Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Contact Us | All Access E-Edition | Home RSS
 
 
 

Property Owners Awaiting Payment

Some say CHK isn’t sharing the wealth as they had promised

March 4, 2013

WHEELING — When Gary Auber learned Chesapeake Energy was producing an average of 290 barrels of oil per day from the Hickman pad near Dallas Pike Road, he began wondering when he would be paid for......

« Back to Article

 
 
sort: oldest | newest

Comments

(13)

walksabout

Mar-05-13 6:06 PM

see what you get when greed causes one to forget they are still a local yokel hillbilly with some gas on their land.

0 Agrees | 0 Disagrees | Report Abuse »

walksabout

Mar-05-13 6:03 PM

it is true. If it sounds too good to be true, you will be offered a contratc and a smile.

0 Agrees | 0 Disagrees | Report Abuse »

walksabout

Mar-05-13 6:02 PM

wow. you mean the energy company owners can't be paid either since their is no way of knowing nothing ?

0 Agrees | 0 Disagrees | Report Abuse »

walksabout

Mar-05-13 6:00 PM

How doesthose old sayings go ? Fool me once or twice or more- shame on me. Fools and jewlers work on thir watches. High dollar drinks are water with costly stuff added.

0 Agrees | 0 Disagrees | Report Abuse »

WVUGEO

Mar-05-13 2:34 PM

And, "Mikeyd" is right when he says below that "nobody knows what or where any of these gases are actually coming from.your property or your neighbors". With fracking and horizontal drilling, a well on one property can easily be made to drain gas from under the surface lying across one, or even more, property line surface boundaries. Somebody else might be getting these folks' royalties. The solution being proposed is called "forced pooling", where adjacent property owners HAVE to lease their mineral rights, even if they don't want to, if one or more of their neighbors does. Royalties are then paid to all the owners as an average from all wells in the "pool".

0 Agrees | 0 Disagrees | Report Abuse »

WVUGEO

Mar-05-13 2:07 PM

There might be an unfortunate reason property owners aren't getting paid. Chesapeake could only get $2.07 per thousand cubic feet of gas last quarter, down from $3.87 a year ago. Chesapeake showed higher earnings last year than in the year before, but, that is only because of sales of assets they've been forced into because of their cash crunch. According to Reuters in "Chesapeake to sell pipeline assets for more than $4 billion", "Chesapeake (planned) to sell its pipeline and related assets ... as the company scrambles to plug an estimated $10 billion funding shortfall"; and, again according to Reuters, in: "Chesapeake to Sell 50% Stake in Oklahoma Sites to Chinese Company", they are even selling property to find money just to finance current operations. They might not have the cash on hand to pay royalties. And, they are under investigation by the SEC. There might be real problems there your local news reporters should be looking into and telling you ab

0 Agrees | 0 Disagrees | Report Abuse »

wvhoopie2

Mar-05-13 7:32 AM

Time to get a lawyer and time to void all the leases that insiders used in their favor in getting the leases signed fast and pay you slowly later. Ohio voided 20000 acres, it could happen in WV.

1 Agrees | 0 Disagrees | Report Abuse »

walksabout

Mar-05-13 12:24 AM

you don't miss what you never had. get over it. Be glad your inknown share of energy money is helping your community and fellow man.

0 Agrees | 0 Disagrees | Report Abuse »

DenverMac

Mar-04-13 9:09 PM

His share per day would be more like 35 dollars.

0 Agrees | 0 Disagrees | Report Abuse »

stephenwv

Mar-04-13 12:05 PM

At 290 barrels per day and 18.5% royalties, that should pay him well over $2000 per day royalties. A lease lawyer might help.

0 Agrees | 0 Disagrees | Report Abuse »

daWraith

Mar-04-13 7:43 AM

The check is in the mail.

They gave at the office.

Trust me.

etc. etc. etc.

0 Agrees | 3 Disagrees | Report Abuse »

mikeyd

Mar-04-13 6:53 AM

won't be any royalty payments.nobody knows what or where any of these gases are actually coming from.your property or your neighbors.no way of regulating it.if there isn't a well on every property there's no way of knowing.

1 Agrees | 1 Disagrees | Report Abuse »

walksabout

Mar-04-13 1:55 AM

democrats with mineral leases should gladly sign their entitlement pver to their man in DC who desprately need the funds for stuff.

3 Agrees | 1 Disagrees | Report Abuse »

Showing 13 of 13 comments
 
 

Post a Comment

You must first login before you can comment.

*Your email address:
*Password:
Remember my email address.
or
 
 
 

EZToUse.com

I am looking for: