David Swann
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  • Carrollton, OH
  • United States
  • Landowner
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Getting lease check on time?
13 Replies

Can anyone give info as to How Cheasepeake Oil pays it's Lease checks? On time, late, etc.Has anyone had any problems yet?Continue

Started this discussion. Last reply by Mike h Dec 14, 2011.

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David Swann commented on Finnbear's group 'Geauga County, OH'
"Joe, they tried the same thing with my friend in morgan county, lowball with them making the free gas sound as if you hit the lottery. My friend did his research and got a decent offer with good percentage, they also installed all the gas lines to…"
Jan 10, 2012
David Swann commented on Finnbear's group 'Geauga County, OH'
"morgan county"
Jan 10, 2012
David Swann commented on Finnbear's group 'Geauga County, OH'
"300.00 and 12% is low, my friend got $3,500 per acre and 18% and free home gas. The gas cost should not be considered, because it really cost them very little to give it to you."
Jan 10, 2012
David Swann updated their profile
Dec 22, 2011
Mike h replied to David Swann's discussion 'Getting lease check on time?'
"I bought a new tractor to take advantage of the 100% Bonus Depreciation that goes away at the end of the year (50% depreciation is available next year)."
Dec 14, 2011
Jamotom replied to David Swann's discussion 'Getting lease check on time?'
"Work with an attorney or a professional who understands O&G leasing first & foremost. Have the bonus money escrowed in your lawyer's acct. before the executed contract is given to the lessee. Likewise, in the body of the lease…"
Dec 13, 2011
Albert Tischler replied to David Swann's discussion 'Getting lease check on time?'
"Bonus Checks : Almost every one who signed with Sickler Law Office LLC   located in Cauldwell got checks the next week:      $ 2750.00     /    18  %       w/    $ 1500.00    free gas  per month Talk to :  Clifford N Sickler ,  Attorney at…"
Dec 11, 2011
Brian Ulrich replied to David Swann's discussion 'Getting lease check on time?'
"David,     I woke one saturday morning to the knock of a landman on my front doorstep with a copy of a contract in hand to lease the 25 acres I own in Bradford County, PA.  After one month of getting things in order, I called to…"
Dec 11, 2011
Jimmy replied to David Swann's discussion 'Getting lease check on time?'
"XTO paid full amount well before deadline. Payment was a check, not a draft. Large check, deposited on Saturday, funds available on Wednesday. Pay attention to FDIC protection limits. Move money to different banks to stay under insurance limits.…"
Dec 11, 2011
Cassandra Ridenour replied to David Swann's discussion 'Getting lease check on time?'
"I leased with Gulfport, they extended for 10 days, from 60 due to slow title work then paid on day 70. Then the bank makes you wait about a week before a big sum like that is released.... I have my money but still can't spend it! What are…"
Dec 10, 2011
Vicki Herold replied to David Swann's discussion 'Getting lease check on time?'
"We told them to do our title work first, and they agreed. Met at our attorneys office, signed the lease and they handed us our check, no problem!"
Dec 9, 2011
A discussion started by David Swann was featured

Getting lease check on time?

Can anyone give info as to How Cheasepeake Oil pays it's Lease checks? On time, late, etc.Has anyone had any problems yet?See More
Dec 1, 2011
13 Comments
wendy replied to David Swann's discussion 'Getting lease check on time?'
"i had a lease with them.  2 parcels on 1 lease.  i didnt own mineral rights to 1 and they have a statement in the lease that allows 45 days for you to try to get mineral rights back through OHIO DORMANT MINERAL ACT. (may differ…"
Nov 27, 2011
Jim Litwinowicz replied to David Swann's discussion 'Getting lease check on time?'
"E Hickle; Have any daughters???"
Nov 27, 2011
E Hickle replied to David Swann's discussion 'Getting lease check on time?'
"Leased to cheasepeake and just got the check 1 month early!!!  have 300a 4,950.00 @19%"
Nov 27, 2011
Charles Corliss replied to David Swann's discussion 'Getting lease check on time?'
"I have one lease with Cheaspeake, I had them pay me over 3 years.  The last two years have been before the time due.  Just signed another with Stone Energy, its been about 30 days over the 90 days promised, still waiting."
Nov 26, 2011

Profile Information

What is your role in the Marcellus?
Landowner
Why are you here?
Learning, Selling Royalties
Which state(s) are you following?
Ohio
What shale plays do you follow?
Marcellus, Utica

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