Its finally here. Chesapeake charged me to take my gas.  The price they paid me on some wells, mainly in the Barnett shale was a negative $0.20 to negative $0.32.  Wow what crooks.

Views: 2490

Reply to This

Replies to This Discussion

You should take a picture and post it in this thread...

Here is one page.  Look at first 2 wells  February production.

Attachments:
Well, at least you got to pay negative taxes. That's everybody's dream, isn't it?
This is working Interest? Couldn't make out the interest type on Stubbs...

No it is royalty interest. 

Sue them to break the lease. If not economic to operate the well needs plugged and abandoned.

Looks like some funky revenue accounting.They realized it too. Notice how on the next 2 lines they manually zero out the negative balances? But that still left you with no revenue for Feb 16. See if they go back and correct it on the next check. On the bright side, you made 3 cents on the PPA's. j/k.

This month they are charging me up to 75 cents to sell my gas.

RSS

Support GoHaynesvilleShale.com

Blog Posts

Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

Continue

Posted by Char on May 29, 2025 at 14:42

Not a member? Get our email.

Groups



© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service