3 companys who quit paying royalties - GoMarcellusShale.com2024-03-28T12:07:01Zhttps://gomarcellusshale.com/forum/topics/3-companys-who-quit-paying-royalties-i-here?groupUrl=greene_county_marcellus&feed=yes&xn_auth=noRice has told me I have no oi…tag:gomarcellusshale.com,2017-08-16:2274639:Comment:7610342017-08-16T20:47:43.149ZGreghttps://gomarcellusshale.com/profile/Greg854
<p>Rice has told me I have no oil and gas rights even though I have received a lease bonus payment and copies of the recordings of declaration of pooled units in Greene Cty, Center Twp. This all happened through Vantage before Rice took them over. They claim my mother who I inherited the rights from was the wrong person even though I and my sister was found from her info. I am in central Ohio, my sister was in S, Carolina and is now deceased. My name is also in Pa land records as…</p>
<p>Rice has told me I have no oil and gas rights even though I have received a lease bonus payment and copies of the recordings of declaration of pooled units in Greene Cty, Center Twp. This all happened through Vantage before Rice took them over. They claim my mother who I inherited the rights from was the wrong person even though I and my sister was found from her info. I am in central Ohio, my sister was in S, Carolina and is now deceased. My name is also in Pa land records as <font size="1" face="Verdana">Grantor </font> <font size="1" face="Verdana">MEMORANDUM and grantee for one of the pools. I've been told Rice is far from honest. Any others experiencing this?<br/></font></p> Rice has stopped paying me.tag:gomarcellusshale.com,2016-02-22:2274639:Comment:7194412016-02-22T22:42:23.018ZCharles Kesslerhttps://gomarcellusshale.com/profile/CharlesKessler
<p>Rice has stopped paying me.</p>
<p>Rice has stopped paying me.</p> The same is happening to me i…tag:gomarcellusshale.com,2016-02-19:2274639:Comment:7186282016-02-19T15:37:03.024ZMrs. Bothamhttps://gomarcellusshale.com/profile/Tammy785
<p>The same is happening to me is there any resolution in sight?</p>
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<p>The same is happening to me is there any resolution in sight?</p>
<p></p> I know this is an older threa…tag:gomarcellusshale.com,2016-02-19:2274639:Comment:7183422016-02-19T14:09:59.613ZTom Mackenziehttps://gomarcellusshale.com/profile/TomMackenzie
<p>I know this is an older thread but have other individuals experienced a completed cancellation of their royalties. </p>
<p>I know this is an older thread but have other individuals experienced a completed cancellation of their royalties. </p> Joe,
Law suits work both…tag:gomarcellusshale.com,2015-10-20:2274639:Comment:7021132015-10-20T03:19:38.622Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>Joe,</p>
<p> Law suits work both ways. Try one to remedy your problem.</p>
<p>Jeff & Mark,</p>
<p> What your producer meant is that they forgot to underpay your royalties like the big company that doesn't read leases has been doing in every state they have operated in.</p>
<p>That same company always tries to save themselves by reducing royalties but have gone so low they can't take any more without it being obvious that we are paying them to take our well products. That's what…</p>
<p>Joe,</p>
<p> Law suits work both ways. Try one to remedy your problem.</p>
<p>Jeff & Mark,</p>
<p> What your producer meant is that they forgot to underpay your royalties like the big company that doesn't read leases has been doing in every state they have operated in.</p>
<p>That same company always tries to save themselves by reducing royalties but have gone so low they can't take any more without it being obvious that we are paying them to take our well products. That's what they get for taking NGLs free from day one.</p> What if I was never paid roya…tag:gomarcellusshale.com,2015-10-19:2274639:Comment:7019672015-10-19T20:01:41.614ZMrs. Bothamhttps://gomarcellusshale.com/profile/Tammy785
<p>What if I was never paid royalties but a release date was set and no checks?? Have been in contact with them and they keep sending inquiries to no avail. Any suggestions?</p>
<p>What if I was never paid royalties but a release date was set and no checks?? Have been in contact with them and they keep sending inquiries to no avail. Any suggestions?</p> don't disagree - if they know…tag:gomarcellusshale.com,2015-07-29:2274639:Comment:6896002015-07-29T22:23:48.824ZJeffrey Beunierhttps://gomarcellusshale.com/profile/JeffreyBeunier
<p>don't disagree - if they know they over paid, then they should have the analysis showing it. And regardless of their financial condition, your royalties are not their property. Best of luck, sounds like a crappy situation to have to deal with.</p>
<p>don't disagree - if they know they over paid, then they should have the analysis showing it. And regardless of their financial condition, your royalties are not their property. Best of luck, sounds like a crappy situation to have to deal with.</p> we have met with them and the…tag:gomarcellusshale.com,2015-07-29:2274639:Comment:6896952015-07-29T12:38:20.794Zmark pavinichhttps://gomarcellusshale.com/profile/markpavinich
<p>we have met with them and they said just what you mentioned that they over paid or incorrectly paid and are not recouping. Our lease has a no deduction clause and yes they are still producing. We basically have to wait a bit for them to send us the letter explaining how and why, then we will have our attorney run with it. Of course if the letter never comes we will start. And I know about the IPO and their other problems, but for them to continue to sell our gas and not pay royalties…</p>
<p>we have met with them and they said just what you mentioned that they over paid or incorrectly paid and are not recouping. Our lease has a no deduction clause and yes they are still producing. We basically have to wait a bit for them to send us the letter explaining how and why, then we will have our attorney run with it. Of course if the letter never comes we will start. And I know about the IPO and their other problems, but for them to continue to sell our gas and not pay royalties will not be accepted.</p> No we are with Rice and are j…tag:gomarcellusshale.com,2015-07-28:2274639:Comment:6896822015-07-28T18:33:44.852ZDebra Lynn Pennellhttps://gomarcellusshale.com/profile/DebraLynnPennell
No we are with Rice and are just leased fir 5 years. No drilling yet.
No we are with Rice and are just leased fir 5 years. No drilling yet. There are multiple post about…tag:gomarcellusshale.com,2015-07-28:2274639:Comment:6897452015-07-28T16:02:04.094ZJeffrey Beunierhttps://gomarcellusshale.com/profile/JeffreyBeunier
<p>There are multiple post about vantage ceasing to pay royalty checks - are the leases you have gross leases or net leases? If they are gross, then the reason that they are producing at a loss, seems like a difficult argument. Even if net, the well is drilled and producing, and it would seem that their LOE shouldn't be such that they are actually netting less than $0/mcf, furthermore, as a mineral owner (depending on your lease terms of course) - you are responsible for most of the costs…</p>
<p>There are multiple post about vantage ceasing to pay royalty checks - are the leases you have gross leases or net leases? If they are gross, then the reason that they are producing at a loss, seems like a difficult argument. Even if net, the well is drilled and producing, and it would seem that their LOE shouldn't be such that they are actually netting less than $0/mcf, furthermore, as a mineral owner (depending on your lease terms of course) - you are responsible for most of the costs associated with production, maybe just post production costs. I saw a few post where Vantage stated they miscalculated previously paid royalties and it could be a situation where they overpaid for some reason early on, and now their only option to recoup is to net current payments from the amounts thy over paid.</p>
<p></p>
<p>With that said, I believe there are multiple articles available about Vantage's difficulties of late - they pulled their IPO and have been trying to sell the firm - neither of those should impact normal course of business transactions such as paying royalties. Take a look at your leases - are they net or gross, and have you called owner relations and ask what the he__ is going on? </p>
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<p>Has anyone looked up the records to see what/if the well(s) is still producing or if they shut in?</p>