What is the name of your state (only U.S. law)? CO
We have a natural gas producing well that has produced since 1994. Lease was never signed. There are two wells producing. For simplicity let's round off to 2,500,000 (MCF) produced over that time period. The initial offer was 1/8 of royalties produced off well/wells. 3.58 acres X 25% mineral interest which = .895. Royalties were never paid. At this point in time, there are 3 surviving beneficiaries to this well. Can someone give me estimate of what all would be worth? (even at what was offered 14 years ago). I realize new natural gas prices apply to make it current and there is interest over the last 14 years too. But I am just looking for a ballpark. Not sure how to do the math. Thanks!!
We have a natural gas producing well that has produced since 1994. Lease was never signed. There are two wells producing. For simplicity let's round off to 2,500,000 (MCF) produced over that time period. The initial offer was 1/8 of royalties produced off well/wells. 3.58 acres X 25% mineral interest which = .895. Royalties were never paid. At this point in time, there are 3 surviving beneficiaries to this well. Can someone give me estimate of what all would be worth? (even at what was offered 14 years ago). I realize new natural gas prices apply to make it current and there is interest over the last 14 years too. But I am just looking for a ballpark. Not sure how to do the math. Thanks!!