La Salle County

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La Salle County

All things pertaining to leasing, drilling and production in La Salle County.

Members: 43
Latest Activity: Jul 26, 2017

Discussion Forum

CHK Royalty Adjustments

Started by Mary Ellen May 20, 2014. 0 Replies

La Salle County wells Los Angeles

Started by DMG. Last reply by Andrew Swann Oct 3, 2013. 4 Replies

White Kitchen

Started by Maggie. Last reply by Clifford H Budd Jul 1, 2013. 1 Reply

Comment Wall

Comment by Clifford H Budd on June 28, 2013 at 1:58pm

My ex owned acreage in La Salle and as a Reservoir Engineer who has bought and sold millions of dollars worth of oil and gas properties, I am curious and interested.  I am an unbiased observer.

Comment by Paul Widlund on June 12, 2015 at 11:35pm

Being exceedingly naive on this - Can anyone give me an estimate on the timeline between initial leasing - to spud date - to production - to royalty receipts ?   Thank You.. 

Comment by Mark on June 13, 2015 at 1:35am

Response to Paul - it all depends on the operator. Getting leased is no guarantee of getting drilled. And the operator can take up to the full term of the lease (3 to 5 years) to spud a well.

If a well is spud (and I am assuming you are talking about an Eagle Ford well), a reasonable estimate to the receipt of the first royalty check is 6 to 8 months.

Comment by Paul Widlund on June 13, 2015 at 1:37am

Thank You Mark - Yes - Eagle Ford ... 

 One other question - Once royalties begin, are they usually monthly or less frequent ? 

Comment by Mark on June 13, 2015 at 1:43am

Nothing new on the Naylor Jones Unit 6 wells - I would expect to see some completion forms in 1-2 months and possibly some post frac flow back production rates on Tx RRC next month (when May data posts).

Keep your eyes on the Tx RRC site for any updates on these wells.

Comment by Mark on June 13, 2015 at 2:14am

Royalty checks for O&G production will be sent out monthly like clock work. They only get less frequent if the total amount of your check drops below a certain amount (e.g. a few dollars a month) - in those cases, the operator waits several months before sending a single check for the entire period.

Comment by Paul Widlund on June 13, 2015 at 8:58am

Thank You...

Comment by Mark on June 15, 2015 at 8:52am

Spud = the start of drilling a well (which takes 2-3 weeks for a typical Eagle Ford well).

Suggest you look through the discussions in this Forum and use the "search" options in it to help with your education on O&G issues. There is a primer here about using Tx RRC site too.

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Cost Depletion: A Valuable Tax Deduction for Royalty Owners

Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Background:
 The Internal Revenue Code allows a deduction known as “depletion” for oil & gas income. The depletion deduction could save a taxpayer thousands of dollars in income taxes. Since a mineral interest runs out…

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