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…Continue
I 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?
Added by bryan james on August 1, 2013 at 7:30am — No Comments