Replies to This Discussion

Permalink Reply by wyalusing jim on May 23, 2013 at 12:37pm

don't forget swn dennis, 'cause they suck at selling gas.

just like they were whiney pee pants losers at paying decent bonuses.

right hump?

wj

Permalink Reply by philip andrews on May 23, 2013 at 4:46pm

TAIISMAN PAID 3.521 PER M FOR MAY 2013 CHECKS.

Permalink Reply by PLOVER on May 24, 2013 at 1:31am

.... does anyone have Platt's Gas Daily "midpoint" price for March ...?

Permalink Reply by melissa humphrey on May 24, 2013 at 6:38am

HHub spot was, ~ 380 something 

Gascos may sell mid mo, early late or on different dates, so there is no expected exact correlation.

 

summer fall CHK was running 30-50 under, improved post Nov, but mar is back

30 under te HH price/r

Permalink Reply by wyalusing jim on May 24, 2013 at 8:46am

yes dennis.

when prices were falling, I noticed that physical sales were over the nymex, but with prices rising, they have lagged somewhat.

I think that has to due with marketing techniques.

in a falling price environment they might be selling early and fast grabbing higher priced sales, while in a rising environment they may be holding back a little hoping to sell higher.

another factor here in nepa that shouldn't be overlooked is that the Tenneco is full. not enough room to get gas out. ground has been broken on the latest expansion project and I expect that new line to be completed by the end of the summer.

big question is...will tgp zone 4 pricing rise significantly with the additional bcf/d in capacity come fall? i'm hoping so, that would make it worthwhile having my land torn up for the summer.

wj

Permalink Reply by PLOVER on May 24, 2013 at 8:38am

... with a Friendsville lease, and an Energy company sells to an affiliate, CHK sells to C.E.M.I. their affiliate - Platt's  Gas Daily Published Index - "midpoint" is the "at least" price a Lessor can receive ...

Permalink Reply by wyalusing jim on May 24, 2013 at 9:10am

you have to let them know that you have the minimum price proxy if you want to get it.

mitsui and Anadarko have definitely paid below tgpz4 in the past, i'm not sure about chk and sto.

wj

Permalink Reply by Wayne Miller on May 25, 2013 at 4:15am

Anadarko paid 3.48 in May checks in Rome and Sheshequin.

Permalink Reply by wyalusing jim on May 25, 2013 at 4:32am

it's nice that Anadarko is getting up to speed on pricing lately.

wayne, do you know what percentage of production Anadarko is marketing from units in your area?

down here it's 21.17%

wj

Permalink Reply by Wayne Miller on May 26, 2013 at 3:44am

Anadarko is paying on 33.75%, Mitsui on 16.25%. Chk and Statoil split the other 50%, about 35% CHK and 15% Statoil of the total.

Mitsui is the only one that does a straight forward calculation. They multiply their 16.25% share times your acreage divided by the total unit acreage times your royality percentage to give you an owner interest on the D.O. This number is is the same on the payment stub.

Anadarko does the same calculation to give an owner interest on the D.O., but that number is different than the owner interest number on the payment stub.

CHK and Statoil take your acreage divided by the total unit acreage times your royality percentage to give you an owner interest on the D.O. (no company share percentage used). Statoil uses this number on the payment stub. CHK however uses a different number for owner interest on the payment stub. CHK also adds an adjustment number labeled Line Variance. Supposedly the production volumes are adjusted to compensate for the differences, but I have not been able to make any of the production numbers agree.

I would publish all the numbers, but there is so much BS out there and all some people want is to vilify you for trying to subvert the poor innocent gas companies..

 

Permalink Reply by wyalusing jim on May 26, 2013 at 5:50am

i'm sure that you've done your homework wayne, but I just want to make sure...

are the companies actually marketing those same percentages?

down here, the 4 companies have the same ownership percentages (roughly) as you stated, but chk is marketing a little over 44.5%, and apc, 21.17% of the production, regardless of their actual ownership percentages.

wj

Permalink Reply by Wayne Miller on May 27, 2013 at 3:11am

OK, here are some raw #s for a month, what can you tell me?

Owner Interest

                     D.O.             Check Stub        Volume Paid on         Volume reported to DEP

CHK      0.01263053       0.01202926        51341.48**                  147685

Stat       0.01263053       same                    22779.73

Anad     0.00426281       0.01287396        48604.27

Mits       0.00205246       same                 150303.00

Anad and Mits include in their D.O. #s their shares 33.75% and 16.25% respectively, so all the D.O. owner interest #s are straight forward.

CHK  says the # reported to DEP has a factor of .994569 applied because DEP wants the volume reported at a different pressure.

**CHK added a volume of 896.42 for Line Variance so actual volume paid on was 52237.73.

    

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