They are just thieves in my book. I have figured out that in the Barnett shale leases CHK sells the gas to one of their subsidaries at an extremely low price and then the subsidary charges extremly high fees for deducts. This way the royalty owner gets screwed and CHK profit is way up. My last check CHK paid from $0.14 to about $0.24 per MCF. I have interested with all of the producers here and DEVON, EOG, and XTO all paid $1.00 or more after deducts. Even the smallest companies that pay the highest fees paid close to a dollar. Must be something different between the Barnett and Haynesville because my interest there was paid at $1.51.
Chk was sued for this very thing out east and lost. I am speaking with an attorney and would like others to join in. I would advise new comers not to deal with CHK if possible.
I totally agree with everyone that Chesapeake is a group of theives. I contacted them in the last couple of weeks related to the deductions from the Gross Royalties and they are playing a shell game with their affiliates to deduct enormous marketing fees for one affiliate, enormous fees for compression to another affiliate and yet more deductions to another affiliate for transportation. They would not even let me see the gross invoices for the services. I agree we should all ban together and sue Chesapeake. Include me in, as well as my brother and my sister.