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Wednesday, February 15, 2012

Chesapeake To Recoup Post-Production Costs From Royalty Owners

Chesapeake Energy describes adjustment in royalty payments

LinkChesapeake Energy has sent a letter to its royalty owners advising them of some adjustments in their royalty payments this year following a court decision.

"As a result of these adjustments, you will see a reduction in the amount you receive for your royalty share," Chesapeake wrote.

A copy of the correspondence was obtained by The Daily Review. More...

4 comments :

Anonymous said...

"Chesapeake will no longer absorb your share of these post-production costs and your payments will be reduced by these amounts."

Anonymous said...

I thought Chesapeake was a good neighbor ? Good neighbors don`t hose mineral right owners.

Anonymous said...

THEY DO NOW

Anonymous said...

I am laughing my nads off right this minute !!! They don`t want to cause a hardship for royalty owners ! There is a guy in Tioga county who bought 2 full size Hummers with one royalty check. Yeah we wouldn`t want to cause him any hardship !