Shell vs Exco Prices - GoHaynesvilleShale.com2024-03-28T10:46:00Zhttps://gohaynesvilleshale.com/forum/topics/shell-vs-exco-prices?commentId=2117179%3AComment%3A3835073&feed=yes&xn_auth=noAs a royalty owner, my owners…tag:gohaynesvilleshale.com,2019-06-24:2117179:Comment:38352452019-06-24T16:47:41.303ZSpring Branch,mineral ownerhttps://gohaynesvilleshale.com/profile/SpringBranch
<p>As a royalty owner, my ownership interest was not affected by Exco's Chapter 11 and as a result it seems ridiculous that I am forced to receive a lower price for my half of the royalty stream so that Shell can market their gas at the lower price. Can I assume that when Exco exits Chapter 11 and Shell's ownership interest is no longer "in jeopardy", that Shell will then allow my gas to be marketed at the higher Exco price? Why am I not allowed to choose who markets my gas?</p>
<p>As a royalty owner, my ownership interest was not affected by Exco's Chapter 11 and as a result it seems ridiculous that I am forced to receive a lower price for my half of the royalty stream so that Shell can market their gas at the lower price. Can I assume that when Exco exits Chapter 11 and Shell's ownership interest is no longer "in jeopardy", that Shell will then allow my gas to be marketed at the higher Exco price? Why am I not allowed to choose who markets my gas?</p> EXCO royalty interests are pa…tag:gohaynesvilleshale.com,2019-06-23:2117179:Comment:38350782019-06-23T12:29:22.484ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>EXCO royalty interests are paid by Shell. Although SWEPI sold out of the Haynesville RDS later acquired British Gas (BG). BG had acquired a half interest in the EXCO LA Haynesville units. When EXCO went in to bankruptcy Shell started paying their half of the royalty to protect their ownership interest.</p>
<p></p>
<p>EXCO royalty interests are paid by Shell. Although SWEPI sold out of the Haynesville RDS later acquired British Gas (BG). BG had acquired a half interest in the EXCO LA Haynesville units. When EXCO went in to bankruptcy Shell started paying their half of the royalty to protect their ownership interest.</p>
<p></p> Who still gets a check from S…tag:gohaynesvilleshale.com,2019-06-23:2117179:Comment:38351672019-06-23T04:07:37.886Zw.r. frankhttps://gohaynesvilleshale.com/profile/wrfrank
<p>Who still gets a check from Shell? I used to get checks from SWEPI, but have been getting checks from Vine or BRiX Operating since ECA sold to GEP and SWEPI sold to Vine.</p>
<p>Who still gets a check from Shell? I used to get checks from SWEPI, but have been getting checks from Vine or BRiX Operating since ECA sold to GEP and SWEPI sold to Vine.</p> So what's in it for Shell?
tag:gohaynesvilleshale.com,2019-06-23:2117179:Comment:38350162019-06-23T01:29:20.750ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>So what's in it for Shell?</p>
<p></p>
<p>So what's in it for Shell?</p>
<p></p> Then GEP Haynesville did not…tag:gohaynesvilleshale.com,2019-06-23:2117179:Comment:38350732019-06-23T01:07:09.025ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Then GEP Haynesville did not get stuck with a bad G&T contract from Encana.</p>
<p></p>
<p>Then GEP Haynesville did not get stuck with a bad G&T contract from Encana.</p>
<p></p> That's why I included the gro…tag:gohaynesvilleshale.com,2019-06-23:2117179:Comment:38350722019-06-23T01:04:11.088Zfull namehttps://gohaynesvilleshale.com/profile/fullname
<p>That's why I included the gross price. Any pressure/temp differences should not matter with gross price since that is what the gas is actually "sold" for and it is running 10-15% less.</p>
<p>Also the GEP price in the adjacent section was exactly the same as the Exco price for last month (May) and they did not go through bankruptcy.</p>
<p></p>
<p>That's why I included the gross price. Any pressure/temp differences should not matter with gross price since that is what the gas is actually "sold" for and it is running 10-15% less.</p>
<p>Also the GEP price in the adjacent section was exactly the same as the Exco price for last month (May) and they did not go through bankruptcy.</p>
<p></p> My gas price was clearly high…tag:gohaynesvilleshale.com,2019-06-22:2117179:Comment:38350022019-06-22T22:56:39.747ZSpring Branch,mineral ownerhttps://gohaynesvilleshale.com/profile/SpringBranch
<p>My gas price was clearly higher when Exco marketed 100% of the gas from their partnership wells. Shell's gas price was clearly higher when they allowed Exco to market 100% of our gas. Shell clearly knew this but made the decision to market its half of the gas (and my half of the gas) in spite of the fact. Why would Shell make that decision that was in their financial disinterest and darn sure in my financial disinterest. Shell has to be getting some sort of kickback to bring their gas…</p>
<p>My gas price was clearly higher when Exco marketed 100% of the gas from their partnership wells. Shell's gas price was clearly higher when they allowed Exco to market 100% of our gas. Shell clearly knew this but made the decision to market its half of the gas (and my half of the gas) in spite of the fact. Why would Shell make that decision that was in their financial disinterest and darn sure in my financial disinterest. Shell has to be getting some sort of kickback to bring their gas price up to Exco's price or either they are stupid and I don't think for a second that they are stupid. Does Shell not have any fiduciary responsibility to me as a result of the Oil and Gas Lease to sell my gas at the best available price? It would seem to me that Exco's was the best available price!</p>
<p></p> Has it become common for BK c…tag:gohaynesvilleshale.com,2019-06-22:2117179:Comment:38349452019-06-22T20:49:48.867ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Has it become common for BK courts to throw out G&T agreements and allow operators to re-negotiate?</p>
<p></p>
<p>Has it become common for BK courts to throw out G&T agreements and allow operators to re-negotiate?</p>
<p></p> Thanks. I saw your previous…tag:gohaynesvilleshale.com,2019-06-22:2117179:Comment:38347582019-06-22T20:29:57.883ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Thanks. I saw your previous reply to that effect but was unsure if that accounted for all of the difference.</p>
<p></p>
<p>Thanks. I saw your previous reply to that effect but was unsure if that accounted for all of the difference.</p>
<p></p> Jay, any thoughts on the disc…tag:gohaynesvilleshale.com,2019-06-22:2117179:Comment:38347562019-06-22T20:16:42.739ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Jay, any thoughts on the discrepancies? Does Shell have more deduction categories than EXCO? Would the point of sale be different for each? Would part of the gross price difference be different reporting pressures/temps?</p>
<p></p>
<p>Jay, any thoughts on the discrepancies? Does Shell have more deduction categories than EXCO? Would the point of sale be different for each? Would part of the gross price difference be different reporting pressures/temps?</p>
<p></p>