I have one producing well that CHK drilled then sold to Rice. Got a letter from Rice informing me (and all of us in this unit) that they have elected  to reduce production in our area. because of low price market. Just thought I would for warn some out there. Guess all our big dreams are on hold..... 

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Which unit was it?

Michael McNicholas....springhill township, Greene county Pa.

Donna,

Have your state ODNR or DEP Employees check the production at the unit for NGLs and oil.

Chesapeake is moving NGLs fast enough to keep the Kensington Plant at full capacity.

They are crying about Natural Gas and Oil prices but keeping the profits from a NGLs in Ohio to themselves.

We all have the evidence in out Royalty Statements plus I have the CHK Revenue spreadsheet for Buck Well 1H showing how they are not only taking the NGLs without a royalty, but are charging processing fees against our Oil and Gas royalties reducing them further.

If my comments bother anyone out there, then think of Mr. Magoo as a Spoiler Alert and please don't read my comments.

For everyone else, better figure out how many ways you are being stolen from.

Thanks Ron

What's better? Selling your gas for 80¢ an MCF this winter or perhaps $3 in 2018?  I would opt to take the future price...at worst the gas price will be flat.

The cure for low prices is low prices, they say.  But if the states want to help they should impose allowables and cut production just like they did from the 1930s - 1970s.  Slash production by 30% and prices will increase more than 30%.

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