# First check amount? **URL:** https://www.mineralrightsforum.com/t/first-check-amount/21634 **Category:** General Mineral Rights Discussion **Created:** [April 10, 2012, 2:06pm UTC](https://www.mineralrightsforum.com/t/first-check-amount/21634 "2012-04-10T14:06:52Z") **Posts on this page:** 5 **Page:** 1
### Author: ![royhanan](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/958977/32.png) [@royhanan](https://www.mineralrightsforum.com/u/royhanan) #### Post date: [April 10, 2012, 2:06pm UTC](https://www.mineralrightsforum.com/t/first-check-amount/21634/1 "2012-04-10T14:06:52Z")
New well. We own 80 acres of mineral on 640-acre spacing. Meter says it’s producing about 500,000 mcf/day and 300 bbl oil/day. Gas selling around $2.00/mcf. Lease for 3/16’s. About what will first month’s check be? ---
### Author: ![Richard\_Pruitt](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_pruitt/32/4314_2.png) [@Richard\_Pruitt](https://www.mineralrightsforum.com/u/Richard_Pruitt) #### Post date: [April 10, 2012, 3:34pm UTC](https://www.mineralrightsforum.com/t/first-check-amount/21634/2 "2012-04-10T15:34:05Z")
Estimate 80/640 = .125 x .1875 royalty = .02343. 500,000/1000 = 500 x $2 = $1000 x .02343 = $23.43 daily for gas. 300 obpd x $100 = $30,000 x .02343 = $702.90 daily for oil. 30-day month estimate $21,789.90 gross then subtract taxes etc. Let’s say 20% = $17,432 check. This is just an estimate with figures you gave. ---
### Author: ![roydonhanan](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/a4c791/32.png) [@roydonhanan](https://www.mineralrightsforum.com/u/roydonhanan) #### Post date: [April 10, 2012, 3:43pm UTC](https://www.mineralrightsforum.com/t/first-check-amount/21634/3 "2012-04-10T15:43:09Z")
Thanks ---
### Author: ![Chuck\_H](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/c/71e660/32.png) [@Chuck\_H](https://www.mineralrightsforum.com/u/Chuck_H) #### Post date: [April 11, 2012, 3:05am UTC](https://www.mineralrightsforum.com/t/first-check-amount/21634/4 "2012-04-11T03:05:38Z")
FYI - Since that’s a new well, that might be the initial production rate on unchoked flow. ---
### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system) #### Post date: [August 15, 2018, 3:49am UTC](https://www.mineralrightsforum.com/t/first-check-amount/21634/5 "2018-08-15T03:49:51Z")