We are seeing a huge increase in our deductions from Gulfport. In the last year, the deduction percentage has more than doubled. They are now 29% of our gross royalties. Meanwhile, EQT who actually operates our wells has a much lower deduction percentage. It is only between 6%and 8% of our gross royalty. Is anyone else seeing these high Gulfport deductions?
One day soon you will learn that the volumes of Your well products have been severely under reported.
You are doing very well if you are getting a 1% royalty from any O&G company.
With Encino taking what they want of the 1% royalty Chesapeake was granting to us, leaving a 0.1% royalty for the 4 counties they are located in, I would expect other companies to follow suit, since no one is watching. THE COAST IS CLEAR, or is it?