Have You Had Royalty Payments Suspended In The Last 18 Months? - GoHaynesvilleShale.com2024-03-28T15:36:51Zhttps://gohaynesvilleshale.com/forum/topics/have-you-had-royalty-payments-suspended-in-the-last-18-months?commentId=2117179%3AComment%3A3650845&xg_source=activity&feed=yes&xn_auth=noI own small bits of land or m…tag:gohaynesvilleshale.com,2017-12-06:2117179:Comment:36547842017-12-06T19:56:35.201ZSteve Phttps://gohaynesvilleshale.com/profile/StevePorter
<p>I own small bits of land or minerals scattered around Sabine and DeSoto, and get checks (not enough ownership to necessarily get checks every month) from Comstock, Vine, and GEP. Vine and GEP purchased the holdings on SWEPI and Encana. I've had no issues with these operators. And then there's CHK.</p>
<p>I've been in suspense from CHK for 3 years based on a revised survey plat. Incidentally, the revised survey showed the section change in total unit acreage was about 1%. The letter I…</p>
<p>I own small bits of land or minerals scattered around Sabine and DeSoto, and get checks (not enough ownership to necessarily get checks every month) from Comstock, Vine, and GEP. Vine and GEP purchased the holdings on SWEPI and Encana. I've had no issues with these operators. And then there's CHK.</p>
<p>I've been in suspense from CHK for 3 years based on a revised survey plat. Incidentally, the revised survey showed the section change in total unit acreage was about 1%. The letter I got from CHK indicated that I was over-paid by more than 25% of the total royalties I had received. So, it turned out that the revised survey conveniently "gave" some of my acreage to a neighbor. I sent another letter, and they admitted the mistake, and said that they would review and revise their calculations. That was two years ago, and I've sent further certified letters to them but no response. I don't concede that there was an overpayment, but even if there was, it would have easily been paid off by now. They are sitting on my money, and if I don't sue them, then it will likely stay that way. Presumably, I can sue CHK over the accounting demand, and get my attorney's feed paid by them. But the well is now in its 8th year of production, so investing a lot of time and my own money in a law suit is not worth it; and CHK knows that, and that's why i am where i am. This property is in a good location, so maybe some day either CHK will want to drill a CUL or will sell these holdings to another operator.</p>
<p>Glad I'm able to have a job where I can hold my head up and look people in the eye, and feel good about myself at the end of the day. I don't see how CHK employees can do that. or if they even try.</p> If any members have inaccurat…tag:gohaynesvilleshale.com,2017-12-06:2117179:Comment:36547692017-12-06T16:00:59.475ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>If any members have inaccurate survey/royalty suspension stories to tell, please make time to do so this week. Thank you.</p>
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<p>If any members have inaccurate survey/royalty suspension stories to tell, please make time to do so this week. Thank you.</p>
<p></p> Maybe, MB. I am trying to de…tag:gohaynesvilleshale.com,2017-12-03:2117179:Comment:36538432017-12-03T20:51:57.533ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Maybe, MB. I am trying to determine whether the bad survey problem is limited to Chesapeake or whether other original operating companies pulled the same shenanigans. Of course there are instances where units currently operated by other companies have bad surveys in units acquired from Chesapeake. So did SWEPI, Encana, Petrohawk pull the same stunt? Or just CHK?</p>
<p>Maybe, MB. I am trying to determine whether the bad survey problem is limited to Chesapeake or whether other original operating companies pulled the same shenanigans. Of course there are instances where units currently operated by other companies have bad surveys in units acquired from Chesapeake. So did SWEPI, Encana, Petrohawk pull the same stunt? Or just CHK?</p> A quick followup Skip as I’ve…tag:gohaynesvilleshale.com,2017-12-03:2117179:Comment:36539262017-12-03T15:02:41.789ZM B Gilsterhttps://gohaynesvilleshale.com/profile/MBGilster
A quick followup Skip as I’ve also had other RI changed in the last 24 months due to inaccurate surveys but those changes didn’t throw me into suspense *jail*.<br/>
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Any interest in that info being posted in this thread or too far outside of what you were trying to nail down?
A quick followup Skip as I’ve also had other RI changed in the last 24 months due to inaccurate surveys but those changes didn’t throw me into suspense *jail*.<br/>
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Any interest in that info being posted in this thread or too far outside of what you were trying to nail down? Thanks. We're back to inaccu…tag:gohaynesvilleshale.com,2017-11-30:2117179:Comment:36535452017-11-30T03:21:32.333ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Thanks. We're back to inaccurate original CHK unit surveys. I appreciate the detail and I'm glad you are back in pay.</p>
<p>Thanks. We're back to inaccurate original CHK unit surveys. I appreciate the detail and I'm glad you are back in pay.</p> Again sorry for the delayed f…tag:gohaynesvilleshale.com,2017-11-30:2117179:Comment:36533232017-11-30T03:10:51.819ZM B Gilsterhttps://gohaynesvilleshale.com/profile/MBGilster
<p>Again sorry for the delayed feedback Skip & due to another early day tomorrow, let's see if I can give ya a thumbnail sketch.</p>
<p>Went to bed on 31 Dec. 2016 *assuming* I had a zero bal. w/ CHK, the same as it's been each month since 2010. After being unable to view Dec. revenue activity on CHK's WS, I called the owner relations center (1st week of Jan) & was told I was in suspense w/ CHK due to an overpayment by them on CHK operated well 631748 > Pankey 27-14-15…</p>
<p>Again sorry for the delayed feedback Skip & due to another early day tomorrow, let's see if I can give ya a thumbnail sketch.</p>
<p>Went to bed on 31 Dec. 2016 *assuming* I had a zero bal. w/ CHK, the same as it's been each month since 2010. After being unable to view Dec. revenue activity on CHK's WS, I called the owner relations center (1st week of Jan) & was told I was in suspense w/ CHK due to an overpayment by them on CHK operated well 631748 > Pankey 27-14-15 H1.</p>
<p>They stated my CHK balance was -$21,838.10. I discovered their policy when an owner's account is in suspense, is that the owner must call or email & request a negative suspense report for EACH month they are in suspense. The first (Dec.) negative suspense report was in excess of 80 pages printed, & the subsequent months were 102 & 40ish.</p>
<p>Quoting a 1 April 2017 letter I received from a CHK accounting supervisor, "The overpayment occurred when adjustments were processed to correct the revenue CHK Operating paid you for Dec. 2010 thru August 2013 production. Our DO dept. made an adjustment to reflect a unit size change increasing the unit size from 641.93 to 643.159 acres per new plat & updated title."</p>
<p>Expecting this negative balance to take almost all of 2017 to be offset by production revenue, I was stunned this past March when my account was out of suspense & back into a pay status.</p>
<p>Given my 2017 legal expenditures already incurred (shared w/ you the complicated ORRI from the 1950s) I've held off on having Rex delve into this CHK can 'o worms.</p>
<p>Sorry for the book, it's late & you have my contact info. if I can clarify anything.</p> Thanks, MB.tag:gohaynesvilleshale.com,2017-11-29:2117179:Comment:36535172017-11-29T17:06:05.782ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Thanks, MB.</p>
<p>Thanks, MB.</p> Sorry for the delay/lack of f…tag:gohaynesvilleshale.com,2017-11-29:2117179:Comment:36534132017-11-29T16:57:26.499ZM B Gilsterhttps://gohaynesvilleshale.com/profile/MBGilster
<p>Sorry for the delay/lack of followup Skip, no excuses & will do my best to post it later this PM.</p>
<p>Sorry for the delay/lack of followup Skip, no excuses & will do my best to post it later this PM.</p> MB, when you get the chance I…tag:gohaynesvilleshale.com,2017-11-29:2117179:Comment:36532992017-11-29T16:26:33.741ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>MB, when you get the chance I'd like to hear your experience.</p>
<p>MB, when you get the chance I'd like to hear your experience.</p> Seems the problem is not limi…tag:gohaynesvilleshale.com,2017-11-20:2117179:Comment:36515012017-11-20T19:02:59.581ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Seems the problem is not limited to Louisiana, thanks Gary. If what I think has happened, this could be an issue in a number of unconventional basins.</p>
<p>Seems the problem is not limited to Louisiana, thanks Gary. If what I think has happened, this could be an issue in a number of unconventional basins.</p>