I apologize up front and hope this does not violate any forum rules, but I posted this in the Karnes County section almost 2 months ago and didn’t hear anything back. Am hoping maybe someone in thus general forum can give me guidance.
I apologize if this has been addressed, and realize also there may be no set answer. My wife and I sold our property about 10 years ago, but did manage to thankfully retain 50% of the royalty rights to the minerals. The property falls in the oil/gas condensate eindow of the Eagle-Ford Shale play. As I understand it, we only get money if an oil/gas well produces. That being said, I was wondering if there is a general timeline to the process. The land where our acreage was located has been pooled (approx 99 acres) and two wells have approved permits posted on the RRC site as of 8/15 and 8/16 respectively. Is there a general timeline for the process that would give us an idea of how soon to expect some, if any royalties? From what I have found so far, I am of the understanding that once the wells are drilled and pressure tested you are still looking at 2-3 months before they produce. What I don’t know the timeline from the permit approval to the time they actual send out the drillers to start working on drilling the well.