Royalty Payments

Larry G Smith P.E. · 2012-01-08T18:40:27Z

We finally got our first check for royalty payment. I do have a problem with the amount that was paid. I have sent a letter to Chesapeake asking them to explain 4 points that I listed. They did not pay for the amount of gas that was reported to SONRIS, one month was over 58,000 MCF less than reported. Another point was the price for Wellhead Gas paid was less than the market value. In all the check sent out was about $3,000+ less than it should have been. Working in the oil fields now for over 50 years, still working, I find this very upsetting. I requested a reply from Chesapeake before Christmas. If they do not respond very soon, I will ask the Louisiana State Attorney General's office to look into this matter. Have any of you done any checking on your payments to verify that what they paid is the correct amount? Please let me hear from you regarding this matter.

Shales Haynesville Shale

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