Whoever first said "patience is a virtue"...probably never dreamed it would have natural resources implications....
Initially EOG believed that from 640 acres of its Eagle Ford property the company could recover 4.5 million barrels using 65 acre spacing.
Through trial and error, EOG has discovered that 40 acre spacing is actually going to work better which means the company will increase the amount of oil recovered by 42% and the net present value of that…
ContinueI am trying to figure out a value for half of my minerals, (will equal .10 royalty multiplier) along with current oil production on the property with 500 surface acres. The OGL is within the core Marathon assets along Highway 99 in far southeast Atascosa county.
Does anyone have an idea on how I could arrive at an approximate value for the property?
Thanks,
Mr. James
Added by bryan james on August 1, 2013 at 7:30am — No Comments
31 members
36 members
3 members
45 members
12 members
Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments 0 Promotions
Owners of minerals and royalties may be interested to learn that the Internal Revenue Code "IRC" allows a deduction known as “depletion” for oil & gas income. The depletion deduction could significantly reduce a royalty owner's…
© 2019 Created by Keith (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutWhat makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen. [ Read More ] |
Links |
Copyright © 2017 GoEagleFordShale.com