Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on April 6, 2013 at 5:17

http://www.gohaynesvilleshale.com/forum/topics/should-production-vo...

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Permalink Reply by Pam on April 6, 2013 at 8:55

Thanks Skip. Fortunately, I'm not dealing with CHK!

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Permalink Reply by Bernell McGehee on April 6, 2013 at 5:33

Definitely contact the operator.

If any oil is involved there will always be the inventory to factor into things, but after a few months of operations there should likely be some months when you are paid for more oil than the production.

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Permalink Reply by Tracy on April 6, 2013 at 7:38

Let an oil and gas attorney look @ the reports. They are knowledgeable about these reports and will have your best intrest & heart!

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Permalink Reply by Pam on April 6, 2013 at 8:58

Thanks Bernell and Tracy.

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Permalink Reply by Pam on April 6, 2013 at 9:02

So Jay, SONRIS is typical of most government reporting vehicles: inaccurate lol?

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Permalink Reply by Pam on April 6, 2013 at 12:18

Ok, thanks.

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Permalink Reply by Andrew on April 6, 2013 at 21:44

I had the same question about a year ago, and I agree that you just can't expect your royalty or production to move in lockstep with SONRIS. I don't understand it, but I know that's how it is. The guys at Shaketrak.com are masters at getting to the bottom of these numbers, or at least explaining what's going on in plain English. 

A lawyer may not be much help. Most of us chose to go to law school because we were bad at math! A lawyer would probably be best able to help you after you've established that there is some funny business going on.

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Permalink Reply by Pam on April 7, 2013 at 1:35

Thank you, Andrew.

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Permalink Reply by Larry G Smith P.E. on April 9, 2013 at 7:27

SONRIS only gives production each month that is turned into them by the operating company. SONRIS does not verify, add or change these numbers.  I asked SONRIS about the numbers and they gave me the information.

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Permalink Reply by Henry on April 6, 2013 at 23:35

IMHO....  Start with the operator, and see if they can offer an explanation.  Why jump in immediately with someone you have to pay?  Your operator might be reasonable and help you out.  (If not, let me know, and I'll vote my 100 shares of them against the board's recommendation in the next annual election.  That'll make 'em take notice!.)

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Permalink Reply by Andrew on April 7, 2013 at 0:19

Henry, excellent point. A respectful request for information should always be the first step. My point was that even the best oil and gas attorneys might not be equipped to decipher production data and reconcile SONRIS data from quarterly reports, royalty statements, etc. That's not exactly practicing law as much as it forensic accounting. 

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