Posted by JerryS on November 12, 2014 at 10:22:40 from (98.80.122.166):
In Reply to: OT Gas Lease posted by Steve@Advance on November 11, 2014 at 20:18:49:
Chesapeake was the primary initial developer of the Haynesville Shale here in northwest Louisiana. It came in early and stealthily leased up hundreds of thousands of acres before word leaked about the presence of the Haynesville. And yes, I was one of the ones taken in on those early low-fee, low-royalty leases. And yes, I still have a bad taste in my mouth about it, even though I realize it was just good business on their part. Two wells have been drilled in my section; one was a dud, and the other is produced so sporadically as to be irrelevant.
A class-action is being/has been formulated by royalty owners in this area against Chesapeake. I'm not involved, but I understand their complaint is that Chesapeake produces their natural gas and then sells it to a Chesapeake subsidiary at a below-market price. In effect, by selling the gas to itself, Chesapeake can low-ball the royalty owners. I think the group is also contending that Chesapeake is inflating the production and transmission charges that it passes on to royalty owners. I haven't heard about anyone being dunned by Chesapeake for overpayment. I think that down here that would be a real stretch, but it would dovetail with Chesapeake's reputation.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.