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Property in 2 units 34 Replies

Started by Mlmc3475 in General Shale Discussions. Last reply by Joseph-Ohio 5 hours ago.

One unit with two O&G companies and both have a different unit acreage 3 Replies

Started by Flowerchild in General Shale Discussions. Last reply by Dexter Green 5 hours ago.

Noble County, west of I77 Belle Valley area 2 Replies

Started by jc smith in General Shale Discussions. Last reply by jonathan M. 6 hours ago.

Mineral Sales Survey 1 Reply

Started by Keith Mauck (Site Publisher) in General Shale Discussions. Last reply by patrick 8 hours ago.

Belmont County Ohio to get Cracker ??????? 11 Replies

Started by searcherone in General Shale Discussions. Last reply by searcherone 9 hours ago.

Total investigating Chesapeake 36 Replies

Started by Jim Lawrence in General Shale Discussions. Last reply by Jeff Kerr 11 hours ago.

Sudden reduction in royalty check

Started by robert c miller in General Shale Discussions 12 hours ago.

Tax on the sale of leases 2 Replies

Started by William P.Milchak in General Shale Discussions. Last reply by William P.Milchak 15 hours ago.

lawrence co ky 7 Replies

Started by roadbuilder in General Shale Discussions. Last reply by Billy Jack Rockefeller 17 hours ago.

Wetzel county 8 Replies

Started by Lisa Marie Higginbotham Bailey in General Shale Discussions. Last reply by jason irvine yesterday.

New King Of The Hill Oil & Gas Well In Noble Co. 13 Replies

Started by Frank Long in General Shale Discussions. Last reply by G.H. yesterday.

Stalder well

Started by Cathy J Zimmerman in General Shale Discussions yesterday.

Temporary Line Wefler Well Monroe County

Started by Old School Driller Descendant in General Shale Discussions on Wednesday.

REX ENERGY Q&A 37 Replies

Started by Trapper in General Shale Discussions. Last reply by Trapper on Wednesday.

On The Lighter Side: Hangin With Chipmunk Energy ceo Uncle Bob 3 Replies

Started by Ron Hale in General Shale Discussions. Last reply by Ron Hale on Wednesday.

Beaver County Renewal 13 Replies

Started by marilyn nesbitt in General Shale Discussions. Last reply by marilyn nesbitt on Tuesday.

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More Southern Iraq Oil is Starting to Hit the Markets

For the last 10 years, the oil industry in Iraq has been under intense pressure from jihadist insurgents and many leading oil producers were force to pull out of the region because of fears of safety for their workers, and the locals that lived in the areas according to Energy in Asia.

However, things have begun to change in the South of Iraq, especially in the oil-rich fields of North Rumaila which,…

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Posted by Oil & Gas News on February 4, 2015 at 11:35am

Alternate Fracking and Wastewater Treatment Methods

 

In researching this subject, I discovered a January 16, 2011 article featured in OilOnLine which provides an interesting alternative to conventional fracking techniques.  Virginia based PDN Mountaineer, LLC announded that they have partnered with Utah based Purestream Technology in incorporating their Trilogy system to treat and purify wastewater from their Marcellus operations.  Purestream claims to be able to alleviate the environmental impact of hydraulic fracturing by…

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Posted by John H on November 17, 2014 at 3:36pm

Understanding the Basics of Ohio Geology



The Trenton Limestone:



The Trenton Limestone and accompanying Black River rocks are important in that they serve as the source for much or all hydrocarbon formation in the Appalachian basin. Generally speaking, the Trenton Limestone serves as a cap rock for the underlying Black River source rocks. Because it is not as thick here in Ohio, it has allowed hydrocarbons formed by the Black River group to migrate naturally into the Utica/Pt. Pleasant. To the East, in West Virginia…

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Posted by John H on July 22, 2014 at 1:17am

Low Ball

   Has Antero tried to low ball anyone by offering to pay royalties based on net production instead of gross production even though the contract clearly states that payment is to be made based on gross production

Posted by Todd Beem on November 20, 2014 at 11:53pm — 1 Comment

Column: Saudi Arabia and New Mexico: oil price threat

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Column: Saudi Arabia and New Mexico: oil price threa…

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Posted by Bob Perkins on November 20, 2014 at 6:32pm

Chesapeake Energy Royalty Statement Decoded

*Oil, Gas and Natural Gas Liquids are sold well below market value to Affiliate (Chesapeake Energy) then a royalty is paid. The product is then sold on open market for a fair market price. An investigation will show that all royalty paying sales by CHK are by the same route, a bogus sale. The Royalty Statement admits to this activity which fits the definition of Theft By Deception per Ohio Revised Code.



*Natural Gas is used by Chesapeake free of charge as stated on Royalty statement.… Continue

Posted by Ron Hale on November 7, 2014 at 12:12pm — 3 Comments

Events

Latest Activity

Joseph-Ohio replied to Mlmc3475's discussion 'Property in 2 units'
"I do not follow. Why doesn't Mlmc3475 or anyone but me care / write about the lease that surely must accompany and apparently prevail over the 'overlap' acres drilling / production unit I wonder ? Where are the royalty % and other…"
5 hours ago
Dexter Green replied to Flowerchild's discussion 'One unit with two O&G companies and both have a different unit acreage'
"That's your answer.  The large unit that houses all three units can be (and seems to be) broken down to three separate units.  The way that the well ownership breaks down for each owner is undoubtedly a mess."
5 hours ago
Flowerchild replied to Flowerchild's discussion 'One unit with two O&G companies and both have a different unit acreage'
"Yes it presently has 3 wells"
5 hours ago
Bob Shaw replied to Mlmc3475's discussion 'Property in 2 units'
"Joseph-Ohio I guess my initial perception was closer to yours because I am also a land owner under lease but not in production. I likely will face a similar situation having only 327 acres.  1) He has 5% of Unit 1. Other people have 95%. 2)…"
5 hours ago
jonathan M. replied to jc smith's discussion 'Noble County, west of I77 Belle Valley area'
"I think the geology has more to do with it than anything. The wells west of I-77 have been failures. Until they find a way to "crack the code" in the oil window there won't be much activity. Personally I think we're years away…"
6 hours ago
Bob Shaw replied to jc smith's discussion 'Noble County, west of I77 Belle Valley area'
"Low oil prices and lack of  market delivery pipeline capacity have slowed activity dramatically, The pipelines will come online in 2018 and oil prices are slowly rising, crossing $60 today, up from a low of around $42. That is the optimistic…"
7 hours ago
Joseph-Ohio replied to Mlmc3475's discussion 'Property in 2 units'
"Bob, I'm also just trying to understand it and I can't understand Brian's. There is truth in numbers if we work with dream numbers. The numbers presented in my last reply are real. The unknown is how the 1st two leases apparently…"
7 hours ago
Bob Shaw replied to Mlmc3475's discussion 'Property in 2 units'
"Joseph-Ohio, I don't have a position on this, I am only trying to see the logic of the facts on the table. Brian describes it, I understand his description. The end. "
7 hours ago
Joseph-Ohio replied to Mlmc3475's discussion 'Property in 2 units'
"0.00159838 is only 15.9838% of 1% Bob. A far cry from 17% of an acreage pro-rated share of production. 30.5265 acres / 604.71 total acres = .05048 x .17 = .00858 or still only 85.8% of 1% of the total unit production. 30.5265 acres / 498.61 total…"
7 hours ago
Zack Jameson posted a discussion

Meter/valve site for Rover.....what's it worth?

Rover is wanting a one acre area for a meter site on my land. What's the going rate? Seems they are going in reverse. Instead of mentioning the pipeline, they are talking meter site first. The pipeline is definitely crossing my land too.See More
8 hours ago
patrick replied to Keith Mauck (Site Publisher)'s discussion 'Mineral Sales Survey'
"Was offered 1,080,201 for 133 acres in North Township  with a 12.5% royalty. Turned it down being I had a 17.5 % lease and I simply don't know whrere I would put the money where I thought I would get a better return"
8 hours ago
searcherone replied to searcherone's discussion 'Belmont County Ohio to get Cracker ???????'
"I was unaware that PPT is a company owned by the State (country) of Thailand.   Interesting that this project will involve three companies which actually IMO make it more viable to actually be built."
9 hours ago
Bob Shaw replied to Mlmc3475's discussion 'Property in 2 units'
"Brian Werner had the easiest to understand explanation, for me. Mlmc3475 owns 30.5265 acres in 604.71 acre Unit 1,  which is 0.050581 (5.0581%) his share of Unit 1 His Royalty rate is 17% (0.17). 0.17 x 0.050581 = 0.0085818 (0.85818%) is his…"
10 hours ago
Jeff Kerr replied to Jim Lawrence's discussion 'Total investigating Chesapeake'
"We had Chesp. then Rice took it over at least Chesp. was paying us for oil and NGL Rice still say's its a dry well I just want to know why was Cheap. paying us for it and Rice is not. there all crooks they both took 30% out in deductions so as…"
11 hours ago
robert c miller posted a discussion

Sudden reduction in royalty check

My recent royalty check was a fraction of the one before.I called Gulfport to see why.I was told that the drop in oil prices was part of the reason but the main reason was due to a well just west of me started production.That well, most likely, took…See More
12 hours ago
Joseph-Ohio replied to Mlmc3475's discussion 'Property in 2 units'
"Wouldn't any lessor with an existing well / leasehold agreement have to be contacted and requested to sign into any new leasehold agreement (covering any new unit(s)) ? It still remains tough for me to understand how it could happen that any…"
12 hours ago

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