Replies to This Discussion

Permalink Reply by Donna Thornton on September 23, 2011 at 6:01

All true.  I leased to CHK and they then sold 20% of my lease to PXP.  CHK does pay less per mcf than PXP.  Also, my royalty payments volume is approx. 2.5% less than SONRIS.  PXP volume is equal to SONRIS though.

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Permalink Reply by Ben on September 23, 2011 at 6:24

I just finished an initial study of pricing in Logansport, Holly, Benson, Trenton, Bethany-Longstreet, Red River-Bull Bayou, and Kingston in Desoto and Thorn Lake in Red River over a period of 12-14 months and CHK pays significantly less per mcf to the tune of 20-70 cents as compared to other operators like Indigo, Petrohawk, El Paso and Exco.  

 

Your situation is particularly compelling in that you are getting a different price per mcf from two different operators, not only in the same field but the same lease.  Absolutely uncanny!

 

Can you provide the STR, well name and the differences between Chesapeake's price and PXP to this forum or to Henry who monitors these things?

 

Thanks.

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Permalink Reply by deangelo bragg on September 11, 2011 at 4:01

How much are some of these checks?????? I keep hearing about royality payments never amounts, I have some land in union parrish that will start soon, application on 26 sep,2011, im lost with this ????

 

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Permalink Reply by Robert on September 17, 2011 at 16:22

I find it odd that CHK waited a I'm suprised Chesapeake waited a year to mail you your royalty check.

My well was completed on April and producting. I'm supposed to get my royalty check 4-6 months after the well is drilled

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Permalink Reply by kittycatmama on September 17, 2011 at 16:40

Robert, our first well with CHK went online with them in March and still no check. I am in conversations with them

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Permalink Reply by Ben on September 19, 2011 at 9:33

I'm told 6 months after first production is norm.

 

Does anyone know if having the word or abbreviation JUR in the SONRIS well name refers to a Mid Bossier well as opposed to a Haynesville?

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Permalink Reply by Ben on September 19, 2011 at 9:47

Thanks, ShaleGeo. How can you tell the difference, i.e which is which?  The Bossier is obviously slightly shallower but with stratigraphy, it's hard to tell for us novices.  Does anyone know of a STR that has both a Haynesville and a Bossier well?

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Permalink Reply by Skip Peel - Mineral Consultant on September 19, 2011 at 10:14

Ben, the JUR and HA units I have examined have depth definitions covering both the Haynesville and Bossier shale intervals.  If you wish to compare sections with both HA and BO wells in the same unit, I would suggest the EXCO wells in Sections 22 & 27 - 14N - 13W.

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Permalink Reply by Ben on September 22, 2011 at 15:50

Thanks Skip.  I looked at these but aside from multiple alternative unit wells in the two sections, how do you tell the Bossier ones from the Haynesville?

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Permalink Reply by Skip Peel - Mineral Consultant on September 23, 2011 at 1:33

TVD (Total Vertical Depth) should be compared to the section of the completion report where the depth to the top of major formations is listed.

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Permalink Reply by Ben on September 22, 2011 at 15:51

Thanks, Jay.  I'll have my geologist father in law look at it.

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Permalink Reply by Les Bamburg on September 23, 2011 at 3:01

Ben, look at the wells in Sections 4 & 5 of T11N-R12W as EOG drilled both Bossier Shale wells and Haynesville Shale wells in these two sections.  Check the as drilled True Vertical Depth of each well to determine the completed formation. 

 

The Haynesville Units and Jurassic Units include both the Bossier Shale and Haynesville Shale to the extent both formations are present in an area.

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