Leased with CHK Aug, 2009. Well drilled by Petrohawk & completed 09/11.
Neighbors leased with Petro have rec’d checks monthly since 02/12. We have only rec’d royalty check on 05/30/12 for 4 months of 2011. Today, we rec’d a DO from PXP. Is PXP a partner/owner with CHK? (Well is in Metcalf Field on Colquitt Rd.) Any info would be greatly appreciated.
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If the volume is reported at a different pressure, wouldn't one expect this to affect the price as well? On my lease, CHK's volume has been consistently reported as 5.18% less than the volume per SONRIS (and per PXP for the same well), yet CHK's prices are consistently 12-20% lower than PXP's prices on the same well. I wonder if they are reporting volume at a different pressure in order to partially mask the disparity in prices.
Also, CHK recently retroactively adjusted all previously paid volume amounts (going back to October 2010) by another 9% reduction, so now they are reporting 14% less volume. (They are blaming this latest adjustment on the well operator, Petrohawk; I have a call in to them to get an explanation.)
For myself, PXP pays volume pretty spot on with SONRIS. So, how can these two companies that share the same lease report 2 different ways. I guess we just do not understand enough about this business. I have come to figure that CHK pretty much does what they want to with out any real clarity in explanation.
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