royalty from a new well...some data for you to put your head around...
Santo is paying NWX about $10K per month from pel 513...pel 513 is Beach at 40% and Santos at 60%... pel 513 produced about 50K boepd for Beach last qtr (90 days).... you could then figure out what Santos produced with their 60%.... then figure out the production per day... then you know what the royalty of $10K per month covered... you could then compare that to the recent 2Mmcfd well
the info is there... my head hurts...LOL
anyone care to give it a go? LOL
pel513 Beach got the 40% when they bought Drillsearch. Santos always had 60% of it.
Today with natgas at $6... and oil at $56 Brent... the old 10:1 ratio is good... but we now use a 6:1 ratio.
step up and give it a good old fashioned try.