Replies to This Discussion

Permalink Reply by FXEF on September 9, 2011 at 14:29

Sally,

 

The lease volume on check stub should match what is posted to SONRIS. The owner volume will equal the lease volume multiplied by the payment decimal. It might be in your best interest to contact Chesapeake and have them explain the discrepancy.

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Permalink Reply by Sally on September 9, 2011 at 15:31

Thanks, I'll do that.

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Permalink Reply by RFKirkland on September 22, 2011 at 9:04

Very interesting.  I have a similar situation where a cousin and I have the same amount of acres and the decimal interest is the same and gas is coming from the same well. The problem is that he leased with one company and I leased with another company, who is the operator of the well.  His check for the amount of MCF is greater than the other company the operator of the well.  As much as 40,000mcf to 80,000mcf different.  How can this be, when it is the same well?  I looked on SONRIS and the lower amount is reported, which is from the operator.

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Permalink Reply by The_Baron on September 22, 2011 at 9:13

Actually there can be diffrebces depending on the standard used. They may be using a diffrent standard temp and pressure for reporting the volume than the state, or may be adjusting for BTU content

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Permalink Reply by Henry on September 10, 2011 at 6:42

Sally,

Chesapeake reports the volume on your statement for the gas being at a slightly different pressure than what is reported on sonris. For sonris, all operators are required to report volumes for a pressure of 15.025 psi.  When CHK reports the volume on your statement, they report it for a pressure of 14.65 psi.  (Don't ask me why.)  Based upon that, you should expect a difference of about 2.5%. 

 

I have corresponded with a couple of CHK leaseholders on this topic, and they all seem to see the difference between their statement and sonris.  However, none of them has the identical percent difference from month to month.

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Permalink Reply by FXEF on September 12, 2011 at 5:49

Henry, 

 

Not only does CHK use a lower price/Mcf, it appears they have figured a way lower the volume of gas that the royalty owner is paid for.  I'm just glad my check stub matches SONRIS.

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Permalink Reply by Ben on September 10, 2011 at 12:01

Does anyone out there think that Chespeake is paying less per mcf than the market price? The gas price always seems lower than other operators in the same area or even in the same section, for instance, those paying for gas from the Cotton Valley in the same section that the Haynesville is being produced by Chesapeake.

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Permalink Reply by Henry on September 10, 2011 at 12:40

Benjamin,

You raise a point that has been discussed many times on this site.  You may read the price survey in this discussion:

 

http://www.gohaynesvilleshale.com/forum/topics/what-price-are-you-g...

 

Many on this site believe that CHK pays less for gas than the other operators.  The data in the survey shown in this discussion tend to support that.  In fact, you will see some people who are paid by CHK and Plains -- same well, same lease.  But Plains pays a higher price.  Another respondent to this survey found his prices rise as soon as NFR took over his lease from CHK. 

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Permalink Reply by Ben on September 10, 2011 at 16:04

Thanks, Henry, for the quick reply.  I noted the attachment on the above link only goes through December 10 or January 11.  Is there a spreadsheet that is more up to date?  How would I provide information?  I have production 25-35 sections/units primarily in DeSoto in Benson, Holly, Caspiana, Logansport, Grand Cane, Red River Bull Baou, Trenton, and in Red River's Thorn Lake.  I could make a spreadsheet on the period of 2011 as to some of these fields, if needed.  My operators are predominantly Chk, but I also have production operated by QEP, Exco, Petrohawk, Indigo, and others, I believe.

 

I wonder if underpayment of royalties compared to other operators is legal, and how much of the gas in DeSoto or the Haynesville is sold on the spot market versus gas contracts.  And if there are gas contracts in place, are they always lower than the spot price and if so, are they in fact arms length contracts that are legally required.

 

Just some thoughts. . . Ben

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Permalink Reply by Henry on September 11, 2011 at 0:30

Ben,

I sent a friend request to you.  Please accept it.  Once you do so, I'll send you my email address, and then we can get your data in my survey.  Your numbers will be a huge addition to my survey, so I really look forward to getting them.

 

I have posted an update once since March.  It is in a different discussion.  I'll look and see if I can find it and post it back here.

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Permalink Reply by Henry on September 11, 2011 at 5:12

Here is the latest posting of prices....

 

http://www.gohaynesvilleshale.com/forum/topics/gas-price-survey-upd...

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Permalink Reply by glyn allen gray on September 22, 2011 at 15:04

 

got any for XTI in Logansport Field?

                  thanks,

                  g. Gray

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