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Permalink Reply by Jeffrey Beunier on April 28, 2015 at 6:53am

That seems odd.  Do you have a net, gross or a market enhancement clause in your lease?

Where there post production costs deducted from either?

What was the gross price that each firm received - the issue may lie with CHK having firm capacity on a pipeline and therefore being able to get prices outside the basin where as Statoil may not.  

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Permalink Reply by bobt on April 29, 2015 at 7:48am

normally chk and statoil have been a few cents apart on price per mcf and yes we have deductions. this is the first check that they have been so far apart chk deductions amounted to about 25 percent of the check and statoil amounted to about 50 percent,. our well is in terry township, bradford county pa.

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Permalink Reply by LW on May 1, 2015 at 6:29am

We had a huge difference in volume with Statoil being ridiculously low compared to Chk on current royalty check.     (for Feb)

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Permalink Reply by Flowerchild on May 1, 2015 at 3:31pm

I guess that may have something to do with us not getting a check since January. In the beginning it seemed like chk was playing games and statoil was maybe a good company. In the last year statoil has proved us to be very wrong!

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