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Join Date: Sep 2004
Location: Bradford County
a lot of variables go into it.
1. how many acres are in the unit, it's typically around 640, but can vary from 600 to 700
2. the price that nat gas is selling for. in the $4.00 plus range now, but can go higher /lower.
3. the percentage of royalty ( yours is 20%, state min is 12.5% )
a very rough guess for royalty payment is $100 per month, per acre. that is what i've seen on most royalty calculators on various web sights.
Your never to old to learn something stupid