The royalty division on Niobara wells I am seeing discussed here appears to be different from the division what we are getting on new Niobara wells.
This is a example off one quarter section with 8 well heads.
On the older 4 vertical wells we get full royalty, they aren't Niobara yet.
We have 4 new Niobara cross drilled wells with well heads on the property.
One pays full royaly, two pay 1/2 royalty and one pays 1/4 royalty. This 1/4 royalty well terminates in a corner where 4 sections meet.
On adjoining quarters with different owners that each have at least 3 new cross drilled Niobara wells, we get a full royalty from one well on the quarter section to the east, 1/2 royalty on 2 wells on quarter section to the north and a 1/2 royalty to one well on quarter section the west.
All the above wells are on leases that were done 40 years ago, wondering if that makes a difference?
Anyone else getting these type of divisions?