Replies to This Discussion

Permalink Reply by The Chandlers on January 1, 2011 at 8:01

They were supposed to be fracking one of our wells on Stagecoach Road a couple of months ago.  We also negotiated use of some of our land for laying hose for fracking on another well out that way recently.  I believe there are two sections involved in the fracking now.

Permalink Reply by Gatorguy on April 12, 2011 at 12:12

Any activity in last month or two?

specifically 24-26-14?

 

Permalink Reply by Gatorguy on April 23, 2011 at 0:42

I put the wrong location in, 24-16-14.  Any updates or activity in this area?  We live out of state and don't get many updates.

Permalink Reply by Les Bamburg on April 23, 2011 at 2:55

Gatorguy, Chesapeake does have one well in that section that has been producing since mid July.

 

Chesapeake, Mayo 24 #H1 Well, Serial #240068, S24-T16N-R14W, Caddo Parish, 15096 Mcfd, 22/64" Choke, 6125 psi Flowing Pressure  

Permalink Reply by Gatorguy on April 24, 2011 at 11:52

Thanks Les, since I had not heard anything in a long time I wasn't sure what, if anything, was going on.  Just curious, if they have been producing since July how long does it usually take before the well is paid for and we start receiving royalty checks?  Understand everything is an estimate.

Any help is appreciated.  Thank you.

Permalink Reply by Les Bamburg on April 24, 2011 at 16:50

Gatorguy, are you leased?

 

If yes, you should have already began receiving royalty checks since you are paid on first production.

 

If not, you do not receive royalty but instead receive a share of the well's revenue (ie production) less operating expenses after the operator has recouped the initial cost of drilling and completing the well.  Paying out this initial cost could take over two years under today's natural gas prices.  The operator should be sending you pay-out statements indicating the progress toward reaching pay-out of the initial cost. 

Permalink Reply by Gatorguy on April 25, 2011 at 10:29

Yes, we are leased.  But we have moved twice since we leased our land.  Should we contact Chesapeake?  Have not received any info?  Thanks Les.

Permalink Reply by Les Bamburg on April 25, 2011 at 14:24

Gatorguy, I would definitely contact Chesapeake as it seems you should have started getting payments by now.

Permalink Reply by Reeves on April 26, 2011 at 2:24

Here is a number to reach Chesapeake 877-245-1427. Also which part of Stagecoach there are two sections are you referring to the Stagecoach off Mansfield Road? My Parents live in that neighbor hood and I don't know the actual Section that is from Mansfield Road to their back fence line, however, the neighbor that connects to their finish line just received his first royalty check last month. I spoke with Chesapeake yesterday and the Section my parents are in is Section 21 T16N R14W and Chesapeake is getting the division orders ready to send out within the month.  I hope this helps you.

Permalink Reply by Gatorguy on April 26, 2011 at 10:52

Yes, this helps a lot.  I just pulled out our contract and realized I was looking at the wrong section.  We are in Section 21 T16N R14W.  I thought we were in section 24.  Our property is on Colt Tr, just off of Riding Club Ln.  We have since moved and do not get a lot of updates.  I just found that they have drilled in our section but the well shows a status of 9?  It says it is testing?  I assume that means they have not Frac the well.  Is there anyway of finding out when they will begin?  Thanks, we appreciate the help and updates.

Permalink Reply by Les Bamburg on April 26, 2011 at 17:49

Gatorguy, the well in Section 21 was completed and placed on production in early January so I would still contact Chesapeake about the royalty check.

 

Chesapeake, Sanford 21 #H1 Well, Serial #241331, S16(21)-T16N-R14W, Caddo Parish, 14688 Mcfd, 22/64" Choke, 6757 psi Flowing Pressure

Permalink Reply by Reeves on April 27, 2011 at 2:11

What part of Colt Trail? I live at the dead end of Colt Trail and we are in Section 22 T16N R14W. report from CHK is our well is still being completed as of 04/25/11

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