# Need online gas royalty estimator
**URL:** https://www.mineralrightsforum.com/t/need-online-gas-royalty-estimator/4466
**Category:** Blaine County, OK
**Created:** [September 2, 2016, 12:34am UTC](https://www.mineralrightsforum.com/t/need-online-gas-royalty-estimator/4466 "2016-09-02T00:34:26Z")
**Posts on this page:** 5
**Page:** 1
### Author:  [@Greg\_Turner](https://www.mineralrightsforum.com/u/Greg_Turner)
#### Post date: [September 2, 2016, 12:34am UTC](https://www.mineralrightsforum.com/t/need-online-gas-royalty-estimator/4466/1 "2016-09-02T00:34:26Z")
Looking for online gas royalty estimating tool. I want to input production Mcf, well head price, acres owned etc. Is there something available. Also, if the total Section is 640 acres and it is split 66.7% in one Section and 33.3 in another Section how do I formulate (or input) this to make the gas royalty accurate?
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [September 2, 2016, 12:55am UTC](https://www.mineralrightsforum.com/t/need-online-gas-royalty-estimator/4466/2 "2016-09-02T00:55:21Z")
You are dealing with a 1280 acre spacing. Hopefully your minerals are in the 66.6667 Section?
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### Author:  [@Greg\_Turner](https://www.mineralrightsforum.com/u/Greg_Turner)
#### Post date: [September 2, 2016, 1:08am UTC](https://www.mineralrightsforum.com/t/need-online-gas-royalty-estimator/4466/3 "2016-09-02T01:08:01Z")
640 acre spacing Tom. And we are in the 66.7 Section
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### Author:  [@Stephen\_Weeks](https://www.mineralrightsforum.com/u/Stephen_Weeks)
#### Post date: [October 6, 2016, 2:22pm UTC](https://www.mineralrightsforum.com/t/need-online-gas-royalty-estimator/4466/4 "2016-10-06T14:22:19Z")
The calculation is gas production rate times gas price times production days per month times unit factor times your interest times your royalty. I will assume that you own 40 acres because you don’t say how many acres you own. I will also assume 3/16 royalty, $2.00 per mcf, and 30.4 days per month (yearly average used in the oil business). Production taxes tend to be 1 or 2% for new gas wells in Oklahoma. I ignored the tax. Some leases include deductions for post-production processing, etc., and I have ignored those. These costs tend to become significant when production declines or is small to begin with.
Here is the calculation: (500 mcf per day) times ($2.00 per mcf) times (30.4 days per month) times (2/3 unit factor or 66.7% unit factor) times (40 acres net / 640 acres gross) times (3/16 royalty) equals (your royalty payment per month).
500 x 2.00 x 30.4 = $30,400 per month in gas revenue for the well
500 x 2.00 x 30.4 x 2/3 = $20,266.67 per month for your tract
500 x 2.00 x 30.4 x 2/3 x 40/640 = $1,266.67 per month for your acres (whole interest)
500 x 2.00 x 30.4 x 2/3 x 40/640 x 3/16 = $237.50 per month for your royalty interest
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:03pm UTC](https://www.mineralrightsforum.com/t/need-online-gas-royalty-estimator/4466/5 "2018-08-14T23:03:15Z")