"I received my 1099 on Tuesday (1/29). The $600 threshold is for nonemployee compensation, awards, prizes, rents. For royalties (and interest from banks - on 1099-INT) is $10. The other mentioned types of income is on 1099-MISC."
"I just figured that CHK had paid me/us enough less on our gas than the other companies pay me/us that they had enough of a nest egg to purchase a larger percentage (or 100%) of my royalty. Whatever the motive, it was file 13 material."
"Layla, you have figured out CHK's ruses. They report on a different psi than all the other gas companies and Sonris as well. This makes the volumes look different when reading the stub. When they sell to their own…"
"For myself, PXP pays volume pretty spot on with SONRIS. So, how can these two companies that share the same lease report 2 different ways. I guess we just do not understand enough about this business. I have come to figure that CHK pretty much does…"
"Hey there Henry. For the most part, the difference is 2.5% to nearly 5%. One month is 18.75% less and another is right at 50%. Now, the 50% month is EnCana's fault according to CHK. In which, I have spoken to EnCana…"
Donna, acording to skip the times get there info for sundays paper from papers filed at the dnr and it takes awhile for sonris to show it, he said he was going to the dnr office tomorrow and see what they say.The deana sistrunk alt 03 is the only one showing up on sonris right now, it shows surface location in sec 16 but pbhl(proposed bottom hole location) in sec 9. Only owners in sec 9 will recieve money from those wells.Febuary 6 Shreveport times is where I saw the permits but they only show surface location not pbhl. Hopefully sonris will show the rest of the alt wells soon. Tim
Hi Donna, I saw in the Shreveport Times where the 3 alt wells for sec 9 have been permitted, also 3 alt wells in sec 16 have been permitted and accoring to sonris the wells in 16 are going in to sec 9. looks like they are fixing to drill 6 wells in sec 9 pretty soon, hope price of gas goes up before they are completed Tim
Jw is the operator and we leased to JW also. They never sent any kind of paperwork like the other companies do. We didnt receive anything giving us a chance to attend a meeting or anything. I had to find out about the drilling by driving around my area. It was a big surprise when I found out they had already drilled. Now they are drilling another well on that same pad but its in section 27 t16n r13w and mine is sec. 28 t16n r13w so they must be on the line which makes it easier for them not to have to clear another pad. I figgure they are producing and just waiting till after the new year so they wouldnt have all the paper work to send out for the ending of the year just for a check or two. Hope so anyway. I did see on Sonris where since 2002 to now, they had a lot of fines and penalties imposed for something they didnt follow the rules on.. Might be something I have to look out for. Thanks fot the info and Happy New Year
Donna, Kinsey 28 serial 241129 jw operating they finished this well back around August 2010 but there is still activity going on on that same pad. Still have a noise abating wall up. I can see tanks from the first drill hooked up and appear to be online but cant figgure whats still going on. Did the well fail or they drilling another on that same pad. JW doesnt send info of any kind out. In fact they have never sent anything like the other companies too, you know with a map and letter letting you know what and when and stuff like that. Havent heard a word, kind of like they are sneaking the gas out. Any info please
Tell me please how do you get this "mailbox money." Our well has been producing quite a while, but no "mailbox money." We said we would give them until July before we start asking questions. This little section has really become a hot spot. Hope we all do well!
Donna, the rig started moving yesterday onto the Free property. Is that yours? Our son was coming in from Houston this morning and got caught in a traffic jam on Progress Church Road - who woulda ever thunk it!! Surely hope it is in your section. If you come this way, go to Gewin Rd and come all the way to the end - thru the Stop and Do Not Enter signs. LOL!
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More