AboutCharles E. Felker Expertise Energy questions related to homeowners and their energy supplier.
Questions related to process control.
HVAC questions
Natural gas transmission, distribution.
Experience Penn State grad 1954 in Petroleum and Natural Gas Engineering. Forty five years experience in process control, natural gas processing, compression, transmission and distribution
Organizations ASME
Education/Credentials BS Petroleum & Natural Gas Engineering Pennsylvania State University
Question i have 100 acres in wayne co pa and recently signed a lease with hess....are they a godd co and how long will they take to pay. also what would you guess royalties would be with 600 acre pools-i have 100 acres.
thanks
Answer This is really a guess but based on the info you provided it would appear you have 1/6 interest and if the royalty is 1/8 looks like you get 1/48 of the production. Now if we assume the well produces 1,000 MCF per day at $3 per MCF looks like your share would be $6.25 per day. You know that nat gas prices have declined dramatically where just months ago it was going for $14/MCF its now at $3. I'm surprised Hess is actually drilling into the Marcellus Shale since they will go vertical and horizontal at big bucks. I would really appreciate hearing back from you if/when Hess actually drills and what they provide as production numbers. Thanks
