Chesapeake no payment for May 2016; March 2016 gas

It is my understanding that Chesapeake is not paying royalty payments this month for most of Bradford and Sullivan Counties.  No statements, company line, costs were greater than production, landowner owes us money.

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Permalink Reply by Tusc-county-man on June 17, 2016 at 3:33am

Wrong!


They need us just as much.....actually more.


With land....there is no drilling.


Landowners could unite and get investors to drill a well.


They (O/G) need land to drill....that can only be obtained one way.

We (landowners) need $$$ to drill.....best way is O/G company, but not only way.

Yea i know how difficult it would be....pipelines/selling.....etc.


It has to be a "fair" partnership......hence the lease/contract.

If they insist on not playing fair (paying fair royalty) ....... I'd rather they  not drill at all.


3p4ekx80ulfbvPermalink Reply by 3p4ekx80ulfbv on June 17, 2016 at 4:21am

You're full of crap....WHAT ABOUT COAL?!?!?!....if they "buy" your coal outright you get a whopping 2 percent of market value....if they lease ur coal your get 4 percent....end of story.....but I know, you can round up some investors with picks, shovels and wheel barrows

Permalink Reply by Tusc-county-man on June 17, 2016 at 6:02am

deleted

Permalink Reply by Bob Shaw on June 22, 2016 at 8:51pm

Harry/Danny: You might want to review this. http://gomarcellusshale.com/page/site-guidelines

Permalink Reply by Billy Park Whyde on June 18, 2016 at 9:32am

Ah who owns the oil in the first place?

Permalink Reply by Charles Kessler on June 21, 2016 at 5:09am

I have not received  royalties from Rice Energy since January.

Permalink Reply by Greg Smith on June 7, 2016 at 7:48am

So they are not going to pay us period? When the other companies paid us?

Doesnt that void and nullify their lease agreement then???

Permalink Reply by warren forba on June 9, 2016 at 10:12am

If Chesapeake doesn't provide a statement, yet still extracts and sells the resource, how can the landowner claim depletion allowance on his taxes.

Permalink Reply by sircedric on June 11, 2016 at 12:36pm

I don't think we made any Capital investment to extract any mineral deposits so we can't really claim any depletion from what i understand.

Permalink Reply by frank speaker on June 17, 2016 at 6:22am

I suggest you go to IRS.gov and search 'depletion allowance' before you do your taxes.

Permalink Reply by John Capwell on June 11, 2016 at 12:18am
Chesapeake suspended royalty payments through inflated "production" costs. Other unit partners still pay for production but Chesapeake pays nothing. We are now covering their toilet paper costs in Oklahoma.

Call and demand a production report for your unit. In essence royalty owners are being charged without a bill if we do not have documentation of the "costs".
0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on June 11, 2016 at 3:49am

Greg,

      To answer your question:

So they are not going to pay us period? When the other companies paid us? Doesn't that void and nullify their lease agreement then???

Even the best lease in the country includes the statement that in so many words says: "Violation of Paragraphs of this lease, does not void the entire lease".  Take a look.

Throw in State governments that declare "O&G companies don't fall under the laws of the state", and the decree that "all actions by an O&G company will be sold to the Citizens as "Civil Matters" and you don't stand a chance unless you go on the offensive USING THE STATES OWN LAWS TO correct this misunderstanding of the definition of a Civil Matter vs a Criminal Matter.

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