No. I answered in your other post.
Grace: Not exactly. First, oil and gas aren’t selling at the wellhead for those prices. Oil more like $20.00 and Nat Gas $1.50.
But if you want to use $25.00 for oil the formula for determining Section 10’s share of revenue for 1.00 acre of minerals at 3/16ths royalty would be as follows:
285 BOPD x $25.00 (per barrel) x 0.1875 (royalty) divided by 640.00 acres (unit size) x 0.407216 (Sec. 10’s share of total perforations) x 30 days = $25.50 per net acre per month.
Gas formula is as follows, using your $1.88/mmcf:
706 x $1.88 x 0.1875 divided by 640.00 x 0.407216 x 30 days = $4.75 per net acre per month.
Hope this helps.
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