Chesapeake deductions?
I just received my first rolalty payment from Chesapeake for a well in my section-14 17 15
small lot in west Shreveport.
months of
3-11, 4-11, 5-11, 6-11, 7-11, 8-11
two deductions fuel and gathering?
Gross of $498.27
-5.85 fuel
-52.62 gathering
11.735% Is this normal, seems a little high
I know Henry was getting info together about such charges
Views: 4207
Replies to This Discussion
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Permalink Reply by 1kw6x71km1v37 on
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Because your claim appears rather small, going the Commissioner's route might be more practical. The Commissioner can tell an operator to pay, but cannot force him to pay. But the LOC can establish significant penalties for non-compliance with it's directives. Something to the tune of $500-$1000 per day of non-compliance in your case should get the operator's attention quickly. But it's a much longer haul than filing suit. It's unfortunate there are no punitive damages in Louisiana. Those always spike the deal on the landowner's side.
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Permalink Reply by DrWAVeSport Cd1 on
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CS,
"Claim" is not small. Going much higher than LOC... Enough said.
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Sorry, I was reading anther post as yours. My bad.
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Permalink Reply by Mike Bradstreet on -
Don't worry about the fee's, look at volume sold, and price paid for the gas, you'll discover base on market prices, your really paying about 70%
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MB,
Right On the money!
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Permalink Reply by Greedy Landowner on
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Be cautious when decrying the pale blue flame. It could cause a warr.
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Permalink Reply by Dion Warr, CPL on
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Greedy:
Are you referring to something about me, or is this just a case of misspelling?
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Permalink Reply by Mike Bradstreet on
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to understand what you are REALLY being paid for your gas, divide the monthly gross revenue by the mcf sold for the month for example just recieved my revenue check for Feb
Chesapeake Johnson Co,TX 117.91 divided by 91.95 mcf mo = 1.28 per mcf
BP Hughes Co, Ok 932.92 divided by 281 mcd mo = 3.32 mcf
royalty owners should revieve a % of gas sold at wellhead minus taxes nothing less fuel gathering compression should not be a concern of royalty owners, those are decisions made by the operator, if royalty owners a charged any overhead they become working interest owners in my opinion.
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