Updates
July 3, 2022: there appears to be an easy explanation for the huge increase in royalty payments noted in the first post below. The company "found" two wells going all the way back to 2013 on which the owner was due royalties.
Original Post
The Bakken: I honestly cannot explain this.
A reader asked me if I might know something:
This particular reader generally receives less than $500 / month on his mineral holdings from a particular company.The last two months have been running about $350 / month.This month his royalty check was for $1,300.The reader sent me a list of the operator's wells in which he owns minerals.Total production has decreased slightly but only slightly.My hunch: the reader has wells of which he/she is unaware.Or the operator is doing very, very well with unhedged sales. LOL.
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Not The Bakken
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Your follower might have received some uprise if their was a well drilled right on the edge (section line) of his mineral acres which gets divvyed up.. He probably made more money off the lease than he will off royalties... 10 completed wells this spring increased payments to 162K ytd, 9x 2021 total payments. That will diminish soon and ever so Thankful. Picking Grampa and Dads rocks finally paid off....smile
ReplyDeleteYou could be correct. There are so many possibilities. The reader needs to provide data from production reports, specifically, the wells (names or NDIC file number).
DeleteMy checks run 2 months behind and in April, ND was hit by 2 blizzards. Usually slows things down. Expect everything to be back to normal next month. Also the possibility of halo affects from nearby fracking can cause ups and downs as well
ReplyDeleteThank you ... I was not aware of that ... a two-month delay. Thank you.
DeleteNot sure why but could not comment yesterday on computer via my blogger account. Yet its fine in my Kindle tablet. Consider myself fairly good at techie stuff, but sometimes it baffles me
DeleteSo, yeah Slawson/Marathon checks run two months behind.
Occasionally I have trouble replying also -- I think it was something to do with the browser being used .... it seems right now, the blogger app is optimized for Chrome. Anyway, thank you ... I was not aware that checks could run two months behind.
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