You are going to change your avatar after Halloween? Right? LOL! Unless Chesapeake has a working interest partner in this well that announces the result in a 3Q report to stockholders and The Street, you may be waiting a while. There is no well test entry in the SONRIS Well Scout so it is impossible to even guess. And being a landman and not a geologist, I am not the best member to ask. There are no completed wells listed in your township so there is just nothing to go on. Sorry. You'll just have to wait. Trick or Treat! Skip
Royalty checks will begin to appear in her mailbox approximately 90 days after Petrohawk begins selling gas from her well. Petrohawk will prepare a Division Order which identifies every royalty interest in the drilling & production unit and their fraction of production due. She will receive a letter stating her interest in the unit.
Now as to the specifics of Petrohawk's Crestview Farms well. There may be a delay in fracing this well. Petrohawk and all the other operators in the area are trying to figure out how to change their completion designs to deal with the fact that the shale is different in this area and the production rates of recent wells have been disappointing. Petrohawk had better results recently with the S L Herold well and may be making progress on their learning curve. If I had a royalty interest in the Crestview Farms well, I would want them to take their time and get it right. Good Luck.
Getoverit,Joe here. I don't know what is going on in that sec. You are not the first person to bring this up. I am off this week so I will be able to reach my contacts and see what they know, get back whicha', Joe
I should be in box 1, but if they are going to be a pain about it, just document who you talked to and we will do the return correctly and put a letter and the page of the lease with it showing we tried. Shouldn't be a problem, just make sure you bring the lease with you. We have had similiar problems with other companies too, you just have to show the IRS that you made the effort to get it corrected.
As 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