"OK thanks Skip"
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Steve P's Discussions
"Rebalancing Volumes"
13 Replies
Started this discussion. Last reply by Skip Peel - Mineral Consultant Jun 6.
CERA and Fossil energy conclusion
Started Mar 25, 2024
salt water injection well
4 Replies
Started this discussion. Last reply by Skip Peel - Mineral Consultant Oct 25, 2023.
Steve P's Page
Latest Activity
JAMES SMITH replied to Steve P's discussion "Rebalancing Volumes""Same thing happen to me April check went down $1000 and I didn’t even get one in May. They told me something about WI but all my acres are leased. "
Ryan Howrish replied to Steve P's discussion "Rebalancing Volumes""Unfortunately, it's not uncommon for allocation issues to arise when a non-operating working interest owner markets their own volumes. I am not sure how long the problem has been occurring. You should be able to tell based on the…"
Steve P replied to Steve P's discussion "Rebalancing Volumes""I've pushed back on Comstock, and they have referred me to accounting for more explanation.
My June check I received this week is back to normal."
w.r. frank replied to Steve P's discussion "Rebalancing Volumes""Any rebalancing between the WI owners should not impact a RI. EXP internal accounting used to say take a in kind by a a non-op WI shrinks the unit. In this case, the RI payment decimal (for EXP accounting) should increase. These is pure BS."
Steve P posted a discussion"Rebalancing Volumes"
I get royalties from Comstock every month from a variety of wells in different units. My interest is small.My royalty check for May was about 20% of what it usually is. This follows another small check earlier this year due to payments of severance taxes to La. I sent an email to Owner Relations to ask why the check was so small when the well volumes posted on Sonris didn't reflect a huge drop in production. The response was the following: “We have a partner working interest owner who is…See More
Steve P replied to Skip Peel - Mineral Consultant's discussion Louisiana lawmakers want to cut taxes for oil. They'd pay for it by upping taxes on natural gas."The suggestion or implication by the bill’s authors is that there are significant untapped oil reserves in the State, but those reserves are “uneconomic” due to the high severance taxes. What do geologists say about the…"
Steve P replied to Skip Peel - Mineral Consultant's discussion Industry pushes back on Drill, Baby, Drill - Consumers will be disappointed with energy price promises"CA requires a special blend for gasoline, not required anywhere else in the US. Thus, there are fewer refineriws, and no refineries built in the last 30 - 40 years, since the gasoline produced can only be sold in CA. Yes, CA relies on…"
Steve P replied to Skip Peel - Mineral Consultant's discussion Industry pushes back on Drill, Baby, Drill - Consumers will be disappointed with energy price promises"well, I would say that governments can certainly cause the price of oil “products” to go up. I lived in CA for a number of years. The price of gasoline is 50% higher than the rest of the country due to the State’s…"
Steve P replied to Skip Peel - Mineral Consultant's discussion Are You Being Paid?"thanks for that info. disappointing news that it's a dry hole. I had a company (not ARK-LA-TEX) interested in drilling a Paluxy on my property a few years ago. I guess that's why they stopped calling."
Steve P replied to Skip Peel - Mineral Consultant's discussion Are You Being Paid?"Skip: there is a Paluxy oil well drilled in property very near land I own. well is in 22-12N-13W, drilled by ARK-LA-TEX Energy, LLC (Shreveport)
and the last posting under well information is that the well was drilled, fracked, then…"
Steve P replied to Skip Peel - Mineral Consultant's discussion Pencil Whipping"I should get whoever keeps these books to keep mine for my income tax returns. They would clearly pay for their costs by reducing my taxes.
Too many good ones to mention, but I do like the charge for ‘teflon tape”."
Steve P replied to Skip Peel - Mineral Consultant's discussion The End of an Era"thanks, Skip, for this article. And, you are right - it is, unfortunately, the last of an era. It’s unfortunate that the “little guys” can get into the oil and gas business (at least as a driller/producer). As…"
Steve P replied to Skip Peel - Mineral Consultant's discussion News Flash: Federal Energy Policy Does Not Retard Oil Production"well, if the new administration allows new LNG facilities to get built, once those come on line that will certainly help the domestic NG market. I understand, the LNG exporters must have reliable customers buying that exported NG, but the…"
Steve P replied to Skip Peel - Mineral Consultant's discussion The Explosive Evolution of Fracking: A 75-Year Journey"great article. I knew that George Mitchell was the "Father of Fracking" but didn't understand the role he played. Also surprised by the 75 years ago aspect.
thanks for posting"
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- Landowner
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- Steve
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- 28704
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Comment Wall (7 comments)
- At 9:44 on October 31, 2017, Skip Peel - Mineral Consultant said…
Steve, I will be meeting with the editor of the Shreveport newspaper to discuss the possibility of a series of articles highlighting mineral owner concerns. I am considering including the Comstock units with multiple expired well permits. It would be helpful if I could ask you a few basic questions. If you are willing to help, please email me at skippeel@gmail.com
- At 3:22 on January 27, 2016, Skip Peel - Mineral Consultant said…
Steve, I fully agree with your reply in the recent Dr. Fine/Robert Johnson discussion. I would like to point out that Robert Johnson is not posting out of interest in a discussion but specifically to increase the "web presence" of Dr. Fine. I don't know if he gets paid or not but the fact that he never makes a reply in these discussion threads and "favorites" each one indicates that he is just pumping up the listing of entries for anyone searching Dr. Fine on the Internet. Keith and I have discussed it and doing so isn't against the site rules and occasionally there is one or more members who do reply so Robert has not been banned from posting to GHS. I'm not a big fan of this kind of activity but it is common on the web.
- At 16:52 on October 4, 2010,
Linda Whatley said…
- Thanks for the compliment....... it's wonders what makeup and good lighting can do!!!!!!....... I'm married to Marshal Wayne Whatley from Pineville,La. We've been married for 22 years. My first husband was Willie Junkin from Delhi, La. Willie and I divorced in 1979, and Wayne and I were married in 1988.
- At 16:40 on October 4, 2010,
- Hi Steve,
I don't use Facebook that much either. .... How've you been?
- At 15:57 on October 4, 2010,
- Hey Steve,
Are you Whit Porter's brother?
Linda
- At 2:06 on June 10, 2009, Streetglide said…
- Good hearing from you Steve. Hope things are well. I guess I look at this as lagniappe. If it comes, it comes. Just a little extra. But if it doesn't, I'm okay. What part of California. I spent my Navy time in San Diego.
- At 6:45 on May 12, 2009, Steve P said…
- Hello! I hope the site is a place for to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. We now have over 10,000 members.
Check out current discussions at HERE.
Also be sure to follow details on the site HERE.
Have fun SHALING!
Keith "Haynesville"
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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
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