Royalty Deductions when multiple companies own the well.

The Well for the unit we are in is jointly owned by 4 companies. With each marketing their share of the gas.

Will the deductions (%) that they take, be the same across all 4 companies, or will they all deduct different amount/percentages??

Thanks for any help. 

Views: 1545

▶ Reply to This

Replies to This Discussion

Permalink Reply by LW on March 20, 2014 at 4:12am
Different volume, different gas price, different deductions. Nothing is ever the same across the board.
Permalink Reply by cj wyalusing on March 21, 2014 at 10:20am

They will pay you on the percentage of the well production.  THAT THEY OWN  but also you now have 4 people to chase for your money. Keep a I on this site alot of great people on here. Good luck 

Permalink Reply by marilyn ascani on March 24, 2014 at 2:15am

FYI, we have wells with 4 different companies.  This is the breakdown of last years productions and deductions:  CHK took approx 25%, Stat took 34%, Mitsui took 7%, and Andarko took 1%.  There is no rhyme or reason to the deductions just that stat is the greediest of them all.  I can see CHK taking their share, they put in the well and pad but how can Stat justify taking one third? 

Permalink Reply by lamar r king on March 24, 2014 at 9:41am

IN SMITHFIELD TWP ,BRAFORD CO. WERE THEY HAVE PUT ALOT OF GATHERING SYSTEMS IN,CHSPK TAKES 40-50% AND STATOIL TAKES 0% FROM ME!

Permalink Reply by PHILIP ANGELO on March 24, 2014 at 9:54am

Same!!! maybe 60% chk 0 stat

Permalink Reply by Ron Griz on March 24, 2014 at 10:55am

For our wells, Anadarko has drilled the wells and the gathering lines. Given that senario, i wonder if Anadarko would be taking the most in deductions??

Permalink Reply by cj wyalusing on March 25, 2014 at 12:32am

You do no that anadarco is CHP?

Permalink Reply by Ron Griz on March 25, 2014 at 1:02am

What do you mean that Andadarko is CHP ???

Permalink Reply by lamar r king on March 25, 2014 at 1:21am

if you are in Bradford co.,ANADARKO is a big joint venture partner w/ cspk.percentage of the jv varies from well to well I think.

Permalink Reply by Ron Griz on March 25, 2014 at 1:24am

I am in Lycoming Co.  

Permalink Reply by Golddigger on March 25, 2014 at 3:46am

Anadarko has no relationship to Chesapeake. They have joint ventures with Chesapeake, as does Stat Oil, Mitsui, and others. They are an independent oil and gas company out of Texas with 5700 employees on the books. Trade under APC in the NYSE.

Permalink Reply by cj wyalusing on March 25, 2014 at 8:01am

Well then how come there  ceo

is now the head of chsp.

RSS

© 2025   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service