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Permalink Reply by Charles Randolph on November 14, 2013 at 2:51pm

I think a takeover of leases by Statoil should be viewed as a positive. When asked directly whether the company intends to deduct large "marketing" amounts from the royalty checks of landowners, they have stated that it's their policy and belief that landowners should be treated fairly. They have a 30% interest in some of Chesapeake's shale holdings. I have seen one example of their royalty payment on such a lease. I'll try to locate the specifics for you and post it here. When I do, take a look at the vast difference between how Statoil treats the landowner and "the Chesapeake way".

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Permalink Reply by searcherone on November 14, 2013 at 3:08pm

I questioned a person this week with business ties to D. A. C. and was told that D. A. C. is still drilling and doing leases.  Apparently the leases of D. A. C. that transferred to Statoil were ones that were in a joint venture with Grenadier Energy Partners.  So it is possible that your lease did not go to Statoil and is still with  D. A. C.

lol I saw a D. A. C. truck at a red light in Wetzel Co. this week.

 

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Permalink Reply by Thomas Gary Moore on November 14, 2013 at 5:42pm

Thanks everyone.  I found out more in a couple hours than I did in 2 months. 

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Permalink Reply by Charles Randolph on November 15, 2013 at 12:07pm

Mr. Moore,

  I found those numbers on royalty receipts from the guy whose well is controlled jointly by 3 companies.  Look at how Statoil treated him more fairly than the other two.  Can you imagine what a difference in income this makes to an individual landowner over time ?  "Reply by Tom R
My most recent checks were for August production. I have the infamous "Market Enhancement Clause" in my lease so can't really give an official "at the wellhead" price but here are the numbers I have,
Chesapeake gross $2.99/mcf  net $2.23
Anadarko     gross $2.90/mcf  net $2.15
Statoil (no ded. taken) $3.044 (yes, the statement does show the 1/10's of a cent) "

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Permalink Reply by Linda R. Gates on August 24, 2015 at 11:36am

Was anyone getting Royalty payments from Grenadier Energy? I have inherited mineral rights in Wetzel County - Clay and Center district DAC leases - however never received any Royalty Payments from Grenadier Energy after the pooling of units. Need contact info. if anyone has it. Currently working with Statoil in getting current on Royalty payments since they took over.

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