I get royalties from Comstock every month from a variety of wells in different units. My interest is small.
My royalty check for May was about 20% of what it usually is. This follows another small check earlier this year due to payments of severance taxes to La. I sent an email to Owner Relations to ask why the check was so small when the well volumes posted on Sonris didn't reflect a huge drop in production. The response was the following:
“We have a partner working interest owner who is marketing their own gas. When revisions were processed in the well, gas was rebalanced and the gas volumes marked by Comstock changed, therefore the volumes changed for the owners in the well”.
A subsequent email told me that Comstock is paying all of the royalties, so I've gotten all that I'm owed.
Can anyone explain to me how "rebalancing" volumes cost me $1000?
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You're welcome.
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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