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Permalink Reply by Sally on July 22, 2012 at 10:38

If the volume is reported at a different pressure, wouldn't one expect this to affect the price as well? On my lease, CHK's volume has been consistently reported as 5.18% less than the volume per SONRIS (and per PXP for the same well), yet CHK's prices are consistently 12-20% lower than PXP's prices on the same well. I wonder if they are reporting volume at a different pressure in order to partially mask the disparity in prices.

Also, CHK recently retroactively adjusted all previously paid volume amounts (going back to October 2010) by another 9% reduction, so now they are reporting 14% less volume. (They are blaming this latest adjustment on the well operator, Petrohawk; I have a call in to them to get an explanation.)

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Permalink Reply by Donna Thornton on July 23, 2012 at 4:50

For myself, PXP pays volume pretty spot on with SONRIS. So, how can these two companies that share the same lease report 2 different ways. I guess we just do not understand enough about this business. I have come to figure that CHK pretty much does what they want to with out any real clarity in explanation.

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Permalink Reply by Brian on July 14, 2012 at 2:33

80/20=4 which would make the expected CHK payment be 4 times the PXP payment.

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Permalink Reply by Donna Thornton on July 14, 2012 at 3:36

Yep, Brian. I wrote the 5 instead of 4. I was thinking about the 5ths of 100%. Thanks for correcting it. Nonetheless, I am lucky if my CHK payment is 3 times PXP.

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