Gas Prices

Attached is the latest on prices received by landowners in the Haynesville Shale.  It's been a while since I posted, and I will continue to collect data and try to update the survey every 3 - 6 months.  Thanks to all of you who submit pricing information to me.

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Permalink Reply by r.w. on January 19, 2012 at 11:48am
Mike,
Are you leased? If you are not leased you have to wait until the well pays off. It's been my experience that until you have a customer number, a letter from an attorney is about the only thing that warrants a response.
Permalink Reply by smith1 on January 31, 2012 at 12:32pm

Can we just email you our stub from petrohawk directly?

Permalink Reply by John Smith on May 3, 2012 at 8:29am
Henry... Can you update this please.... More specifically CHK for Feb 2012.... I think their accounting is way off for this month.

Thanks
Permalink Reply by Bailey on May 3, 2012 at 9:17am

Has anyone else received the feb check from chk?

$1.27  Really?  Is this a mistake?

Permalink Reply by John Smith on May 3, 2012 at 9:27am
This $1.27 can't be accurate... Everyone needs to send CHK a certified letter putting them on notice... Actually, a class action suit sounds more realistic... I got $1.27 as well this is not accurate I have been monitoring this for 3 years and comparing it to other companies and CHK has gone overboard on this one..... Anyone else getting the same?
Permalink Reply by Henry on May 3, 2012 at 6:55pm

John Smith,

Yes, $1.27 sounds low.  I looked at the one CHK check of a relative, and it paid $2.19 for Feb.  (This was not in the Haynesville Shale -- but I doubt that makes this big of a difference.)

Yep, I think Katie could help with this one.....?

Permalink Reply by John Smith on May 3, 2012 at 9:58am
Maybe Katie McCullin can give us some answers on this $1.27 price for February 2012
Permalink Reply by lethalinjection on May 3, 2012 at 11:02am

I got the same thing.

Permalink Reply by ken hatcher on May 3, 2012 at 12:04pm

Things are starting to come unglued in Oklahoma City!

Permalink Reply by El Theo on May 3, 2012 at 12:52pm

I'd bet a dollar to a donut that isn't the price McClendon gets paid on his 2 1/2 percent that gets sold.

Permalink Reply by Krkyoldhag on May 3, 2012 at 3:30pm

Reputation is big part of your success or failure.

A neighbor just dropped by (her son works in oil field related job  but she clueless)  in conversation about someone who works on rigs she stated she had heard that Cheasapeak might fold.  I told her  no they have billions in assets..just that there some pressure on stocks and some internal stuff going on.

But the thing is here is someone who simply not involved and she thinks from talk that they going down. 

So gossip only? Yes.. But if management doesn't do some things fast to curtail the talk and speculation (I don't mean on this site..I mean out in the households who have members doing the real grunt work on rigs) then it will spiral down.

Kind of like Spirit Airlines.  yes they have no refund policy and the ticket was only $181 they didn't refund to the vet...but that failure to figure a PR way out of the bad publicity will tank their bottom line.  Over $181.  Happens.

Its all in the way you deal.  My husband had heart attack at boarding gate of Continental Airlines on return from a trip.  We held the cheapest tickets, no changes, all the rules.  But here is how the airline handled it:  A rep called me several times while I was at hospital with him checking on his condidtion.  They said that when he could travel we could use our tickets.  They put us in First Class and contacted us to check on his condition after we returned to Dallas.  I never expected anything like that and from then on as long as they operated we were loyal to Continental. 

If I ran Spirit I would have a slush fund for situations like this guy presented.

Remember when Mrs. Helmsley told her employee that only the little people pay taxes?  Opps.  Jail time followed.

So first thing is damage control for Cheasapeak.  I have no idea what their corporate situation is.  But I do know how to deal with problems and people while I am in business.

And the area owes them big time...that's a fact.

Permalink Reply by Henry on May 3, 2012 at 6:53pm

Krkyoldhag,

You said, "no they have billions in assets."  While that is true, don't forget they also have billions in debt that is getting harder and harder to service. 

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