edge pad

When will the edge pad be put into production?

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Permalink Reply by Dale Taylor on April 16, 2016 at 12:43am

Division orders came yesterday , 4-15-16 , I'm in 5 units , legs ,whatever , in production 2-12-16 , according to the paper work , didn't give me how many acres involved ?

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on April 16, 2016 at 3:17am

Dale,

      I asked for a Division Order from Chesapeake last month and they sent me an incomplete Division Order. I called Chesapeake and they said the Formal Division Orders weren't ready, so I told them I would wait for the Official DO.

Last week that Official DO arrived and it has the following Columns: Net Acres, Lease Royalty Rate, and Unit Interest, plus the total acres that make up the unit listed as "Unit Gross Acres" should also appear on the DO.

If you are missing any one of these facts, then you can't verify your Unit Interest, or what I call your Ownership Decimal Fraction.

The purpose of the DO is to allow you to verify the Ownership Decimal Fraction so you will know what you should  be paid from the total well monthly production value.

Call your producer and demand (politely of course) an Official DO with all of the above columns of information.

By the way, that number you come up with, 0.0007 for instance will more than likely rarely appear as that value on your royalty statement if you are leased to Chesapeake. Giving you a set amount of money each month regardless of well production for example the $15 I was receiving, is almost impossible without jockeying your ownership number.

Remember, all of those Office workers are only trying to earn a living. It's their Executive Leadership Team & ceo who implement the theft that shows up on your Royalty Statements.

Permalink Reply by Finnbear on April 18, 2016 at 9:48am

Chesapeake is not involved with Edge. Gulfport and Rice are.

Permalink Reply by Dale Taylor on April 27, 2016 at 1:41pm

Where are all the rich people from the Pugh Ridge wells ? I'm hearing these wells are chocked off so much , that they are spitting out penny's instead of $$$$ ?

Permalink Reply by Finnbear on April 27, 2016 at 2:24pm

Until oil & natural gas prices go up, you should probably expect them to continue to choke those wells. If you were sitting on the reserve that is in those wells, would you produce it full bore right now to give it away at today's prices?

Permalink Reply by Dale Taylor on April 27, 2016 at 2:29pm

No I would not , but makes me wish at my age , I should have sold the rights and took the money and ran a couple of years ago when I was offered a lot of $$$ and I do mean a lot . lol

Permalink Reply by Finnbear on April 27, 2016 at 3:15pm

That's a decision each individual mineral owner has to make for themselves after long and careful evaluation of their specific situation. At this point, I'd personally never sell my rights but I'm not yet 50, I'm healthy, and financially stable. All of those things are subject to change at any time. Hopefully for me, this investment will last long enough to benefit my kids one day.

Permalink Reply by Jane on April 30, 2016 at 10:40am
When can I expect money from lepley well...Winesburg was is a joke so far...did not get three month worth either..do not understand how this works....
Permalink Reply by Finnbear on April 30, 2016 at 11:45am

Who are you leased with, Rice or Gulfport?

Permalink Reply by Jane on April 30, 2016 at 12:27pm
Both
Permalink Reply by Finnbear on April 30, 2016 at 2:55pm

Have you called either of them to ask for an explanation?

Permalink Reply by Dale Taylor on April 30, 2016 at 3:34pm

I've heard lepley has been paying , not much better than the rest though , but I haven't seen any details ? I'm in Winesburg and edge , didn't get anything for winesburg , awaiting the $$$ from edge , don't have much hope for this time frame ? Lots of things against us  , election coming on and the low prices ???

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