Chesapeake Energy Royalty Payments
Travis 3

Pasadena, TX

#21 Mar 15, 2010
Yea, it sounds like the old Chesapeake that I knew and din't love. I'm so glad they sold my leases. Thanks for the estimated average wellead price site. I would like to have had it when I was arguing with Chesapeake over the past 14 years. They used to send me some mumbo jumbo spread sheet based on 4 different indexes that still didn't make sense.
Travis 3

Pasadena, TX

#22 Jun 5, 2010
I haven't seen any thing since March. Has Chesapeake cleaned up it's act?
Curious

United States

#23 Aug 1, 2010
I got a decent signing bonus in Oct 2009 from Chesapeake as well as 15% royalty for a 5 year lease in Cleburne county Arkansas. However it was gr grandpas rights and I live out west so it's not like I can look out the back door and see the progress made.
That was 10 months ago I had heard nothing so I called Chesapeake the other day. I was told that XTO drilled a well and I should get a check in 4-6 months from now.
So who will be paying me---XTO or Chesapeake?
And do they pay yearly or monthly?
I know that if the amount is small some companies just issue a check annually.

I didn't even know gr grandpa had any rights in Arkansas so I was blown away by what seemed like my good fortune.($750 per acre plus the 15%) Is that pretty standard?
I'd appreciate anything anyone can tell me.
lilbigmanvnv

Los Angeles, CA

#24 Aug 5, 2010
Pineoaks did you ever recieve your royalty check from Chesapeake. I am only asking because we are waiting for owrs and they say it should be around the end of this month August 2010 and owr wells have been in production sence May this year
hal

Rowlett, TX

#25 Sep 20, 2010
My family has a well in Louisiana. The biggest one in 50 years of natural gas. Chesapeake haven't sent us a dime yet. Our well has been pumping since Feb. 2010 and still pumping as it was from day one. Now they say they're going to pay us in 6 years. What should we do about our money? They keep saying they only pay for the land and not the gas. Shouldn't we get paid for the gas?
Travis 3

Pasadena, TX

#26 Sep 21, 2010
To Curious:

Bonuses are runnings around $2000/acre and royalties are runnings around 25%. The smaller the tract the higher the bonus and royalty.
Travis 3

Pasadena, TX

#27 Sep 21, 2010
To Hal:

The operator pays the royalty. Contact Texas Railroad Commission to find the operator and well number plus zone number to access the monthly production on the TRC web site.
Travis 3

Pasadena, TX

#28 Sep 21, 2010
To Hal:

Forget about TRC. Check with Louisana and see who oversees gas & oil poduction for information. Also; first checks take about 6 months and they are always about 2 months behind. So: you get paid for January production on or before April,1 etc.
Curious

Las Cruces, NM

#29 Oct 7, 2010
Travis 3 wrote:
To Curious:
Bonuses are runnings around $2000/acre and royalties are runnings around 25%. The smaller the tract the higher the bonus and royalty.
Thanks for the info. What you quote makes what I got seem rather puny.
However it was unexpected and I never had to pay a cent for the mineral rights because I inherited them....So it is all good.
Travis 3

Pasadena, TX

#30 Oct 7, 2010
Now you just have to worry about them stealing from you on the production amount. They will report less than they produce and pay you for less than they report that they produced. Also; Chesapeake will pay less than the other production companies for you gas and oil. That's why it's important to get the biggest percentage that you can.
Curious

Las Cruces, NM

#31 Oct 10, 2010
Travis 3 wrote:
Now you just have to worry about them stealing from you on the production amount. They will report less than they produce and pay you for less than they report that they produced. Also; Chesapeake will pay less than the other production companies for you gas and oil. That's why it's important to get the biggest percentage that you can.
My hands were tied when it came to negotiating. There were seven great grandchildren (including me) who had to agree on the terms of the contract, since we were all heirs to the same piece of property.
Travis 3

Pasadena, TX

#32 Oct 11, 2010
I'm sure that's what Chesapeake told you. They count on our ignorance of the law and the prevaling worth of our minerals to skin us for every dime.
Curious

Las Cruces, NM

#33 Oct 11, 2010
Travis 3 wrote:
I'm sure that's what Chesapeake told you. They count on our ignorance of the law and the prevaling worth of our minerals to skin us for every dime.
I was wondering about something you posed earlier, about Chesapeake playing fast and loose with production numbers.
Since I'm totally new to this oil game, how does one check actual production against reported production----especially when I am in New Mexico and the well is in Arkansas?
I've yet to receive my first royalty check.
Justme

Henderson, TX

#34 Oct 20, 2010
Im sitting in the Haynesville shale in East Texas,
I have been leased for 3 years with Chesapeake my lease is up in 3 weeks..I contacted them and I was told the drilling is to start soon and a re~ lease should be coming soon..
I signed the first time before the Shale boom for 200 an acre any suggestions on what to ask for this go round?
I know I am definatly on the Shale map and drilling and pipelines are going up everywhere in my area!!
Travis 3

Pasadena, TX

#35 Oct 21, 2010
To: JUSTME

I saw in the Houston Chronicle a couple of weeks ago that they were paying $1500-$2000 an acre in that shale formation that runs from east of Navasota to the south east Mexican border. Some people are getting more in lease bonus than they paid for their land. The going rate for percentage is 25%. If you have a small acreage,1-10 acres, the percentage could be higher.
Travis 3

Pasadena, TX

#36 Oct 21, 2010
To: Curious,

Google up Arkansas Oil and Gas Commission. Contact them and ask were the information you want can be found on their site.
Justme

Henderson, TX

#37 Oct 21, 2010
Travis 3 wrote:
To: JUSTME
I saw in the Houston Chronicle a couple of weeks ago that they were paying $1500-$2000 an acre in that shale formation that runs from east of Navasota to the south east Mexican border. Some people are getting more in lease bonus than they paid for their land. The going rate for percentage is 25%. If you have a small acreage,1-10 acres, the percentage could be higher.
When I signed 3 years ago I recieved 200 and acre and 1/5
When the man called us he said as if he was doing us a favor and said Your lease amount will probably go up by a little ..ROFL
curious

United States

#38 Oct 21, 2010
Travis 3 wrote:
To: Curious,
Google up Arkansas Oil and Gas Commission. Contact them and ask were the information you want can be found on their site.
Thank you Travis 3, for the info. Npw at least I know where to start.
lilbigmanvnv

Los Angeles, CA

#39 Oct 31, 2010
Travis
Are you part of the class action suit on Chesapeake
in TX,if so We are looking for any information on the suit.Our wells have been in production sense Feb 2nd this year and they keep telling us that they are working on properly paying every one and that as soon as the curative problems are taken care of they will be good to go with our payments. To me curative means resolve-able and in a reasonable time period.
Excuse after excuse. We are out of state and our minerals are in W.Va. with 6 wells on the pad site.
Can we request the interest they are collecting with our money being in escrow until they pay us do you know.
Travis 3

Pasadena, TX

#40 Nov 1, 2010
No, Chesapeake sold my wells to Enervest L.L.C., that I suspect is a part of Chesapeake. I'm presently fighting with them over my payments (payments are incomplete (short)). Once you get paid by Chesapeake, you must request in writing late payment interest. Then and only then will they pay.

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