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Permalink Reply by Prosperity on October 15, 2010 at 17:03

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 October 15, 2010 at 17:15

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 October 16, 2010 at 4:49

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 October 16, 2010 at 4:46

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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