"I don't really care who is doing the stealing,and if they are stealing, prove it.
My lease clearly allows for deductions, and CHK never itemized them. By my calculation, IF the Encino itemized deductions are valid, a sale price of $1.89…"
"I just received the bankruptcy notice concerning Chesapeake. A contingent claim may or must be filed with the court for unknown debts related to false or underpaid royalties which may have accumulated over the years. Anybody have any knowledge or…"
" A problem still resides within the definition of 'royalty' you quoted, namely, "but there are also other modes or metrics of compensation." In this case it could be interpreted as a percentage payment in kind, though…"
"Your lease is very much open to interpretation. When it says you will be given an amount equal to x% of the product removed, there is no mention at all of money. My lease from 1982 says I can come and pick up the product. If I want it separated,…"
"The wells are metered at the wellhead. Before you think about hiring an auditor you should have an attorney examine the lease. Sales need not be made at hubs, and you were told your gas was pre-sold, so did they have a right to do that? Perhaps…"
"If your lease said no deductions at the well head, then any expenses they have after the well head they can deduct despite what you thought your lease was clear about. The only clearly written lease would be one that stated the price paid to you…"
"So two Fridays ago the Congress voted overwhelmingly to sanction the pipeline builders of Nordstream2 in a desperate attempt to halt construction. Trump, who is supposedly in the pocket of Russia, will sign the bill. The pipeline will be completed,…"
"These will take up zero land, because they will be placed off shore, and tall enough that the wind will blow almost constantly, They will not kill miners to dig them, or cripple them for life, or abandon them or their towns when they are no…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]