Does Chesapeake charge your interest a marketing fee?
I have two leases - one is 50 years old that was HBP; the second, a 2009 lease with a "no fees" addendum to my lease.
My most recent check stub has deductions for the following. I have production from 2 wells, covered by the same lease.
fuel gathering(compression) there is a small amount listed (less than a $, but my total royalty for this property was less than $150
fuel mainline same as above
Gathering a larger deduction, still less than $10
Marketing there is a listing of several hundreds of $ under the "value" column, but not deduction for me
Transportation about the same as the first two above
well # 2 - a 2009 lease that has a "no fees" addendum
only deduction is for severance tax
For well #1, my royalties are clearly separated into two different royalty amounts - reflected the 1/8th lease from the 1/4th lease, but there are deductions from both. I think this must be incorrect. I will have to go into my files and pull out some older royalty checks from CHK to see if I've been missing this.
Thanks, Steve. I look forward to hearing what you find. I'm curious if the Marketing fee is a "value" that ever turns into a deduction across a number of consecutive monthly statements. I'm trying to figure out if CHK still sells your gas to CEMI and deducts a marketing charge on your older HBP lease.