Anyone collecting royalties on a Talisman lease - pipeline transport charge question
Is there anyone currently receiving royalties from Talisman that might be able to answer my question.
I am not sure of the correct term but what I want to know is does Talisman subtract a fee/charge to transport the gas through the pipeline from your royalty check? I know all leases are not the same but I was warned this may be their practice, has anyone encountered this with them? Thank you.
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Replies to This Discussion
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Permalink Reply by Frank Walker on -
Absolutely not. My lease protects me from such charges. But even folks with boilerplate leases do not pay such a charge when leased with Repsol (formerly Talisman).
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Permalink Reply by Barbara on
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Thank you for your reply. We have been offered a lease and what concerned me is this. The lease states "...all oil and/or gas will be delivered free of cost to the tank or pipeline." I was concerned about what happens after it enters the pipeline or tank. Thank you again.
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Permalink Reply by Frank Walker on
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You are welcome, Barbara. I'm unaware of Repsol not treating Lessors fairly. However, with a Repsol lease as with any other, landowners run the risk of the lease being sold to another gas company, one not known for fair dealing. Thus, not because of Repsol but instead owing to the aforementioned possibility, I believe a lease should specifically prohibit wellhead sales. This is an addendum provision, BTW, of which even many lawyers are unaware.
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This story is to good to be true, landowners being paid a fair royalty.
Are you sure there have been no pipeline or post production charges? Your Royalty Statement will read $0 for deductions even if you are getting a few dollars an acre due to post production overcharges.
Are you getting Fair Market Value for your well products, or something less than FMV?
Are you making $15 an acre of $1,500 an acre?
Most landowners have a feel for when their Royalty Payment is being shorted. The monthly check they are receiving won't pay for a trip to the grocery store, while their producer is making Millions off of the well products being taken.
Tanker trucks making 10 trips a month to your well to pick up oil, and they show 35 barrels or less per trip is a good indication of being shorted Royalties.
Also if you live in an area known for NGLs and you don't get paid for NGLs, that's also a tip something is wrong.
"Absolutely not. My lease protects me from such charges."
Is your lease 16 pages of landowner protection from theft like all the ALOV & SURE leases in Ohio that are now not being paid a royalty due to Fraudulent overpayment?
A lease is only as good as the company you are leased to, and I have yet to see proof of a company who doesn't "take liberties" when paying a landowner royalties.
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Permalink Reply by Frank Walker on
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Ron
I cannot take credit. Repsol (formerly Talisman) just happens to be the dominant gas company where I live. They treat their Lessors in a fair manner. We are treated as valued business partners.
BTW this is dry gas country here where I live. There are no NGLs.
Ron wrote: "A lease is only as good as the company you are leased to"
In my view, this is a truism.
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Frank,
If you give me the name of the county and a nearby well, I'll check to see what wells in the area are reporting for production. Range Resources and companies Chesapeake has sold to are reporting no NGLs to the landowners but reporting NGL production on their Quarterly Reports.
"Valued Business Partner", this would also be a first.
I'm betting Talisman now Repsol has something to hide. Changing their name is another clue that something isn't right.
Knowing the truth isn't being greedy. The more you make, the more the State benefits in tax income. That's why allowing theft in the Shale Play States is so puzzling to me. It could only happen if the producers are paying off the governors and attorney generals.
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Permalink Reply by Andy Grafton on -
Talisman didn't change their name, they were bought by Repsol last May. Just an FYI.
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Permalink Reply by Toytown on
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Barbara, you are lucky to be with Talisman. People I know are very happy with them.
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Frank,
I did my own research and found that Repsol is a Spanish Corporation.
Most non domestic O&G companies are unaware of US Domestic O&G producers history of short changing US landowner Royalties.
Total E&P USA from France has been paying a royalty to Buck Well 1H for 25% ownership, but Chesapeake has taken the Total E&P money from the landowners.
Tomorrow Repsol will release their Quarterly Report. If they report NGLs are being taken from Guernsey County but NGLs don't appear on your Royalty Statement, that could mean you have been short changed.
I hope this isn't the case, but Producers are taking NGLs without payment all over the wet gas region of the Appalachian Basin.
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Permalink Reply by Frank Walker on
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Ron, really, ya gotta switch to decaf.
And, again, here where I live in PA there ARE NO NGLs. There is no oil here, either. All we have is dry natural gas. The stuff is practically pipeline-ready just as it comes out of the ground for goodness sake. Not all participants here on this forum face the same circumstances as you, or as one another.
Ron, one last thing:
If you have been dealing with Chesapeake I hope you will accept my sympathy, earnestly offered. If that's the case I can understand your agitation. You have been dealing, in essence, with the devil in corporate form. If it's not Chesapeake that has you rattled, I'm at a loss to know what it is.
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