Replies to This Discussion

Permalink Reply by Sherre Boyanowski on February 1, 2014 at 3:58pm

Neighbor called Chesapeake and was told that they changed their date to the last working day of the month instead of the 15th working day of the month.   Received check from Statoil. Price was $2.69 and $2.70 for Nov gas. BIG difference from last month. $1.64 and $1.65 for Oct gas. Volume seems to be down. Being shut in due to lack of room in pipeline.  Wyoming County, Pa.

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Permalink Reply by Barbara on February 1, 2014 at 4:05pm

thanks, sherre

sure gets confusing.  sooooo  in a week or so, i guess?  i wonder if stat will change also?? i suppose another 'wait and see' will be how we find out.

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Permalink Reply by JK on February 1, 2014 at 5:50pm

We got our 1099 for 2013 and the numbers do not match.

No check from chk for January.

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Permalink Reply by Barbara on February 1, 2014 at 7:05pm

oh great...the numbers make my eyes cross already!  thanks.

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Permalink Reply by Sherre Boyanowski on February 2, 2014 at 4:08am

JK, the 1099 should reflect the gross amount. Subtract the deductions and you should have the net amount of your checks. Make sure your accountant reports the deductions on your income tax.

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Permalink Reply by bobt on February 2, 2014 at 4:27am

received check from statoil on 1/29/2014, received check stub 2 days later, check was dated 1/23/2014. Chk. e-mailed me check detail on 1/30/2014, check detail is dated 1/31/2014, did not receive the check yet, detail shows deductions doubled from last month I e-mailed Chk and inquired why, they told me it was because Tennessee Pipeline used Tectco Pipeline to transport and Tectco double their cost from last month. they hope to resolve this issue soon

BobT

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Permalink Reply by Sherre Boyanowski on February 4, 2014 at 7:35am

BobT, Did Chesapeake send you that info on Tennessee and Tectco in an email? Do you still have that email? Are you in Bradford Co?

Sherre

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Permalink Reply by JK on February 2, 2014 at 9:58am

Sherre,

We have zero deductions in our leases.

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Permalink Reply by lamar r king on February 2, 2014 at 1:48pm

I hope the issue with the tetco pipeline is why my deducts hit a high water mark of 60+%.[chk Appalachia]

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Permalink Reply by Barbara on February 2, 2014 at 2:00pm

that's horrendous. , lamar.

JK. how do you have no deductions?  where are you?  a nice thing, for sure.

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Permalink Reply by JK on February 2, 2014 at 4:22pm

Our leases with chk were set up with no deductions in the 90's.

But - chk has put regulators on the wells and they only run a few hours a day so we are not getting much in royalties.

Very frustrating.

Mon county, WV

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Permalink Reply by Tom R on February 3, 2014 at 9:01am

    Had gotten my check from Statoil 1/28/14. Checks from CHK and Anadarko arrived today. Also got wildly inaccurate 1099 from Statoil, claimed they paid me more than 4X the amount I actually received. Called their office, they say many people are having a similar problem with the 1099s, they are aware of it, are working on it, and will be sending corrected 1099s "soon".

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