Start of production to receiving a check Who do you Trust and what is the norm or is there a norm?
Our Chesapeake well has been in production and have been selling gas from July 19 2010 4 more days Oct-19 will be exactly 90 days 3 month since our well has been producing and still no Division order let alone any royalty checks have been received,
Now Chesapeake say's even the Division order will not be sent out before Nov-12-2010 and that they have 4 to 8 months from the start of production to just deliverer the Division orders which you must have before they even starting to cut you a check.
If they Hold according to this Phone conversation by the time we receive the division orders they would have been selling gas for 4 month and before we receive a check can be 5 months or more from the start of production.
Every thing that I have read on this site states 3 month / 90 days after Gas production you should receive a royalty check, so what is real?
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Replies to This Discussion
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Permalink Reply by Prosperity on
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Well check this out. I already had intertest in heir property and then I also received other interest from another heir who donated his part to me. I fill out two division orders for both interest. Chesapeke
made a mistake and sent all of my payment to the heir who had donated his interest in which his amount was smaller than the amount that I had initially. After admitting that they sent my payment to him, they refuse to back pay me mine until the other heir return the money to them.
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Permalink Reply by LesterG on
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Prosperity,
If I may ask. I too am an heir to some property in Desoto Parish. The well has been producing since March 29, 2010 so if its 8 months out on division orders I may have one more month to wait. Did Chesapeake or its associates require a "Declaration of Intrest" to be signed and filed on you and the other heirs behalf? They claim I need this document signed and filed before their lawyers will sign off on the title to my property.... It is a description showing the heirs names and a decimal of interest for each..along with 4 or 5 paragraphs of legalese. They claim it is to end confusion and speculation on each heirs ownership in the acreage @ 15 heirs in 300 acres... Im like cmon I have never heard of this document.....I really feel like they are trying to be slick and throw in some extra legalese to the O/G companies advantage.
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Permalink Reply by j garrett on
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Lester,
If you agree with the %, then it is probably OK to sign, DEPENDING ON WHAT THE LEGALESE SAYS. Just read one sentence at a time and you can most likely discern what they are saying. If not, ask them to clarify it for you, specifically.
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Permalink Reply by j garrett on
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I had one that took 14 months from initial production. The good news is that that first check will be a good one. Mine was in Texas, but TX law simple makes them pay interest, which you don't get unless you ask for it! As long as they claim they are still clarifying title (curative work), they can delay payment for months, a least in TX.
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