Praise, Yes, I said Praise.
But first I need to apologize to r w kennedy. r w, you posted "Trillions? Exaggerating doesn't help you and in fact makes it sound like you don't know what you are talking about. You need an honest estimate, known production times Henry Hub price or such." The Trillions is for the entire state for years and years. I now have honest estimates which I'll explain under the Praise story.
My old [2003] Gateway Windows XP is now working with Foxfire to support my browser. The AOGCC website has posted monthly production but it is in an Excel file that my PC can't open. I've never been able to find out what kind of production the Frances 1 is doing for the last 2 1/2 years that it's been working. Even going to the library and being to open an Excel file there was never any information on the Frances 1.
The AOGCC has updated their site and this is where I Praise them, go: AOGCC, look for DATA, next to HOME, click DATA and scroll to the bottom of the page. Look for "Oil and Gas Data Web Application New (Firefox, Chrome, and IE 11 Supported)" and click. New page, look for "Production Info" in the drop down choose "Production by Operator". In the search line type [in caps] HILCORP ALASKA LLC, click search. Click "Narrow Results", choose Hilcorp, new results now lets you choose the "Start Date", [Frances 1 started July of 2014], wait a minute and you will be given "End Date", the page will now load. Hilcorp has 8 pages, I found Frances 1 on page 5 for 30 searches.
7/2014 only shows 12,406 [is that Millions of Cubic Feet?] It was a brand new well and got online later in the month. 8/2014 is 274,468 [is that 274 Million?, still learning here]. All 30 months add up to 3,203,622 [is that 3 Billion 203 Million?], some were 0 some were 41,805 with 274,468 being the largest, brand new fresh out of the starting gate.
3,203,622 times Henry Hub Price [yesterday] $3.32= $10,636,025.04 [IF it's Billions of cubic feet then is this now $10 Billion 636 Million] if my computers not telling me lies. At the standard 12.5 % = $1,329,503.13 [ is this now $1 Billion 329 Million?]. I've got 10 acres. Of the 54 names on the Spacing Exception 52 have signed the lease, with the few I've spoken with hoping for "once our bore penetrates your sub surface property lines, Then we owe you money". They were not explained to about how they're sitting on top of the gas pool, drill a hole anywhere and they're supplying, they sold out, for $10 an acre, having to do the leg work of getting the lease notarized and paying certified mail to send it back.
Just to be recognized by the AOGCC that I'm even in the pool [read above,Range, Section,Portion] is why I ask, how come they're protecting Hilcorps money like it's they're own? Hilcorp DOES NOT WANT the little people to know they're signing away a lot of money for less than pennies. If anyone should be able to win this, unjust and maybe illegal AOGCC dealing the next step is to have my allocation assigned to me for what is to be my share and that is with a Different State Agency. Dear readers, don't leave out the fact Hilcorp will stall and fight tooth and nail through out all of this. The State will do what they've always done up here, they'll kiss their butt.
I'd like to Thank You r w for pointing out to me that I don't know what I'm talking about, it instilled in me the worn out drive to fight, to learn, to Improve! 2 1/2 years now, recorded conversations, 84 pages of transcript, newspapers, hundreds of hours on the internet, hundreds of lawyers, some on the phone most e-mailed, both nationwide.
Does anybody care to explain the cu ft numbers and how that equals into dollars and cents? I'm willing to learn, I really thought that was what this Mineral Rights Forum was all about.