Replies to This Discussion

Permalink Reply by Andrew M. Brewer on July 2, 2013 at 6:18

I totally agree with you, W. R.

We have used a "red ink stamp" that says the same thing on division orders as yours since the early 1980's.  They come back and complain about the stamp, but pay us anyway. The checks are good for several months to a year or so, then taper off as the wells are expected to deplete in volume produced.  That's when the oil companies get greedy.

They pull all kind of crap - Change (lower) the interest decimal you are being paid on, change of operator every 2 years or so, reflect a lower amount of NG produced from the well(s) you're being paid on as it differs from the Sonris site, they never pay on plant products your expected to get your share of, they change in accounting practices/software as reflected on your check statements, etc. So, they create an accounting nightmare which is very difficult to trace.  Most people, they expect, will just be happy to get a check.

There are a few in the Haynesville Shale who are on to those like CHK ripping people from their just share of the minerals.  But most people don't even realize the magnitude of theft.

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Permalink Reply by TRUCKER on July 3, 2013 at 6:22

THAY NEED MONEY

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Permalink Reply by 1kw6x71km1v37 on July 9, 2013 at 12:37

CHK does indeed need more cash for restructuring in the wake of McClendon's tenure of the company. The need is in the billions, not millions. That translates to a lot of landowners to screw over.

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Permalink Reply by MARG on July 9, 2013 at 7:18

 

I have a friend in DeSoto Parish who feels that she could be paid on an incorrect decimal interest or being paid wrong.  She and relatives have a smaller acreage as discussed above.  To whom could she communicate or is there someone who could give her some suggestions or assistance?  What actions should she take?  Is there a La. attorney that she could contact on a free basis for one session or one letter?Thanks!

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Permalink Reply by Andrew on July 10, 2013 at 5:12

Marg,

Anyone who believes a company is miscalculating their interest should notify that company in writing of the problem. In order to get a company to make any changes to your ownership decimal, you will need to provide sufficient evidence from the title history to demonstrate not only that their decimal is wrong, but also what the correct decimal is. You will likely need a landman first, and maybe an attorney later.

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