Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2021 at 14:45

Black Falcon Energy is a Texas registered corporation.  I'm not familiar with the company.

BLACK FALCON ENERGY, LLC
32057705413
717 TEXAS ST STE 3100 HOUSTON, TX 77002-2816
ACTIVE
DE
07/06/2015
0802247604
C T CORPORATION SYSTEM
1999 BRYAN ST., STE. 900 DALLAS, TX 75201

Plains acquired an interest in Chesapeakes's Haynesville leases early in the play. Plains was sold to Freeport-McMoran, not Chseapeake.

Plains Exploration & Production was a petroleum and natural gas exploration company based in Houston, Texas. In May 2013, it was acquired by Freeport-McMoRan.

Both Larchmont and Jamestown were corporations created by Aubrey McClendon while he was still CEO of Chesapeake.  He had a 2 1/2% interest in many, if not all, Chesapeake wells and he held those stakes in Larchmont and Jamestown.  The companies still exist as indicated by their Louisiana corporate registrations.

LARCHMONT RESOURCES, L.L.C.

Limited Liability Company (Non-Louisiana)

OKLAHOMA CITY

Active

Previous Names

Business:	LARCHMONT RESOURCES, L.L.C.
Charter Number:	40397670Q
Registration Date:	1/11/2011

Domicile Address
	6100 N WESTERN AVE
	OKLAHOMA CITY, OK 73118

Mailing Address
	717 TEXAS AVENUE
	SUITE 3100
	HOUSTON, TX 77002

Principal Business Office
	717 TEXAS AVENUE
	SUITE 3100
	HOUSTON, TX 77002
Registered Office in Louisiana
	3867 PLAZA TOWER DR.
	BATON ROUGE, LA 70816
Principal Business Establishment in Louisiana
	501 LOUISIANA AVE
	BATON ROUGE, LA 70802

Status
Status:	Active
Annual Report Status:	In Good Standing
Qualified:	1/11/2011
Last Report Filed:	12/30/2020
Type:	Limited Liability Company (Non-Louisiana)

Registered Agent(s)

Agent: C T CORPORATION SYSTEM Address 1: 3867 PLAZA TOWER DR. City, State, Zip: BATON ROUGE, LA 70816 Appointment Date: 2/5/2016

Officer(s)

Additional Officers: No

Officer: LARCHMONT INTERMEDIATE HOLDCO, L.L.C Title: Member Address 1: 717 TEXAS AVENUE Address 2: SUITE 3100 City, State, Zip: HOUSTON, TX 77002 Officer: RICHARD K. II PUNCHES Title: Manager Address 1: 717 TEXAS AVENUE Address 2: SUITE 3100 City, State, Zip: HOUSTON, TX 77002 Officer: BRIAN SHANNON Title: Manager Address 1: 717 TEXAS AVENUE Address 2: SUITE 3100 City, State, Zip: HOUSTON, TX 77002

JAMESTOWN RESOURCES, L.L.C.

Limited Liability Company (Non-Louisiana)

OKLAHOMA CITY

Active

Previous Names

Business:	JAMESTOWN RESOURCES, L.L.C.
Charter Number:	40407134Q
Registration Date:	1/21/2011

Domicile Address
	6100 N. WESTERN AVE.
	OKLAHOMA CITY, OK 73118

Mailing Address
	717 TEXAS AVENUE
	SUITE 3100
	HOUSTON, TX 77002

Principal Business Office
	717 TEXAS AVENUE
	SUITE 3100
	HOUSTON, TX 77002
Registered Office in Louisiana
	3867 PLAZA TOWER DR.
	BATON ROUGE, LA 70816
Principal Business Establishment in Louisiana
	501 LOUISIANA AVENUE
	BATON ROUGE, LA 70802

Status
Status:	Active
Annual Report Status:	In Good Standing
Qualified:	1/21/2011
Last Report Filed:	1/5/2021
Type:	Limited Liability Company (Non-Louisiana)

Registered Agent(s)

Agent: C T CORPORATION SYSTEM Address 1: 3867 PLAZA TOWER DR. City, State, Zip: BATON ROUGE, LA 70816 Appointment Date: 2/5/2016

Officer(s)

Additional Officers: No

Officer: EIG ENERGY FUND XV, L.P. Title: Member Address 1: 717 TEXAS AVE., SUITE 3100 City, State, Zip: HOUSTON, TX 77002

• ▶ Reply

Permalink Reply by Judy McDaniel on September 27, 2021 at 23:00

Skip, thank you so much for your reply.  You are so helpful.  Yes, I did know that PXP sold their interest to Freeport-McMoran only because Freeport promptly sent division orders to me and started paying royalty interest to me.  However, at some point Freeport sold (or traded, however these deals are handled) their interest back to Chesapeake (this is an assumption on my part due to the fact that Chesapeake increased my interest) because a Freeport Rep told me they did not like the way Chesapeake did business. So, if Aubrey McClendon retained 2-1/2% interest in Chesapeake wells, Who was supposed to pay lessors their portion of this production?  I just  know at this point I have not be paid 25% royalty since production started.  According to my calculations I am only being paid 15%.

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on September 28, 2021 at 2:55

Your welcome, Judy. Over time CHK sold off portions of their Haynesville Shale leasehold to multiple operating companies.  I'm sorry to hear that they kept your section.  I suspect that CHK paid Aubrey's portion of the royalty burden until sometime after his death.  CHK was sued by Larchmont and maybe by Jamestown shortly after that happened.  If memory serves one or both entities were pushing CHK to drill more wells for which Aubrey had the 2 1/2% interest at a time that CHK had transitioned to acquiring and drilling oil reserves.  I do not know how that turned out or how the bankruptcy may have affected the legal relationship.

Do you have no cost royalty language in your lease?

• ▶ Reply