Replies to This Discussion

Permalink Reply by GoshDarn on February 7, 2012 at 14:28

ABC

(a.k.a., Anyone But Chk)

When it comes to lease negotiations and trickery in the leasing and such, the word on GHS has clearly been that CHK is a bad actor.

Yet, there are other issues with all of 'em.  HK (now BHP) has nailed some good IP's.  Conversely, their Mississippi Lawyer Landmen they were using a while back, were dang tough to negotiate with.  Mean.

ECA seems to bring in darn good wells.  Do "think" they're kinda low-balling the leasing in the TMS, if you ask me.  But what do I know.  That said, besides a wellhead pipeline pricing issues with a few folks in RR Parish on their leases, it's my impression that ECA hasn't stepped on too many toes (yet).  But this is a guess.

Don't know much about Exco, although I think a certain GHS geologist might have an opinion.  (Could be wrong.)

So if it was me -- ABC . . . or I guess go with ECA if you can come to a fair price.

I have a hidden favorite, but it's my ace in the drill bit, so to speak.  (They done us right.)

 

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Permalink Reply by kittycatmama on February 7, 2012 at 16:22

Petrohawk(BHP) has been GREAt to work with. They email me back or call me when I have questions. Dealing with Exco now for first time and can't get any answers.

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Permalink Reply by GoshDarn on February 7, 2012 at 16:38

Kitty:

I've always found HK to be reasonably responsive after the wells come in.  True.  And in the past, I have recommended HK as a good company, too.  And (don't tell no one) I sorta like their NG pricing.  But on one negotiation, they played darn rough.  So, if someone can get a good deal, I have always said HK was a good operator.

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Permalink Reply by Parkdota on February 7, 2012 at 16:12

Encana has been a dream to work with.  I can even get someone to email or call me back same day with my issues or simple questions. 

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Permalink Reply by stroud on February 7, 2012 at 18:31

If you have the chance to deal with QEP, do it..........KP has been good........then there are the "got you guys"........Enc is good at making a well.......they are also creative in there  charges for the royality owner.........my favorite charge is the new high pressure gathering surcharge, it took them 3 years to think this up, I bet in the future there will be a low pressure  gathering surcharge........and then maybe a high and low surcharge

 

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Permalink Reply by FXEF on February 8, 2012 at 15:11

stroud,

With a "no cost royalty" clause it does not matter how creative they get. If you are in lease negotiations a "no cost royalty" clause probably should be one of the high priority items.  

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Permalink Reply by Two Dogs, Pirate on February 8, 2012 at 16:55

Unless they adopt the CHK model.

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Permalink Reply by Robert Griffin R on February 9, 2012 at 2:35

Could you tell us what you mean by the CHK model? Do you believe Chesapeake is ignoring no cost royalty clauses in some leases and taking deductions? Numerous people have complained that Chesapeake does not list deductions on royalty payments so how is a CHK lessor to know if deductions have been taken...or not? Thanks.

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Permalink Reply by olddog573 on February 9, 2012 at 4:10

I get paid by Samson and Chesapeake off the same well. While my Samson lease is not free of deductions my Chesapeake lease is, however I always get paid more $ per cubic foot for my gas from Samson than Chesapeake. I believe this is what he is referring to. I.e, You may have a cost free lease with Chesapeake but you are not going to get a maximum amount for the gas solder as you would with another company.

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Permalink Reply by The_Baron on February 9, 2012 at 4:28

Sounds like Sampson got tired of CHK and is taking their gas in kind and marketing it at a better rate.

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Permalink Reply by The_Baron on February 9, 2012 at 4:28

The Chk model.

 

sell the gas to your wholly owned subsidiary. They (CHK Engery marketing) buy the gas at a discount and resell all their gas at higher prices.

 

Technicaly they aren't deducting costs from you, just selling your gas at a lower rate than others in the same field.

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Permalink Reply by Roy Austin Smith on February 9, 2012 at 7:06

beg,plead, lie, threathen, email after email. and just maybe, maybe one employee will for orders to lie to you and send you a copy. and will proably lose job after that.

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