"If EQT all in production costs are $2, what are their pos production costs? How does this relate to other producers?"
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Gas sale breakeven after post production
Started this discussion. Last reply by frank speaker Feb 27. 2 Replies 0 Likes
Anyone who can say what the break even point for gas should be in Harrison County? This is after extraction of oil and liquids.It once appeared to be $1.80, now I'm losing revenue at about $ 2.50 at…Continue
warning: new rip-off a-borning
Started this discussion. Last reply by Nancy Mosley Jan 10, 2015. 31 Replies 0 Likes
With all the various means employed to rip off royalty holders, a new and most serious one is developing.Oil and gas producers contract well ahead of time to sell their anticipated production…Continue
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frank speaker replied to frank speaker's discussion 'Gas sale breakeven after post production'"Began with Chesapeake, then transferred to Encino, plus 25% was sold to Burj Energy. Burj had far less deductions than Encino, but after a while they seemed to fall in line. However, the break even point can change with diminished production,…"
Toytown replied to frank speaker's discussion 'Gas sale breakeven after post production'"Who is paying you? Chesapeake is famous for exorbitant deductions."
frank speaker posted a discussionGas sale breakeven after post production
Anyone who can say what the break even point for gas should be in Harrison County? This is after extraction of oil and liquids.It once appeared to be $1.80, now I'm losing revenue at about $ 2.50 at smaller volumes.See More
frank speaker replied to Dante's discussion 'Encino CHK KWGD And The Wholesale Theft Of Our Resources By The CPPIB'"I don't really care who is doing the stealing,and if they are stealing, prove it.
My lease clearly allows for deductions, and CHK never itemized them. By my calculation, IF the Encino itemized deductions are valid, a sale price of $1.89…"
frank speaker replied to Dan Thomas's discussion 'Landowners sue Encino Energy over royalty checks'"I just received the bankruptcy notice concerning Chesapeake. A contingent claim may or must be filed with the court for unknown debts related to false or underpaid royalties which may have accumulated over the years. Anybody have any knowledge or…"
frank speaker replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'" A problem still resides within the definition of 'royalty' you quoted, namely, "but there are also other modes or metrics of compensation." In this case it could be interpreted as a percentage payment in kind, though…"
frank speaker replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'"Your lease is very much open to interpretation. When it says you will be given an amount equal to x% of the product removed, there is no mention at all of money. My lease from 1982 says I can come and pick up the product. If I want it separated,…"
frank speaker replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'"The wells are metered at the wellhead. Before you think about hiring an auditor you should have an attorney examine the lease. Sales need not be made at hubs, and you were told your gas was pre-sold, so did they have a right to do that? Perhaps…"
frank speaker replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'"If your lease said no deductions at the well head, then any expenses they have after the well head they can deduct despite what you thought your lease was clear about. The only clearly written lease would be one that stated the price paid to you…"
frank speaker replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'"Mighty Chesapeake was never anything but a shell in a shell game."
frank speaker replied to Bill Simpson's discussion 'Natural Gas Boom Fizzles as a U.S. Glut Sinks Profits'"So two Fridays ago the Congress voted overwhelmingly to sanction the pipeline builders of Nordstream2 in a desperate attempt to halt construction. Trump, who is supposedly in the pocket of Russia, will sign the bill. The pipeline will be completed,…"
frank speaker replied to djefferis's discussion 'Encino buying Gulfport and other cast off assets in Eastern Ohio ?'"These will take up zero land, because they will be placed off shore, and tall enough that the wind will blow almost constantly, They will not kill miners to dig them, or cripple them for life, or abandon them or their towns when they are no…"
frank speaker replied to djefferis's discussion 'Encino buying Gulfport and other cast off assets in Eastern Ohio ?'"I will research that question."
frank speaker replied to djefferis's discussion 'Encino buying Gulfport and other cast off assets in Eastern Ohio ?'"I heat my house with gas, run my dryer on solar, run my car on gasoline, cook steaks with charcoal,so of course."
frank speaker replied to djefferis's discussion 'Encino buying Gulfport and other cast off assets in Eastern Ohio ?'"A single wind turbine now in design could power 16,000 homes."
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- New York, Ohio
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- Marcellus, Utica
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