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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: D.B. Cooper who wrote (13471)	1/21/2005 7:48:10 AM
From: Sig	Read Replies (1) \| Respond to of 13815

.You should check to see if you get some royalites.>>> Three seismic crews have run surveys here, each one paying $5 per acre just to run their cables over the property. I have already signed up with a gas company for 3 year contract, with an advance of $320 and should also get perhaps 22% of the value of gas extracted. Thats for 5 acres. Now my neighbor to the west has 3800 acres, so he should have received $47,000 just for permitting the seismic surveys. With one well allowed per 40 acres, he could have 95 wells each producing 1mm cu ft per day with a market value of $6000 per well. The total would be $570,000 per day of gas of which he might get 1/4 th. That would be maximum because... 1. It would be more like 160 acres per well 2. The average gas per well would be much less, like less than 300k cu ft per day. 3. He is not sure yet whether there is any gas down there. So I doubt if he would be getting more than $47,000 per day (hahahaha) At this moment he is running about 70 cattle over there, with a profit of perhaps $2100 per year. So This would be big improvement if there gas is down below. I am sure there is gas down there, as it is trapped in a 500 ft deep layer between rock layers at a depth of 5000 to 10000 feet, and covers an area of 7 counties. My well water (from 220 feet down) smells like hydrogen, and a fine oil scum forms on my pond. <<< My folks have some wells that are capped in N.D. and I think that the surrounding ranches share in the field.>>> Dont sell it , opening old wells is major industry today. <<Can that dog hunt?>> Its part Dalmation,it is cowed by chickens or cats,and it has never chased anything but other dogs. Sig