Just got a Gulfport check - our deductions (with the no deductions but market enhancement clause lease) has now risen to 35%. Production was also cut in half. This is so frustrating that there is so little information out there for the property owner to educate themselves and/or manage this process. If my lease says no deductions directly or indirectly for gathering - than I should not be charged for gathering as a market enhancement. Why does this charge fluctuate every month - always going up but never down? We as landowners are a part of this business so why are we not entitled to the proper information to manage our business? If as a business owner I am paying for market enhancement costs than as a business owner I should be entitled to a breakdown of that information each month as well. If I rent you apartment and the lease says you have to pay half of the electric bill over $100 - you get to see the elctric bill to verify you are paying your proper part. And your part is always the same percentage just a different cost based on the size of the bill! Sooooo frustrating :-(
Tags:
Jeff contact Rob Sanders whose number is on the last page of this Complaint and see if he has something for Rice yet.
If not, start a Class Action Lawsuit and a Class Action Arbitration if it is required by your lease.
We are busting Chesapeake "Chops" with this strategy.
Rice will be a "Cake Walk" due to not having enough relatives in the company that are lawyers.
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