Frustration with oil prices, moneys received, discrepancy month to month on amount drilled

Pat Maloney · 2017-06-10T15:42:06Z

Hi everyone, Just need to vent I guess. My siblings and I have a total of 13 working wells in Williams County and 3 extra that have not produced as of yet or are on confidential lists. Our monthly checks keep going down even though the price per barrel on our last check was higher than ever ($47.90) and the check was the lowest ever. Do any of you know the reason wells are drilled so unevenly? One month there are 3,500 barrels and the next month 1,800 on one well. We participated in our first well in 2011 and non-participated in the other 15. It has taken 5 years for our first non-participation well to get down to 1,000,000 left for the well to collect before we get larger checks. Since I want to retire this coming year, I was expecting to have a reasonable check monthly from the oil company! Anyway, thanks for listening and take care everyone.

Shales Bakken Shale