The land man came calling along Frenchtown Road. He didn’t promise $10 per MCF, like his counterparts were doing in the Barnett Shale for so long. He suggested $4.42 per MCF. The landowner would net 0.011995 interest in a well that was going to bring in 90,000 MCF per month.
Or, nearly $60,000 the first year in royalty income, on more than 1 million MCF of gas.
Here’s what production really looked like:
And here’s how much got deposited in the bank:
$5,166.
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That’s not even close to what my Environmental Doctor Bill was.
Or the cost of my first round of environmental testing.
false advertisement suit?
I guess they’ll have to make money the old fashioned way…..work for it.