how long to get royalty

wells on alexander pad went on line 1st of may, never notified by chx. what is the usual time before notified of royaltys

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Permalink Reply by Todd on January 8, 2014 at 1:36pm
Bob T,
What did your decimal interest turn out to be? Also, how much are you averaging per acre?
Thanks,
Todd
Permalink Reply by bobt on January 9, 2014 at 12:30pm

Todd 

our per acre take vary from a high in June 13 at 183.00 per acre to a low in Oct 2013

at 86 per acre.  Decimal for chk is.07784728 and for statoil is.07894098. not all landowners in our unit have statoil as owner and some have more than 2 owners.

Permalink Reply by Todd on January 9, 2014 at 1:27pm
Wow Bob,
That's a huge swing over 4 months time. Thanks for the info!
Todd
Permalink Reply by Kevin on January 9, 2014 at 6:50pm

I'm also in Stevenville, Pa. Well went on line May 23, 2013. I have been looking for division orders every time I went to the mailbox. On Dec 27, 2013 I received a royalty check, no division orders yet. The check was for end of May, June, July, Aug, Sept, and Oct. The well started out at 5.7mmcf/day and has gradually increased to 7.98mmcf/day in Oct. We averaged about 215.00/acre/month net over the 5.3 months. The volume went up but the price went down. There drilling the second well very soon. I was very happy when Chesapeake sold our rights To SWN in 2011.

Permalink Reply by Todd on January 9, 2014 at 10:27pm

Thanks Kevin,

Sounds like a successful well for sure.  Congratulations on that.  What is your royalty percent on that and how many acres are in your unit?

Any idea what the IP - 24 hour test rate was on that well?

Thanks for your help,

Todd

Permalink Reply by Kevin on January 9, 2014 at 10:40pm
18%, 411acres, not sure of the test rate
Permalink Reply by Todd on January 9, 2014 at 11:12pm

And I take it that that's 18% gross with no deductions?

Permalink Reply by Kevin on January 9, 2014 at 11:32pm
There were deductions of about 14%. The $215/acre/month was net
Permalink Reply by bobt on January 10, 2014 at 8:38am

Todd;

the reason for the big drop in price per acre was because of the price per mcf, the volume stayed almost  the same for the 5 months but the price of gas per mcf went from 4.18 in June down to 1.89 in Oct..

Permalink Reply by marilyn ascani on January 10, 2014 at 9:14am

Around 6 months to get division order from CHK.  You have to call them and keep after them

Permalink Reply by Hazel Connell on January 10, 2014 at 6:59pm

Who, and where, did you call? It appears that most of the local Athens personnel have left! I tried to contact the last "known" person the other day and she has now left. I'd appreciate any help and information you can give me. Thanks.

Permalink Reply by Poor Me on January 10, 2014 at 7:22pm

The most knowledgable person I've dealt with at CHK was LORI at their main office. She answered all of my questions. Phone # 4059357965   Its been awhile, hope she's still there.

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