Chesapeake charging me for my gas.
Its finally here. Chesapeake charged me to take my gas. The price they paid me on some wells, mainly in the Barnett shale was a negative $0.20 to negative $0.32. Wow what crooks.
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Replies to This Discussion
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Permalink Reply by Keith Mauck (Site Publisher) on
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You should take a picture and post it in this thread...
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Permalink Reply by mickiebyrd on
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Here is one page. Look at first 2 wells February production.
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IMG_3500 (1).JPG, 151 KB
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Permalink Reply by RODNEY KRET on
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Well, at least you got to pay negative taxes. That's everybody's dream, isn't it?
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Permalink Reply by Barnburner16 on -
This is working Interest? Couldn't make out the interest type on Stubbs...
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Permalink Reply by mickiebyrd on
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No it is royalty interest.
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Permalink Reply by Lerret on
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Sue them to break the lease. If not economic to operate the well needs plugged and abandoned.
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Permalink Reply by Bean Counter on
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Looks like some funky revenue accounting.They realized it too. Notice how on the next 2 lines they manually zero out the negative balances? But that still left you with no revenue for Feb 16. See if they go back and correct it on the next check. On the bright side, you made 3 cents on the PPA's. j/k.
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Permalink Reply by mickiebyrd on
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This month they are charging me up to 75 cents to sell my gas.
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