Replies to This Discussion

Permalink Reply by Moldyoak on June 30, 2014 at 12:12pm

I've been trying to get an answer to this very question all this past month, and have received nothing but the run-around so far.  I believe that last month, at least, their disbursement did not meet the TGP Zone 4 monthly average threshold *if* selling to an affiliate.

• ▶ Reply

Permalink Reply by PLOVER on June 30, 2014 at 1:51pm

HELLO MOLDYOAK - PLATTS GAS DAILY PRICE INDEX  -

$2.84  PAID - JAN-01/2014 - FOR - NOV-11/2013

$3.04  PAID - FEB-02/2014 - FOR - DEC-12/2013

$2.87  PAID - MAR-03/2014 - FOR - JAN-01/2014

$2.93  PAID - APR-04/2014 - FOR - FEB-02/2014

$2.87  PAID - MAY-05/2014 - FOR - MAR-03/2014

$3.70 PAID - JUNE-06/2014 - FOR APRIL-04/2014

THE QUESTION IS - ARE THEY SELLING TO, OR THROUGH AN AFFILIATE - ?

IF SO - THE FRIENDSVILLE LEASE WILL REQUIRE SUCH. 

• ▶ Reply

Permalink Reply by PLOVER on July 6, 2014 at 2:39am

STATOIL'S PRICE FOR OUR THE FRIENDSVILLE LEASE WAS - $1.97 IN MAY -JUNE $2.68 SHOWING NO DEDUCTIONS.  PLATT'S GAS DAILY INDEX - MAY - $2.87 - JUNE $3.70

DO OTHER LEASES, BESIDES FRIENDSVILLE, SHOW $1.97 FOR MAY AND $2.68 FOR JUNE - BUT THEN SHOW DEDUCTIONS TOO ?

OR ARE LEASES OTHER THAN FRIENDSVILLE SHOWING ROYALTIES OF $1.97 FOR MAY AND $2.68 FOR JUNE WITH NO DEDUCTIONS - IF SO - STATOIL IS SIMPLY TAKING DEDUCTIONS FROM ALL LEASES, INCLUDING FRIENDSVILLE, FROM THE PRICE OF THE GAS WITHOUT SHOWING THE DEDUCTIONS TAKEN.

• ▶ Reply

Permalink Reply by PLOVER on July 6, 2014 at 3:54am

OUR LEASE, "THE FRIENDSVILLE LEASE" ALLOWS FOR "NO DEDUCTIONS" WHICH STATOIL IS TAKING FROM OUR ROYALTIES.  THESE DEDUCTIONS ARE NOT SHOWN ON THE -"INTEREST OWNER STATEMENT" BUT HAVE BEEN SUBTRACTED FROM THE "PRICE" SHOWN ON THE STATEMENT.  PROOF OF THIS IS OTHER ROYALTY OWNERS IN OUR UNIT WITHOUT A FRIENDSVILLE LEASE ARE RECEIVING THE SAME "PRICE" AS WE ARE.  THESE OTHER ROYALTY OWNERS IN OUR UNIT HAVE LEASES THAT ALLOW FOR DEDUCTIONS.

 

• ▶ Reply