sorry folks. my boss has 17 wells on his farms in carol county and I do not hear him bitching. that is why there are lawyers to look over leases. this is probably the best thing that happened to south eastern ohio. go chk.
Wow that's great. He must have about 2500 acres. Thanks for responding...
Does that mean hes not getting ripped off?
You have a way with words and are very positive sounding which is great even with a topic as controversial as CHK.
The best lease on earth will do nothing if in the hands of CHK, they say good we have them leased, then stick the lease in a file drawer and do what they want knowing they are committing theft (taking whats not theirs in other words) even though they have never been convicted, YET!
We have not had any problems with Chesapeake! We are in a drilling unit, it has one well drilled, we received our bonus in a timely manner, and are receiving royalty checks also in a timely manner. The product sold matches that reported to ODNR.
Great.... I knew there had to be some positives...
Is ohio law mandate reporting volume numbers ?
Dose you lease have no enhancment fees ect, ect
Cynthia, my lawers are have a devil of a time getting CHK to move off its boilerplate royalty language. We are trying to put in language to ensure any CEMI sales are comparable to what a third party would get.
Can you please share the royalty calculation provision in your lease that provides for gross royalties?
Thanks in advance.