New to this

Oil and Gas Leasing Help
1

sorry but I would like to find out about 156 90 18. Can anyone help me calculate the payments on this well.

thanks

2

Here is a good royalty calculator:

http://extension.psu.edu/naturalgas/royalty-calculators/pennstate-royalty-calculator

3

http://startelegram.typepad.com/barnett_shale/2007/10/how-much-in-roy.html

4

I am still confused what if you do not know the production or the price of the oil??

Rob Eastwood said:

5

There is no well on 156 90 18

6

The number is 18069 it is in Mountrail County, Stanley, ND.

Tim Metz said:

There is no well on 156 90 18

7

NDIC File No.18069 is in section 23, township 155N, range 100W or 155 100 23 as you see it. The TIGER 1-23H well, last run was 8005
I’d figure close to what your payments would be but you didn’t give any information at all to be able to do so, sorry. Do you own in both tracts, 156 90 18 and 155 100 23?

If anyone is considering selling some of their North Dakota minerals / mineral rights email me and I’ll make an offer.
Tim Metz
email address:
tm59707@classicnet.net

8

The well is listed on the NDIC website, under 18069, if you search on wells using township, range, section. It is Palermo 2-18H, EOG Resources, and in Confidential status so I’m not sure we can be of much help. By the way, the number is listed as 18609 on the Confidential Well page with info release date of 12/21/10. not sure which number is correct but, based on Tim’s last note, I suspect the correct one may be 18609.

9

The NDIC gis mapping show it as a permit and not a well, therefore has not been updated in the last 5 months, when I looked at production history I found the gis was wrong and there is a well on 18-156N-90W. Dorothy is correct it is the PALERMO 2-18H NDIC File No: 18609. . The last run was 13837 and previous was 8174.

If anyone is considering selling some of their North Dakota minerals / mineral rights email me and I’ll make an offer. Tim Metz email address: tm59707@classicnet.net