More than 1 well has been drilled in the wrong location...it happens more than most people think...it's just usually on the same owner's property!
Type: Posts; User: CARTEK; Keyword(s):
More than 1 well has been drilled in the wrong location...it happens more than most people think...it's just usually on the same owner's property!
Base your mineral lease for residential property on $1500/acre to $2000/acre. Thus, if you have a 75'x125' lot, you're looking at no more than $430 for that lot. A quarter royalty is a good payout...
...no royalties until all costs and expenses are recouped!
I understand that there is not a single well yet producing in this zone. Isn't this the same play that eventually killed Crystal 20 years go?