I'll try to keep the number of questions small. Maybe I can add some as time goes on.
My wife inherited some mineral rights and signed a lease with Antero nearly 5 years ago. We live in Texas, so most of what I can find out has been from the internet. I discovered a month so ago, one of the drill pads had 3 legs completed in Jan 2016, but it seems Antero shut down drilling until recently. About 3 weeks ago, I found a website for Paterson UTI active rigs and to my surprise, a rig was sitting on that pad. Yesterday, I noticed the rig is not listed on that pad. So I am assuming they have finished drilling on that pad and will be moving the rig. Naturally, we are encouraged and trying not to be too excited.
Once Antero quits drilling, how long until production begins?
Once production begins, how long does it typically take for Antero to issue Division Orders?
Once production begins, typically how long until Antero issues a check?
And finally, does anyone know how Antero calculates the amount they pay for a unit of gas?
Now that they have formed Antero Midstream, I am guessing they are selling the gas and liquids to Midstream for a price much lower Midstream sells it for on the market and they use that smaller number for the royalty payments.
Any comments would be appreciated very much!