I have unleased acreage in S35 18N 5W that will be shortly pooled by Dorado. The cash bonus' being offered are reasonable but the royalty interest is not as attractive as I would like to have offered (are they ever?). 3/16 of a pie is obviously not as attractive as 8/8. A 100 bbl/day oil equivalent well (not unusual or excessively high for horizontal wells in the area's Miss Lime) generates an attractive gross revenue for the $4.5 million estimated cost of a completed well. What I have not been able to get a handle on is a planning number for operating expenses. Can anyone guide me to a good reference that will provide guidance in establishing Net Revenue to establish the potential real payout from W.I. participation in the well as will be proposed in the pooling order?
You can take W.I. with all or any part of your interest and another option with the balance. For the most part lease operating expenses, LOE, are not a big deal. Marketing deductions for gas can mount up. If you would like to talk about it send me a friend request and I will give you my # if you like.
Ron McKenzie said:
You can take W.I. with all or any part of your interest and another option with the balance. For the most part lease operating expenses, LOE, are not a big deal. Marketing deductions for gas can mount up. If you would like to talk about it send me a friend request and I will give you my # if you like.
I no not have a Facebook act. My email is [email protected]. send your # and I will give you a call.
Ron is true with any amount of minerals owned? And is it possible even after accepting a bonus?
Can not do if you have signed a lease if that is what you are saying. Or are you saying you make an election under a pooling to take a bonus option?
No I've already cased the Bonus Check for the next two year lease.
Ron McKenzie said:
Can not do if you have signed a lease if that is what you are saying. Or are you saying you make an election under a pooling to take a bonus option?