EOG Mineral Owner Timeline
- July 2010 – Notified by a Landman about being a Non-Participating Royalty Interest (NPRI) owner in Gonzales County, Texas
- August 2010 – Ratified Leases and signed other legal documents
- October & November 2010 – Ullman and Sweet EOG units are permitted
- January 2011 – 2 Ullman unit wells begin producing
- February 2011 – 4 Sweet unit well begin producing
- May 2011 – Division order received for the Ullman unit
- July 2011 – First check (Ullman only)
- July 2011 – Division order received for the Sweet unit
- September 2011 – Received check including Sweet unit’s production
- July 2012 – Revised division order for the Ullman unit
- October 2013 – 2 new wells permitted on Sweet Unit
- August 2014 – Mad J unit permitted (This unit was formed by taking portions of existing EOG’s Sweet & Lord D units)
- November 2014 – 2 new wells on Sweet begin to produce
- October 2015 – Mad J unit wells (6) begin to produce
- December 2015 – Division order received for Mad J unit
- January 2016 – First payment received for Mad J unit
Mad J Unit: This new EOG unit combines 188.09 acres from the Sweet unit, and 72.18 acres from the Lord D unit. I was initially concerned that I would not have any royalty interest in the Mad J Unit since my tract of land is not within the new unit. However, the unit is basically an allocation unit (probably not technically correct) where the royalties are proportionately shared between all the owners of the Sweet and Lord D units. My Mad J Unit division order is my Sweet Unit decimal interest multiplied by the Sweet Unit’s percentage (.7218) of land in the new unit. For example, an 0.001 interest in the Sweet Unit would result in an .0007218 decimal interest in the Mad J Unit.
Attached is an Excel file showing production of the Sweet and Ullman units from 2011 thru 2015. You can change years be selecting a different sheet (tab) at the bottom of the file.
EOG Prices for Oct & Nov 2015
October 2015 |
November 2015 |
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Oil |
$48.73 |
Oil |
$43.47 |
Condensate |
$47.10 |
Condensate |
$41.99 |
Gas |
$2.38 |
Gas |
$2.09 |
Plant |
$15.05 |
Plant |
$12.44 |