Replies to This Discussion

Permalink Reply by Linda Whatley on February 12, 2011 at 11:52

What month was the $1.86 price for? 

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Permalink Reply by Linda Whatley on February 12, 2011 at 13:39

I just got my royalty check for November from Chesapeake, and the price was $2.65.  I'm not showing any deductions either.       

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Permalink Reply by Bro Tommy on February 12, 2011 at 16:19

Roy, Could you publish the list of "expenses" so I can have an idea what to expect. I also have the clause re: enhancement of gas.

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Permalink Reply by w.r. frank on February 12, 2011 at 4:39

Here are comparison NYMEX Future Expiration prices for October versus your price versus my price from CHK versus my price from another company:

                NYMEX      Your CHK Pric      My CHK Price    3rdParty Price   

 

October    $3.837           $2.75                 $3.03                 $3.45

 

Normally, a cost free royalty owner should expect the operator to pay NYMEX less $.10/mcf to $.20/mcf for basis differential less $.16 for severance. Thus for October you should have expected to receive net of approximately $3.577/mcf to $3.477/mcf. I got close to that from the 3P, but you and I were hosed by CHK.The highest I have seen was an adjacent landowner who got $3.80 for October from yet another company. Incidentally, my lease for both CHK and 3P were the exact same "no cost" royalty clause. CHK should get ready for a landowner Egypt.

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Permalink Reply by w.r. frank on February 14, 2011 at 3:44

Roy Austin,

 

See Les B.'s post today of Basis Differential for three pipelines off NYMEX. I agree with your statement that "CHK doesn't go by NYMEX" in paying, but CHK doesn't get close to NYMEX in gross price while the charts indicate that pipelines regularly pay much higher prices for Haynesville NG with much lower basis differential than CHK.

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Permalink Reply by ken hatcher on February 12, 2011 at 6:41

 This has probably been discussed before but if Cheasapeake drilled in a section but you were leased to Comstock would they (Comstock) be looking out for you as they get 75% /25%. Would it be a better situation than being leased to Cheasapeake?

 

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Permalink Reply by waltcop on February 12, 2011 at 7:10

Good question, Ken.  But is their a way to tell if the operator is paying the leasor and leasee the same price?

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Permalink Reply by FXEF on February 12, 2011 at 11:21

In a case like this most likely Comstock has a working interest and will receive and sell their share of gas produced. Comstock would pay the lessor, based on the price they sold the gas.

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Permalink Reply by ken hatcher on February 13, 2011 at 2:34

 Thank you for your response. I know this section was narrowly controled by Cheasapeake and what you posted seems to fit.

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Permalink Reply by Jim Cobb on February 28, 2011 at 6:24

Henry

Here is December prices plus cond on one well.

Jim

Attachments:

• Dec 2010 pricing.xlsx, 10 KB

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Permalink Reply by Henry on March 4, 2011 at 0:56

Hello people,

 

I have a real need for data in the category of people who did NOT lease to Chesapeake, and are having deductions taken on their statements (i.e., you don't have "cost-free royalties").  If you are in this group, please take a little time and provide your prices to me.  This part of the database needs more respondents.  Please friend me, and send the data via GHS mail. 

 

Thanks, in advance.

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Permalink Reply by Polly Ann Foote on March 4, 2011 at 3:19

Are you interested in data from wells in Columbia County Arkansas (Marathon and Smith) and if so, how does one send data by GHS mail?

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