Tract Participation Factor and Allocation are not mutually exclusive. (TPF) is your fractional interest in the Tract A, being one of the multiple tracts that the horizontal wellbore traverses. Such as you own 1/3 of the minerals in Tract A. Tract NRI is your royalty interest in the Tract A. 1/3 TPF X 1/4 royalty = 0.08333333 is royalty if 100% of the wellbore was only in Tract A. Assuming that there is no NPRI burden and that your minerals are not part of any unit. Allocation will determine the percentage of the productive lateral wellbore (1st take point to last take point) that is in your tract vs lateral outside of your tract. Assume that 35% of the productive lateral is within Tract A, then your well DOI is 0.0833333 X 0.35 = 0.02916667.
The Powell well went into production 12/28/2024. Here are the production figures for January and February 2025:
January: 1,073,743 MCF (34,637/day)
February: 795,154 MCF (28,398/day)
Good Morning. The Powell and Hogue started as Shut-In Producers, did you receive a shut-in payment for that? I’ve reviewed our lease and currently have wells in the same status and was just curious is we should follow up on this or not. Thanks for any information.
Thanks for the replies, y’all!
For those of you following along, here is the response we received from Comstock: Comstock is currently running additional title on the Powell BD 1H; once it has been received and reviewed, the ownership will be updated, and Division Orders issued. Should you not receive a Division Order by June 1, 2025 – please contact us, and we will be happy to review your account and/or provide more information at that time.
This topic was automatically closed after 90 days. New replies are no longer allowed.