Spuding today I have 1/6 interest in an oil play on 256 acres. Can anyone tell me what that means in dollars at $78 crude to me.
It depends on your royalty percentage. Let’s say it’s 20%. Before any costs are taken out I think you’d get $2.60/barrel.
Man thats a bummer hoping to retire 
guess not for awhile. thank you.
Lisa said:
It depends on your royalty percentage. Let’s say it’s 20%. Before any costs are taken out I think you’d get $2.60/barrel.
Per barrel it’s not a lot, but if production is good, it can add up in a hurry. It might very well be $10,000 or more per month–nothing to sneeze at.
Dale Jenkins said:
Man thats a bummer hoping to retire
Lisa said:It depends on your royalty percentage. Let’s say it’s 20%. Before any costs are taken out I think you’d get $2.60/barrel.
Do you still have active leases in Duchesne County? We have some existing wells in this county, but I'm being approached by an energy company for leasing 640 acres at $200 an acre with 1/6 of the production. I'm trying to figure out what a good lease would be. Any info you have would be great. Thanks.
Hi. I just renewed my lease there at $250 an acre and 3/16th royalty. They've yet to drill, but given the activity in the area I beleive this time they may. I was little confused by the above question. When you speak of royalty percentage isn't that the same as the 3/16th, or 1/8th royalty...whatever?
Slee, how many acres are you going to lease? Is the $250 per acre a one-time up front payment?