Oil revenue expectation

I own a small mineral interest in T7N-R3W, Sec4: 1.67 net under 100 gross. I recently leased for 3 years, 1/4th royalty, depth clause, horizonal severance, no marketing and gathering fees, no top lease option. Is anything happening in this section yet. Generally, looking at wells close by, what might one expect to get off production from such a small mineral interest?

Disclaimer: I’m not an engineer.

I just took the 2 mile horizontal wells drilled in that past few years in the entire township. The average amount of those wells would pay you around $4,500/ac over the next 15 years @ a 18.75% royalty. This DOES NOT include the deduction(s) that the operator can take out of your royalty check.

Again, this is just an average and a small sample size. Not to mention no one can predict commodity prices. Timing is everything. There are better wells to the west of your townships and there have also been some bad wells drilled in the area.

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