Has Anyone had any Good Experience with CHK

There is a lot of negativity surrounding Chesapeake's Royalty Payments and I was Curious as to whether anyone has had a good experience with them.

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Permalink Reply by james david lamm on December 6, 2014 at 3:09pm

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.

Permalink Reply by Magnetron12 on December 8, 2014 at 2:40am

Wow that's great. He must have about 2500 acres. Thanks for responding...

Mag

Permalink Reply by Donald on December 8, 2014 at 3:35am

Does that mean hes not getting ripped off?

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on December 10, 2014 at 1:14pm

Frank,

    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!

Permalink Reply by James Foster on December 9, 2014 at 7:28am

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.  

Permalink Reply by Magnetron12 on December 9, 2014 at 8:18am

Great.... I knew there had to be some positives...

Permalink Reply by cj wyalusing on December 9, 2014 at 2:26pm

Is ohio law mandate reporting  volume numbers ?

Permalink Reply by Cynthia Cook on December 9, 2014 at 8:18am
We just started receiving royalties in April of this year. Granted, sale prices aren't that great, which is due to the market, of course, but we've never had any deductions taken from any of our checks. We have had a great rapport with all the CHK field reps and our rep with the Land Dept. in Oklahoma City. They've been really cooperative and bent over backwards to make sure our pad is being sited where we wanted it.
Permalink Reply by cj wyalusing on December 9, 2014 at 2:24pm

Dose you lease have no enhancment  fees ect, ect

Permalink Reply by Cynthia Cook on December 9, 2014 at 8:20am
Magnetron, make sure you are getting at least 18 percent GROSS royalties.
Permalink Reply by Clarice on December 10, 2014 at 12:17am

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.

Permalink Reply by Cynthia Cook on December 10, 2014 at 7:16am
To be honest, it all depends on how much leverage you have...how many acres, which County you're in, etc. where are you located and how much land do you have?

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