Replies to This Discussion

Permalink Reply by Jeanette M Moore on May 19, 2015 at 4:15

Thank you Kathy.

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Permalink Reply by JHH on May 19, 2015 at 5:45

thanks, Kathy.  i went through the same thing with GMX.  monthly payments have gone down dramatically.  i hope Sabine/Forest stay solvent.  i hate to see them go down.

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Permalink Reply by Jeanette M Moore on May 19, 2015 at 5:53

Our monthly payments have also gone down dramatically.  When we called them, they said it was because of the price of natural gas being low.  We are not sure of their reply.  It went down too suddenly.

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Permalink Reply by Jeanette M Moore on May 19, 2015 at 7:12

This is really disappointing.  It seems to be out of our control.

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Permalink Reply by JHH on May 26, 2015 at 15:56

Kathy M:  Sabine check totals are way down... payments delayed until the next month and the transportation costs are at least 35%.  I called about the delayed royalty payments and was told it was a management decision.  Then we noticed the very high transportation costs.  That's when we sent a letter seeking an explanation.  i'd hate to see them go under.

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Permalink Reply by Jeanette M Moore on May 27, 2015 at 2:16

Does that mean we won't get a royalty check this month?  How can a company keep money that belongs to the royalty owners?  This is really starting to smell bad.

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Permalink Reply by JHH on May 27, 2015 at 2:22

No, you'll get your checks unless something unusual happens.  no one has declared bankruptcy.  just having troubles.

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Permalink Reply by Harold5011 on May 26, 2015 at 10:06

If you're receiving royalty from Samson and Samson goes bankrupt, you'd best file a claim.  True or False. 

If you don't file a claim and you don't get paid, you can cancel the lease after timely demend. True or False. 

If your lease form states, as many do, that the lessee's bankruptcy auto-cancells the lease, the bankruptcy court overrides this provision.  True or False.

Samson's bankruptcy would freeze the lease to the extent it doesn't expire under its own terms. True or False

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Permalink Reply by JHH on May 26, 2015 at 16:00

Harold:  i think answer to #1 is true.  question #2 not necessarily. question #3 bankruptcy court can do just about anything it wants.  question #4 maybe... depends on what the bankruptcy judge decides.   i'm just guessing on all of my answers.

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Permalink Reply by Joseph on May 27, 2015 at 2:37

FYI here's a picture of Samson rig currently drilling (5/26/15) off highway 90 in Beaumont.

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