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Interactive Tool

Royalty Income Estimator

Estimate the income a royalty position could generate, and see how sensitive that income is to the commodity price you can't control.

0.00050.012500.05

Your net revenue decimal, the fraction of unit revenue paid to you. Confirm this against your division order.

2K24,000 BOE/mo80K

Total monthly production from the drilling unit, in barrels-of-oil-equivalent.

$30$60/BOE$110

Price per BOE after differentials and severance tax. This is the variable you have the least control over.

What this tells you

Royalty income is cost-free, but it moves almost one-for-one with price. The chart shows the same position across five price environments — the spread is the price risk you carry.

Estimated Income at $60/BOE
$18,000
Per Month
cost-free royalty
$216,000
Per Year
cost-free royalty
Annual Income Across Price Scenarios
$40
$144K
$55
$198K
$70
$252K
$85
$306K
$100
$360K

Year-1 annual income, before decline. The same well pays roughly 2.5× as much at $100 as at $40.

All ToolsFigures are illustrative estimates for education only and do not constitute investment advice or a projection of actual results.