Is there an easy way to calculate my potential earnings off of an oil well being drilled on my property?

[TomP]

The company is "conservatively predicting" ¾ of a million cubic feet of gas per day, and 40 barrels of oil per day. I will receive 25% of the royalties.......how can I calculate potential income?

[MikeM]

Unless you have other wells close by that you know how much they produce, then no.Then it's still at best, an estimate.

[GIO0771]

40 Barrels = $98 a barrel then plus profit they have to make so $90 bucks a barrelSo about $4000 a day divide by 4 that's $1000, times 12 months = 10,000.POTENTIAL.I'm not sure if it's accurate but about $10,000. Take off tax $6000.THATS OIL ALONE

[RAVENHODGES]

Times the 40 barrels by the price that will be paid for each barrel and ten divide it by 4 or 25 %.If I'm not badly mistaken , the price for a barrel is around 138.00 but that is for oil from other countries.So A big approximate guess would be around .......$1,380.00.....or just say to heck with it and don't worry about it and be happy with what you get,which is more than what you had before. lol....