A couple weeks ago, I asked a couple questions of you. Thought I’d post a couple responses. Reminder. I asked, “How long has your family owned the land in Louisiana? 2) When did you lease? 3) What’s been your experience? 3) Any concerns for the environment? 4) Why did you join GHS? 5) What has been the biggest change for you?” A few of you responded. I posted a couple of the responses below.
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Keith, Dealing with CHK is interesting. They were taking transp. charges out of our royalty ck for a yr. when we realized something was amiss & questioned it. They did go back and repay it and the guy we dealt with was very nice & responsive to inquiries. Now, however, we notice they have lowered the percentage from what was in our lease. Their answer to that was something like: Two other co. have an interest in the well and they opted not to take their portion for some months, therefore, we & Chk had to get more...then, when they (or one of them) decide they will take their share, we have to give up what we took those previous months. Crazy sounding to me & we are going to check with an O & G attorney or geologist to be sure of this. Trust seems to be a major issue with CHK, but I hate to be negative about them. Do you know anything about this type of situation? thanks. SAM
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs 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 |
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