Replies to This Discussion

landownerPermalink Reply by waltcop on February 16, 2020 at 19:15

Skip Peel, sending a friends request. We were friends before the revamp. I think I am an UMI in S5-9N-12W on road ride-away land adjacent to my gas lease (no mailbox money this past year from XTO lease or Chesapeake who drilled the well).

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on February 17, 2020 at 2:42

Thanks, waltcop.  If Chesapeake operates your well, and those minerals are not covered by a lease, the company owes you quarterly production reports to track the well to payout.  After payout you would receive 100% of the value of your portion of the unit production less Lease Operating Expenses.  If you have not noticed Chesapeake and demanded they recognize your interest and send you the monthly reports, I suggest you do so.  Chesapeake has already been sued by way of a class action suit for deducting costs from the production of unleased mineral owners that are not allowed under the Louisiana Mineral Code.  I suspect that all the Haynesville Shale operating companies are doing the same and posted this discussion to try and contact a member who is unleased to Vine.