"I have noticed similar changes on my stubs. The CHK explaination does not make sense because they are constantly making their "corrections" every month. With regard to the corrections, I often get a whole page or more of changes each month…"
"There are several frustrations but here are my 2 big ones:
1) When I receive my monthly royalty statement from CHK there are sometimes a full page of recalculations going back typically 1,2 or 3 years. These are not recalculations of my royalty…"
158 acres is possible and would not be uncommon in areas held by old Clinton leases in Ohio. Many of these old leases limited unit size to 160 acres. At the time that was 4 times the minimum of 40 acres. I am in western Carroll county and…"
"I did initially receive positive royalties for NGLs when the sale price was positive. To add insult to injury, positive taxes are deducted for the negative sales with negative royalties. So I'm paying taxes on the negative sale just as if it…"
"My experience is that you are not contacted until you receive either a division order or your fist check - some companies don't hold up checks or even have you sign division orders and others do. The terms of the existing lease cover everything…"
"No this only goes one way. The new unit does not share in the old unit. Any property in the existing unit shares in a new unit by their interest in the existing unit. Once a unit is declared all proceeds within that unit will be shared among the…"
"My property is in NW Carroll County where there are already many vertical well units in place. Your situation is identical and I can explain their calculation, right or wrong.
Their rule is that an existing unit takes precedence over actual…"
If you're in Carroll County, OH go to the county website www.carrollcountyohio.net. Then go to the Recorder's page and do a Property Search. This will link you to another site. Type in the unit name and look for Lease documents. One…"
"David: Don't hope for too much help from Antero. In my case I am leased by Enervest but part of my property is in a Chesapeake unit. For that unit, I have to deal directly with CHK just as if the lease was with them. Enervest washed their hands…"
"I think it is all in the lease, not who you sign with, I didn't have a choice, my property was leased already when I bought it. The Original lease was with M& B Operating. After I bought the property they transfered it to Great Lakes, who…"
Thanks for the help. I contacted CHK and they seem to have all my information correct. I'm not sure where this comes from but they told me that they have a 4 to 6 month grace period to file the Division order and start paying…"
I do own all of the surface and mineral rights. The Oil and gas lease is an old Clinton lease currently with Enervest. Enervest is paying royalties per that lease for two vertical wells and the Cairn 5H horizontal well. The new well is the…"
"I have an idea that will work much much faster, but it will take a large number of commited landowners willing to give some time and effort. My idea is to form a landowners union. Then go on strike: picket, sit in and stop the movement…"
"Don't count on recieving a Declaration of Unitization (Division Order), let alone before production or being asked to sign it unless that is in your lease. The leases that I have only say that a Declaration of Unitization…"
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 ]