Tuesday, October 1, 2019

XTO: September, 2019, Royalties And Projected Income

Tucker's September, 2019, data regarding XTO royalties:
  • XTO operated wells: 27
  • total production: about 28,000 bbls total for the month
  • five wells currently on the confidential list (status completely unknown), permit numbers, #36627 - #36631, inclusive 
  • one assumes that these wells will be drilled in early 2020; could go into production late, 2020
  • these wells are in Tobacco Garden
  • Tobacco Garden is a great oil field
  • one would expect about 150,000 bbls in the first year for each of these wells
    • if one received $150 on 30,000 bbls, one could expect about $3,750 over the course of the first year for those five wells
    • the other wells might be steady steady state (about $150/month for quite some time)
    • $3.750 / 12 = $300
    • + $100
  • = $400/month from XTO in 2021


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