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j428h t1_j3pl1oa wrote

Marcellus Shale, what does he look like?

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dogmomdrinkstea t1_j3pqizd wrote

Does he look like a bitch?

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PPQue6 t1_j3pr8wl wrote

What....

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Crypto_Candle t1_j3z2c2m wrote

SAY WHAT AGAIN!

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PPQue6 t1_j3z2hmf wrote

Say what again. SAY WHAT again! And I dare you, I double dare you motherfucker! Say what one more time.

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dogmomdrinkstea t1_j3praii wrote

It's a Pulp Fiction reference thread.

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PPQue6 t1_j3prl3y wrote

Sigh....I know that. You were supposed to reply "Does he look...like a bitch" then I say "What..." again and then of course there's the line everyone knows....

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dogmomdrinkstea t1_j3psfex wrote

I r/whoosh myself of this. Tbf, I'm up in the middle of the night bc of my teething infant, so I'm not exactly 💯.

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cutiecat565 t1_j3pftii wrote

Depends on their contract, the amount of gas under their property, and supply/demand. No way to know.

And they are already likely very loaded. When I used to taxes my one client had gas land and would get $800-1 mil a year.

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Matt-33-205 t1_j3pgw8i wrote

Those property owners are relatively rare. You would have to own a large farm or similar property with multiple high producing wells to yield $1 million annually in royalties. They definitely exist, I can confirm that fact.

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Alternative-Flan2869 t1_j3qbh7w wrote

Isn’t the first year the sweetest $$$ spot and the rest not that amazing?

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Blexcr0id t1_j3qmwzg wrote

Yes. If you own a bunch of land and stagger well installation, you could plan for optimal revenue year-to-year.

https://extension.psu.edu/natural-gas-production-decline-curve-and-royalty-estimation/

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brodad12 t1_j3rqkf2 wrote

That is helpful, says 60-80% drop after first year, that's a bit disappointing. It isn't my money after all but my family member is currently getting $25ish k a month but it sounds like that will def taper off.

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Wild_Box9005 t1_j3s70ii wrote

My family receives over 400k a year, they have for the past 15 years. It gets split into 9 but still a good income just for owning land

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brodad12 t1_j3sgy17 wrote

Oh cool that is similar for my family member. So you guys haven't seen a big drop off in income. Good to know.

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Wild_Box9005 t1_j3soucv wrote

I’m part of the exiled side who sees no money, but according to cousins it has not

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Major_Bother8416 t1_j3qd0u4 wrote

No way to know for sure. How much they take is directly tied to demand and limited by how much gas is down there. The wells I’ve seen only lasted about 10 years, but it’s not uncommon for them to come back 30-80 years later and re-drill the same land for different products. Our gas wells are on top of old oil wells.

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Advanced-Guard-4468 t1_j3qus8v wrote

Why would they talk about it? It's their income stream.

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brodad12 t1_j3rqohm wrote

You don't know any assholes that brag about their income?

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PhillyAccount t1_j46sm5b wrote

Complete side note, but I was looking for some rural 'property' to buy in central PA...just as an escape and a way to return to my roots. Jesus christ everything is so expensive because of shale speculators. Compare land prices in PA to upstate NY (where fracking is banned). It's wild.

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