental is telling me they are mailing paperwork out now for the well drilled last June. Also saying they are only getting oil, no gas being drilled. I have 17 acres on this lease and wonder what the worth is. They have started accumulating a balance for me but slow at getting out paper.
I assume you mean the Roach 1-4H in Section 4-14N-12W. Last week, Continental reported initial production figures of 2828 MCFPD and 50 BOPD. This is pretty good gas production.
There will be a pretty good decline to start with, of course. Assuming you have a 3/16 lease and no problems, you could likely get a first accumulated check of a few thousand dollars, and then likely several hundred dollars a month thereafter for your 17-acre interest. A lot depends on how fast and how far the well declines in your particular area.
3/16s equates to 18.75% of production. With 17 acres of 640, then you would get 2.66% of the 18.75%. This comes to .49% of the total production. Therefore, 2,828 mcfpd * $2.45 = $6,928/day or $207,858/month.
You should get about 207,000 * .49% = $1,018/mo, and this will vary by the price of natural gas and the volume produced. There could also be some oil, and residue is paying around $4.00/bbl.