STATOIL - FRIENDSVILLE LEASE - PLATT'S GAS DAILY - DEDUCTIONS

.. STATOIL SELLS ITS GAS THROUGH AN AFFILIATE - I HAVE CONFIRMATION OF THIS FROM THEIR LEGAL DEPARTMENT - ACCORDING TO MY INTERPRETATION OF THE FRIENDSVILLE LEASE STATOIL MUST PAY "AT LEAST" THE "MIDPOINT" OF PLATT'S GAS DAILY PUBLISHED PRICE INDEX TO FRIENDSVILLE LEASE HOLDERS - WHICH THEY HAVE FAILED TO DO ON SOME, BUT NOT ALL MONTHS, - STATOIL STATES THIS IS "CURRENTLY UNDER REVIEW" AS TO WHAT WAS PAID. 

WHAT HAPPENED TO THE  ROYALTY CATEGORY - AND THE ASSOCIATED POSTS ? 

STATOIL SHOWS A "UNIT PRICE" ON THEIR "INTEREST OWNERS STATEMENT" WHICH I BELIEVE HAS BEEN "ADJUSTED" - MEANING DEDUCTIONS HAVE BEEN TAKEN BUT NOT SHOWN.  

ON STATOIL'S  "INTEREST OWNERS STATEMENT" - "OWNER DEDUCT" - SHOWS - $0.00  - THIS IS FOR ALL THE LEASES IN OUR UNIT - WHICH BEGS THE QUESTION - IF ONLY "THE FRIENDSVILLE LEASE" IS FREE OF DEDUCTIONS WHY ARE DEDUCTIONS (OWNER DEDUCT) NOT TAKEN FROM LEASES THAT ARE EXPOSED TO DEDUCTIONS?  I SUGGEST THAT THE "UNIT PRICE" IS POST DEDUCTIONS (HIDDEN DEDUCTIONS) FOR ALL LEASES STATOIL IS PAYING ROYALTIES TO.  

OTHERWISE STATOIL IS PURPOSELY NOT TAKING DEDUCTIONS THAT A LEASE IS VULNERABLE TO ? - THIS DEFIES NOT ONLY LOGIC - BUT WHAT THE ENERGY COMPANIES HAVE BEEN DOING.

Views: 427

Reply to This

Replies to This Discussion

Are you thinking "class action" here, Plover?  Or are you gonna pursue this through the courts alone?

... INITIATED A "DISPUTE RESOLUTION" - WITH STATOIL - IN ACCORDANCE WITH THE FRIENDSVILLE LEASE SECTION - SEE WHERE THAT GOES - 

RSS

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service