Has anyone received a royalty (NOT bonus) payment from Antero?

Hello, all! I'm in an Antero unit that went to sales on July 21. According to my contract, I'm supposed to begin getting royalties six months from the first day of the month after that, which would be February 1, 2015. I have heard that they are consistently late in paying royalties, and that they're behind on issuing division orders. Has anyone out there received a royalty (NOT signing bonus) payment from Antero? Anyone received a Division Order yet? Just curious if this is a good company to be dealing with. They seem to be a great producer. Thanks for anything anyone is willing to share. By the way, I'm in the Vorhies unit. The initial production numbers are up on their company presentation and they look pretty good!

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Permalink Reply by The Hiker on October 18, 2014 at 3:19pm

Ditto.  Thanks for the link Nancy.   Great stuff.

Permalink Reply by Nancy Mosley on October 18, 2014 at 4:05pm

You're welcome. Pass it on. Many of us will need it sooner or later!

Permalink Reply by Paul Nickels on October 19, 2014 at 10:41am

Very helpful, Nancy. Thank you!

Permalink Reply by Robert Alexander on November 14, 2014 at 3:10pm

Just signed and mailed in DO from CHK, was 1 page...

Permalink Reply by Carl Krebsbach on October 11, 2014 at 4:46am

The person I talked to was the person who sent me the Declaration of Unitization.  There was nothing for me to sign; the cover letter indicated that it was informational only.  Her title is "Land Technician", and her name is Sarah Hummel, 303-357-6837.  There is another one named Emily in the same role and she can be reached at the same number.

I think first I'll review my lease to refresh my memory and then call a neighbor who has more acreage than I in Unit A and see what all he has gotten so far.

Permalink Reply by Carl Krebsbach on October 24, 2014 at 11:33am

Today I received the Declaration of Unitization for the first Unit, as they promised, so as of now Antero has kept their word and I have no complaints with them.

I'm expecting the following paperwork now.  Not sure if there is any other paperwork besides these and actual royalty payments:

Division Order for the first unit, which should be coming in about 3-7 weeks.

Division Order for the second unit probably sometime mid 2015

Declaration of Unitization for the third unit probably sometime mid to late 2015

Division Order for the third unit probably late 2015.

Permalink Reply by Carl Krebsbach on October 16, 2014 at 5:26pm

I recently got a call asking me to confirm my mailing address.  I was told that within 4-8 weeks I would be receiving a Division Order.

Maybe there is hope after all....

Permalink Reply by Paul Nickels on October 19, 2014 at 10:40am

Interestiung, Carl. When did your well go into sales?

Permalink Reply by Carl Krebsbach on October 19, 2014 at 3:56pm

Early May.....so it looks like a D.O. will be had about 6-7 months after production started.

One thing I am wondering about is the part of my lease that is headed:  "When Royalties Must Be Paid" and that goes on to mention 120 days, 90 days, and that royalties not paid on time accruing interest at 5% above prime per annum

Determining whether they pay correctly according to the terms of the lease could prove to be VERY complicated.   :-(

Permalink Reply by Paul Nickels on October 20, 2014 at 6:40am

I think that's just how they want it, Carl!

Permalink Reply by Foster Lytle on October 20, 2014 at 2:20pm

How do you find out when your well have gone to sales?  This may seem like a dumb question, but i sure would appreciate some info on this.  It seems like I am finding out just how much I don't know!!

Permalink Reply by Paul Nickels on October 21, 2014 at 3:12am

Not dumb at all, Susan. You have to drag out information from the companies. If you are with antero, go to their website at www.anteroresources.com and go to the contact page. You'll find a landowner relations email contact there. If you are with a different company, you can probably find a similar link on their site.

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