Any good or positive dealings with Chesapeake in Eastern Ohio?

Are there any good or positive dealings with Chesapeake or any other company in Eastern Ohio?

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Permalink Reply by David Allen Lilly on December 17, 2015 at 1:39pm

Hey guys, I am well aware of the horrendous reputation Chesapeake has. All I can do is wait to get the checks, after which Chesapeake is going to explain to me how to read them.

I will try to balance the statements against themselves and what they report to the state, if it is too much I will hire the job out to an accountant who specializes in this sort of thing.

If legal action is warranted we will do that. I also am interested in the unit members forming a group to accomplish the common goal of EVERYONE getting paid per the terms of their lease.

But, I am not having a stroke over any of it.

It will all work out, I am hoping we are treated fairly, our lease is a good one, probably about as good as they get.

I am afraid some folks have leases with bad terms very unfriendly to the landowner.

By the way, I turned Chesapeake down when the land man was here with their lease trying to sign us up, prolly a very good thing.

Permalink Reply by Mike h on December 17, 2015 at 2:47pm

Nothing good to say about CHK here. Dealing with them has been painful. They ignore the terms of the lease until or unless you take action to force them to meet the terms of the lease. This is true even for stupid little things that really don't effect them negatively. And yes we have been getting royalties and yes, as Ron says, they are taking deductions on our no-deduction lease (gross at the wellhead).

Mike

Permalink Reply by bo boboski on December 17, 2015 at 11:46pm

AH, that's where they Gotcha!, "gross at the wellhead". They caught attorneys even unaware on that wording!

Permalink Reply by Billy Bob Meeker on December 22, 2015 at 1:14pm

Dave, what county are you in?

Permalink Reply by Dave Decker on December 23, 2015 at 2:29am

Jefferson County, Ohio

Permalink Reply by Indiana Smith on December 22, 2015 at 2:59pm

Nope.  The only good was the signing bonus.  They have ignored the lease ever since they got our signature.  

Our lease said:  No assignment of any rights granted.  Guess what:  they assigned and sold some rights.

Our lease said:  Lessee shall not disturb, use, or travel upon any land not being used in this lease.  Guess what:  they decided to drive trucks through a part of our farm that was not leased to them.

Our lease says:  No hazardous material shall be released on the premises.  They released a hazardous material on the surface of our property and never cleaned it up or compensated us for cleaning it up.

Our lease says:  Lessee shall compensate lessor for crop damage.  We never received a single dollar for crop damages.

Our lease said:  No deductions.  There have been deductions on every check.

Our lease said:  Royalties to be paid based on arms length transaction.  They are selling it to themselves for half the market price and then resell at market price after the royalties have been paid based on the lower price.  And they are under-reporting the production on the royalty statements.

I could go on, but I think you get the point.  This is not an old lease with bad language.  This is a recent lease and is supposed to be a "landowner friendly" lease.  But the terms are being ignored by CHK and we will be joining one of the lawsuits in order to enforce the terms of our lease and be paid by the terms of the lease.  I am also hoping that we are not renewed next year when our lease is up (there are a few acres that will be tied up by one well, but the rest are supposed tol be released... if they honor those terms of the lease).

Permalink Reply by DA Saltsman on December 23, 2015 at 3:21am

how about those can of worms---neighbor

Permalink Reply by Dave Decker on December 23, 2015 at 4:38am

It is making life
interesting. Nothing new at this point, just trying to talk to a lawyer about
the Mutual Agreement Clause before anything else is signed

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