Gulfport in Trouble? - GoMarcellusShale.com2024-03-28T09:02:45Zhttps://gomarcellusshale.com/forum/topics/gulfport-in-trouble?commentId=2274639%3AComment%3A770456&feed=yes&xn_auth=noPaid up for 2017. Now they a…tag:gomarcellusshale.com,2018-03-02:2274639:Comment:7734212018-03-02T15:00:03.176ZSam Moorehttps://gomarcellusshale.com/profile/SamMoore
<p>Paid up for 2017. Now they are only one month behind.</p>
<p>Paid up for 2017. Now they are only one month behind.</p> Everyone in our unit that I t…tag:gomarcellusshale.com,2018-02-02:2274639:Comment:7721772018-02-02T22:05:14.703ZSam Moorehttps://gomarcellusshale.com/profile/SamMoore
<p>Everyone in our unit that I talked to has not been paid except one. They received their first division order the same day we did. Signed it and sent it back. I asked them if it was correct and they did not know as they did not read it. So as it stands now we would have been paid by now if would have accepted 2/3rds of our royalties. Read that Gulfport is panning to buy back $100,000,000 of its stock this year I guess they need our money to do that. And if they can get enough bad press…</p>
<p>Everyone in our unit that I talked to has not been paid except one. They received their first division order the same day we did. Signed it and sent it back. I asked them if it was correct and they did not know as they did not read it. So as it stands now we would have been paid by now if would have accepted 2/3rds of our royalties. Read that Gulfport is panning to buy back $100,000,000 of its stock this year I guess they need our money to do that. And if they can get enough bad press the stock price will go down. I sent them a complete break down for our property parcel #'s, acreage, Royalty interest out 8 decimal places and total it for them. Had an analyst e-mail me back that she had reviewed my numbers and agreed with me and would send out a correct division order. It took a week and half but received it today. I'm sure they wanted to push it off until Feb so they can delay payment another month.</p>
<p></p> Don't look good. Sorry. Are o…tag:gomarcellusshale.com,2018-02-02:2274639:Comment:7720422018-02-02T21:06:15.552Zbo boboskihttps://gomarcellusshale.com/profile/boboboski
<p>Don't look good. Sorry. Are other royalty owners experiencing the same thing ,or is this an isolated situation?</p>
<p>Don't look good. Sorry. Are other royalty owners experiencing the same thing ,or is this an isolated situation?</p> New month still no division o…tag:gomarcellusshale.com,2018-02-02:2274639:Comment:7721672018-02-02T15:04:51.392ZSam Moorehttps://gomarcellusshale.com/profile/SamMoore
<p>New month still no division order. I understand it is not only the landowners that are not being paid also their vendors are not being paid. I hope this is just a case of them keeping our money for some big buy out and not a case of no money to pay the bills. If they go belly up I am sure the landowners are going to be on the bottom of the list to be paid. They told me back in Oct. that all the royalties they owe me where being escrowed but when I asked for written verification they…</p>
<p>New month still no division order. I understand it is not only the landowners that are not being paid also their vendors are not being paid. I hope this is just a case of them keeping our money for some big buy out and not a case of no money to pay the bills. If they go belly up I am sure the landowners are going to be on the bottom of the list to be paid. They told me back in Oct. that all the royalties they owe me where being escrowed but when I asked for written verification they would not provide that.</p>
<p></p> We are having the exact same…tag:gomarcellusshale.com,2018-01-22:2274639:Comment:7715262018-01-22T14:46:41.637ZK2https://gomarcellusshale.com/profile/CarlKotlarchik
<p>We are having the exact same price with Gulfport. Gulfport holds our leases but the wells were drilled by Rice (now Equity). Production began last summer and Rice began paying several months later. We contacted Gulfport after 6 months and asked why we hadn't received our division orders from them. They told us they were done and we would receive them shortly. We got some of the orders a month later but with many mistakes. We sent them a message and are waiting for a reply. Very…</p>
<p>We are having the exact same price with Gulfport. Gulfport holds our leases but the wells were drilled by Rice (now Equity). Production began last summer and Rice began paying several months later. We contacted Gulfport after 6 months and asked why we hadn't received our division orders from them. They told us they were done and we would receive them shortly. We got some of the orders a month later but with many mistakes. We sent them a message and are waiting for a reply. Very frustrating.</p> More progress. Received secon…tag:gomarcellusshale.com,2018-01-19:2274639:Comment:7712782018-01-19T21:33:52.617ZSam Moorehttps://gomarcellusshale.com/profile/SamMoore
<p>More progress. Received second division order today and they covered all 4 parcels. They even managed to get one of them correct. Is it there any chance this huge company is this inept or are they making these mistakes just to delay the payments? It took 7 weeks from the first wrong division order to next.</p>
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<p>More progress. Received second division order today and they covered all 4 parcels. They even managed to get one of them correct. Is it there any chance this huge company is this inept or are they making these mistakes just to delay the payments? It took 7 weeks from the first wrong division order to next.</p>
<p></p> It is a new year so I figured…tag:gomarcellusshale.com,2018-01-02:2274639:Comment:7704562018-01-02T16:06:30.486ZSam Moorehttps://gomarcellusshale.com/profile/SamMoore
<p>It is a new year so I figured I would add an update. Sent Gulfport the last piece of the puzzle they needed on Dec. 15th and have not heard back from them. The fourth parcel in the unit they only wanted to pay me half the royalties on saying the other half had been reserved out in 1958. I went to the court house to conduct my own mineral search. I don't do mineral searches normally and the court house had just installed a new computer system so it took me 20 minutes to find the deed they…</p>
<p>It is a new year so I figured I would add an update. Sent Gulfport the last piece of the puzzle they needed on Dec. 15th and have not heard back from them. The fourth parcel in the unit they only wanted to pay me half the royalties on saying the other half had been reserved out in 1958. I went to the court house to conduct my own mineral search. I don't do mineral searches normally and the court house had just installed a new computer system so it took me 20 minutes to find the deed they have been unable to find in the last 5 years.</p>
<p></p> The dormant mineral act does…tag:gomarcellusshale.com,2017-12-08:2274639:Comment:7681362017-12-08T18:44:20.939ZSam Moorehttps://gomarcellusshale.com/profile/SamMoore
<p>The dormant mineral act does not apply to these parcels as there have been producing wells on them since the 1930's. 3 of the 4 parcels have been figured out and corrected and the fourth may take little time.</p>
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<p>The dormant mineral act does not apply to these parcels as there have been producing wells on them since the 1930's. 3 of the 4 parcels have been figured out and corrected and the fourth may take little time.</p>
<p></p> Making progress. Division or…tag:gomarcellusshale.com,2017-12-04:2274639:Comment:7678542017-12-04T14:40:32.329ZSam Moorehttps://gomarcellusshale.com/profile/SamMoore
<p>Making progress. Division orders received. Of the 4 parcels in the unit one is underpaid, 2 are over paid and one was left off. We at least have something to work with.</p>
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<p>Making progress. Division orders received. Of the 4 parcels in the unit one is underpaid, 2 are over paid and one was left off. We at least have something to work with.</p>
<p></p> I think you'll get the checks…tag:gomarcellusshale.com,2017-12-01:2274639:Comment:7679422017-12-01T19:43:46.314ZG.H.https://gomarcellusshale.com/profile/GH930
<p>I think you'll get the checks if you wait, assuming there's no problem with your ownership of the mineral rights, but totally understand your frustrations. If you have any questions for me about my experience with Gulfport you can send me a message.</p>
<p>I think you'll get the checks if you wait, assuming there's no problem with your ownership of the mineral rights, but totally understand your frustrations. If you have any questions for me about my experience with Gulfport you can send me a message.</p>