Hello Everyone,
Here are the latest numbers. If anyone else wishes to participate and provide data for my survey, please follow the instructions below. I welcome all data.
I am now asking each respondent to provide me the following:
Section/Township/Range -- everyone (if you are in Texas, tell me your county, and the survey)
If you get your check from Chesapeake, please tell me:
Price received (before severence tax)
Does your lease entitle you to cost-free royalties?
If you get your check from one of the others, please tell me:
Company you leased to
Company who is operating the well
Gross price
Please tell me each deduction, and the amount.
Net amount (before severence tax). [I know, gross minus deductions ought to equal net, but I just want to make sure.]
Does your lease entitle you to cost-free royalties?
If you are WI or UMO:
Company operating the well
Gross price
Please tell me each deduction, and the amount.
Net amount (before severence tax). [I know, gross minus deductions ought to equal net, but I just want to make sure.]
Please send me the information via GHS email. This discussion is getting too large, and sometimes a post gets lost if I don't check in for 24 hours. All info will be kept confidential. I will continue to post back what I learn periodically. Thanks in advance.
Tags: Are, Gas?, Getting, Price, What, You, for, payments, royalty
I updated the data today. Some of you have not sent in your prices lately. Please help everyone out by continuing to send me your prices. By sharing, you are helping many people who are learning that they are not receiving what they are owed. Some of these people have already gotten things fixed. Others are working on getting their payments fixed. Please continue to share your prices, and help all shalers. I do not share your identity with anyone, just your prices.
Henry
Here are the Jan prices. There is some difference in pricing, but I think this comes from the BTU factor. Qep list the BTU factor and the difference in the two wells is the Miss Chub is 1.018 and the Bienville SG is .978. Anyway, thank you for keeping up with all this and sorry about being a little late. Just got the procing this week.
Thanks
Jim Cobb
Henry
Feb Pricing
Jim C
Doug,
You might want to also post this in the "Leased by Chesapeake" Group.
Roy,
Can you tell me for what month these are the the prices? The last data you gave me was for Oct 2010. If you could update me with all the months, that would be great.
Also, my records show you with four wells:
30-11-14
31-11-14
10-11-15
11-11-15
Am I wrong, or is there a typo in what you just posted?
I'll start a new line for the well in 8-11-15. I don't have any data on that one at all.
Finally, some CHK royalty owners are now getting statements that show the amount of deductions. I don't know if everyone is getting these or not.
Roy,
Once someone's royalties get down below a certain level (something like $100/year), CHK will send an annual statement and check. They won't send monthly checks for something so small.
Henry
Bump... Since the Chk Pony Express Mail "should" be arriving soooooon? I hope all Oil and Gas Shalers will start sending you their royalty check numbers. I cannot stress strongly enough just how important your documentation is to ALL who contribute to GHS, those who are leased, no-cost royalty or not, and the least of these...UMOs who are HBP. IMO, mineral owners across this Country need to take a look at this $/mcf and possibly get some "language" in a lease addressing...at the very least...an "averaged" $/mcf royalty from minerals produced in their oil or nat gas shale reservoir/field price using payors receipts.
Anyway, thought you might go over to Wikipedia's entry "Hollywood accounting." Looks to me like "Some" get away with seemingly similar "accounting for" methods." ????
Any help is better than the lowest price per mcf... Help Henry Now!
Thanks again, Henry. You have no idea how much your Gas Price Survey is in demand.
DrWAVeSport Cd1 8/16/2011
Henry,
http://en.wikipedia.org/wiki/Hollywood_accounting
Does the term, "monkey points," ring a bell? Funny, but not so funny?
DrWAVeSport Cd1 8/16/2011
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