First I want to apologize for posting on the 'Permits" Section. I now recognize how these Discussion Boards are organized, and will post appropriate information here -v- there.
I just received my first Royalty check from Breitburn Operating LP on the Wilkinson - McElroy "A" Well 1H. ALL of my Royalty Checks for 20 years have just had breakdowns for oil, and then gas. On this Royalty Check, there are 3 categories, and I wish someone could tell me what the 3rd category is, or means. Also, what is the actual gas volume that flowed out of the well??
I will list the Jan 2016 volumes and information as found on the Royalty payment:
OIL R1 $33.44 5,626 barrels
PPR R1 $0.20 240,949.73 MCF
GAS R1 $2.09 130,308.40 MCF
I thought that PPR might mean propane or something based upon the fact that whatever it is, it is only valued at $0.20??? Was the actual amount of the natural gas that came out of the well 130,308.40MCF, or is it 240,949.73MCF, the sum of the two, or what ??
Summation, what is PPR, and what is actual volume. Thanks to someone if they know.