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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Permalink Reply by Keith Mauck (Site Publisher) on May 6, 2016 at 2:36

You should take a picture and post it in this thread...

Permalink Reply by mickiebyrd on May 6, 2016 at 3:08

Here is one page.  Look at first 2 wells  February production.

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Permalink Reply by RODNEY KRET on May 6, 2016 at 8:06
Well, at least you got to pay negative taxes. That's everybody's dream, isn't it?
Permalink Reply by Barnburner16 on May 6, 2016 at 9:30
This is working Interest? Couldn't make out the interest type on Stubbs...
Permalink Reply by mickiebyrd on May 7, 2016 at 4:00

No it is royalty interest. 

Permalink Reply by Lerret on May 7, 2016 at 17:17

Sue them to break the lease. If not economic to operate the well needs plugged and abandoned.

Permalink Reply by Bean Counter on May 10, 2016 at 7:58

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.

Permalink Reply by mickiebyrd on May 29, 2016 at 6:22

This month they are charging me up to 75 cents to sell my gas.

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