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Chesapeake Rigs

  • 178 Replies
  • 2337 Views
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macal

  • 10813
Re: Chesapeake Rigs
« Reply #165 on: January 20, 2020, 08:00:38 AM »

  Deductions vary month to month. Most likely vary with volumes on the individual gathering system. So WJ what is the most they have deducted for post production? I have seen as much as $1.80.

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aubrey

  • 15104
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Re: Chesapeake Rigs
« Reply #166 on: January 20, 2020, 09:47:16 AM »
highest deductions I've seen was 79 cents by Anadarko. chk is usually a little lower with a better price.

out of the 4 companies, I get the biggest check from chk, with equinor being the worst due to low pricing.

what's the lowest deductions you've seen from chk? and how do they compare to the others?

wj
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macal

  • 10813
Re: Chesapeake Rigs
« Reply #167 on: January 22, 2020, 02:29:13 PM »
  $1.09 in deductions on $1.65 price.
  No wonder CHK is in the shape they are in. Cut their own throats with those postproduction deals.

   Cabot and SWN are around
   50 cents.
« Last Edit: January 22, 2020, 02:36:29 PM by macal »

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JT

  • 238
Re: Chesapeake Rigs
« Reply #168 on: January 23, 2020, 01:29:16 PM »
EQR has recently changed their statement to reflect post production deductions taken at the well head (deducted from the sales price not after). I've long suspected this was the case due the consistently low sales price reflected on the statement. Now with documentation in hand I intend to raise the issue more aggressively with them to seek  a remedy based on FVG lease language.

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aubrey

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Re: Chesapeake Rigs
« Reply #169 on: January 23, 2020, 02:44:24 PM »
indirect deductions. I suspect they all do it, and it's definitely in violation of the fvgl terms.

by eqr you mean equinor?

get on em, they owe you some moneys.

wj
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Re: Chesapeake Rigs
« Reply #170 on: January 23, 2020, 09:00:18 PM »
Is there any chance a Chesapeake Bankruptcy would affect royalty payments? 

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aubrey

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Re: Chesapeake Rigs
« Reply #171 on: January 28, 2020, 10:11:41 AM »
Is there any chance a Chesapeake Bankruptcy would affect royalty payments?

it's chk, so there's always a chance, but in recent bankruptcies in our area no payments were missed.

wj
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Re: Chesapeake Rigs
« Reply #172 on: January 28, 2020, 04:47:03 PM »
New 52 week low today.  Delisting is getting closer.

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macal

  • 10813
Re: Chesapeake Rigs
« Reply #173 on: January 28, 2020, 07:16:13 PM »

  I read where CHK needs nat gas at
   $ 2.75 to turn a profit. Who knows ?

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riverrat

  • 2106
Re: Chesapeake Rigs
« Reply #174 on: January 28, 2020, 08:01:35 PM »
I read were they can come in even at $1.90

Re: Chesapeake Rigs
« Reply #175 on: January 28, 2020, 08:23:23 PM »
I read where they've been going belly-up for the last ten years.  And yet they continue.

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ghrit

  • 4019
  • Member since October 05, 2008
Re: Chesapeake Rigs
« Reply #176 on: January 28, 2020, 09:58:56 PM »
Is there any chance a Chesapeake Bankruptcy would affect royalty payments?

it's chk, so there's always a chance, but in recent bankruptcies in our area no payments were missed.

wj
Under a normal bankruptcy process, the receiver cannot abandon contracts signed before bankruptcy occurred.  Makes no difference which legal form is used, someone is going to pay royalties for the gas that comes out of the ground,  The judge will OK the negotiated agreement or dictate the terms if no agreement comes from the conferences.  In the event of abandonment, the lease would go into default and the contractual requirements would apply.  That would be really tricky with multiple lease holders on the same wells.  Sure hope I'm pushing up grass before that happens.
There are two kinds of ships.  Submarines and targets.
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Re: Chesapeake Rigs
« Reply #177 on: January 29, 2020, 06:37:48 AM »
I read where they've been going belly-up for the last ten years.  And yet they continue.

It appears they have no choice but continue.  If they curtail operations they can't pay the debt.  If they continue drilling they risk not being able to pay the debt at current market prices. 

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aubrey

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Re: Chesapeake Rigs
« Reply #178 on: January 29, 2020, 11:19:16 AM »
New 52 week low today.  Delisting is getting closer.

they'll do a reverse split to avoid delisting. of course that destroys investor confidence and almost guarantees their demise unless good news comes quickly.

there's gonna be a few companies going under in the next coupla years, who picks up the pieces is the question. I'd rather not get royalties from exxon or chevron, but shell is looking ok since they pay a higher price on their royalties.

wj
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