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 - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[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.
