Typical Royalties Paid in SW Wyoming

Donald P. Leach · 2011-08-30T17:30:07Z

I have recently signed a lease in sw wyoming, and am new to the oil/gas business. Could someone give me an idea of royalty payment amounts. For example, what is the typical value of a barrel of oil sold at the wellhead and what then is a typical amount of royalty paid per barrel. For example, if one barrel is priced at the wellhead at $40.00, is the 3/16 royalty amount paid based on the $40.00, or are there expenses/taxes/etc. subtracted first? I am trying to arrive at a typical amount of royalty paid per barrel based on a 3/16 royalty rate. Thanks Don

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