Mineral Rights for 45 Cousins - GoMarcellusShale.com2024-03-29T07:25:44Zhttps://gomarcellusshale.com/forum/topics/mineral-rights-8?commentId=2274639%3AComment%3A764336&feed=yes&xn_auth=no Hi Tusc-county man, I really…tag:gomarcellusshale.com,2017-10-28:2274639:Comment:7653942017-10-28T23:55:56.113ZBonnie Crawfordhttps://gomarcellusshale.com/profile/BonnieCrawford
<p> Hi Tusc-county man, I really appreciate your opinion, as this is all new to me and so I really don't know what to do. Especially in a case like this where I am not sure rather to get a lawyer to help me or not. I still haven't got the Division Order yet. Does it usually take a while to get it? Bonnie</p>
<p> Hi Tusc-county man, I really appreciate your opinion, as this is all new to me and so I really don't know what to do. Especially in a case like this where I am not sure rather to get a lawyer to help me or not. I still haven't got the Division Order yet. Does it usually take a while to get it? Bonnie</p> Bonnie,
I been following thi…tag:gomarcellusshale.com,2017-10-26:2274639:Comment:7654582017-10-26T14:36:37.045ZTusc-county-manhttps://gomarcellusshale.com/profile/paulmartinelli355
<p>Bonnie,</p>
<p></p>
<p>I been following this UTICA/Marcellus play for too long.....</p>
<p>And with 1.3888 acres...i would venture to say in the long run you will be better off if you just take the $ the pay you and be satisfied.</p>
<p></p>
<p>I base that on the fact that I suspect paying lawyers/Auditors....etc would cost more than the gains.</p>
<p></p>
<p></p>
<p>Sorry.....but that is my $.02 on this issue..which may not too far from what you may end up getting</p>
<p>Bonnie,</p>
<p></p>
<p>I been following this UTICA/Marcellus play for too long.....</p>
<p>And with 1.3888 acres...i would venture to say in the long run you will be better off if you just take the $ the pay you and be satisfied.</p>
<p></p>
<p>I base that on the fact that I suspect paying lawyers/Auditors....etc would cost more than the gains.</p>
<p></p>
<p></p>
<p>Sorry.....but that is my $.02 on this issue..which may not too far from what you may end up getting</p> Hi Raymond, Thank you for the…tag:gomarcellusshale.com,2017-10-26:2274639:Comment:7654552017-10-26T02:36:53.217ZBonnie Crawfordhttps://gomarcellusshale.com/profile/BonnieCrawford
<p>Hi Raymond, Thank you for the help. How do I get a Auding Co. in Ohio when I am in Utah. How do they get paid? The other 46 heirs are very greedy and I they would never help out with the interest. When we first all got letters about the mineral rights I was the only one that would find a lawyer to help us. It is a long story but the lawyer couldn't help us. But then a clause was found in the contract that stated 100 acres would always stay with the heirs. that is why we now are getting some…</p>
<p>Hi Raymond, Thank you for the help. How do I get a Auding Co. in Ohio when I am in Utah. How do they get paid? The other 46 heirs are very greedy and I they would never help out with the interest. When we first all got letters about the mineral rights I was the only one that would find a lawyer to help us. It is a long story but the lawyer couldn't help us. But then a clause was found in the contract that stated 100 acres would always stay with the heirs. that is why we now are getting some mineral money. So would a Auditing Company be willing to work with me with only 1.3888 acres that is mine? Bonnie</p> I was A Real Estate Agent in…tag:gomarcellusshale.com,2017-10-24:2274639:Comment:7654362017-10-24T00:52:33.352ZRAYMOND bAUMANhttps://gomarcellusshale.com/profile/RAYMONDbAUMAN
<p>I was A Real Estate Agent in ohio for 5 years and an Oilman for over 50. Most RE people Know nothing about Minerals, even if they sell farms. Again you must get the breakdown of the Mineral Rights you inherited. You would not believe how many times I had to chase down an Estate Attorney to get proper convenience for the minerals under one of my wells. Usually I could only get it after showing the Attorney what the Estate owned By the way I usually made an offer to buy the interest so I…</p>
<p>I was A Real Estate Agent in ohio for 5 years and an Oilman for over 50. Most RE people Know nothing about Minerals, even if they sell farms. Again you must get the breakdown of the Mineral Rights you inherited. You would not believe how many times I had to chase down an Estate Attorney to get proper convenience for the minerals under one of my wells. Usually I could only get it after showing the Attorney what the Estate owned By the way I usually made an offer to buy the interest so I may have gained too. Any money spent straightening out the interest is tax deductible and Should or could be split among the Heirs as they are probably as confused as you. The Auditing Company is a good idear ( better than a attorney) as they may think of you as a future client and good word of mouth advertizing. </p> Bonnie,
Again just because so…tag:gomarcellusshale.com,2017-10-24:2274639:Comment:7652682017-10-24T00:01:43.730ZDotthttps://gomarcellusshale.com/profile/DeborahOtt
<p>Bonnie,</p>
<p>Again just because someone has bought and sold houses does not mean that they know about Oil and Gas leases and Division Orders. I urge you to contact someone who does. You can even google it. There are companies that do this all the time including audits for Oil and Gas owners who think they are being cheated by the company. But again you own such a small amount of acreage maybe you feel it is not worth paying for it all to be verified. That of course is your decision.…</p>
<p>Bonnie,</p>
<p>Again just because someone has bought and sold houses does not mean that they know about Oil and Gas leases and Division Orders. I urge you to contact someone who does. You can even google it. There are companies that do this all the time including audits for Oil and Gas owners who think they are being cheated by the company. But again you own such a small amount of acreage maybe you feel it is not worth paying for it all to be verified. That of course is your decision. Usually after you sign a division order you get your first royalty check in about 6 months however your case is different. The well has been producing for some time and they just now found you to pay what they owe in back royalty payments so I would think you would get it within a few weeks. The person in the land office you have been working with should be able to tell you. If not don't be afraid to call Gulfport directly. Most companies have a Owner Liaison office to help you with questions. </p> I live in Utah and my attorne…tag:gomarcellusshale.com,2017-10-23:2274639:Comment:7650512017-10-23T07:15:40.964ZBonnie Crawfordhttps://gomarcellusshale.com/profile/BonnieCrawford
<p>I live in Utah and my attorney said he doesn't know anything about oil and gas. But I do have a niece and her husband that do sell land and houses. I am sure they will look over my Division Order and lease. Then I do have a good financial advisor too, and he has bought land and such. How long after you signed your Division Order did they send you money? Thanks for your help. Bonnie</p>
<p>I live in Utah and my attorney said he doesn't know anything about oil and gas. But I do have a niece and her husband that do sell land and houses. I am sure they will look over my Division Order and lease. Then I do have a good financial advisor too, and he has bought land and such. How long after you signed your Division Order did they send you money? Thanks for your help. Bonnie</p> Bonnie,
I find it very odd th…tag:gomarcellusshale.com,2017-10-21:2274639:Comment:7650462017-10-21T01:58:39.443ZDotthttps://gomarcellusshale.com/profile/DeborahOtt
<p>Bonnie,</p>
<p>I find it very odd that your O&G attorney says that he cannot help you since you have signed with Gulfport unless he has a conflict of interest and has done some work for them. My opinion is that not all financial advisors are knowledgeable about Oil and Gas stuff. Be sure that he is before you go to see him and then have to pay him. Does he know how to read Oil and Gas leases and can he interpret and confirm that what is in your Division Order coincides with your lease? …</p>
<p>Bonnie,</p>
<p>I find it very odd that your O&G attorney says that he cannot help you since you have signed with Gulfport unless he has a conflict of interest and has done some work for them. My opinion is that not all financial advisors are knowledgeable about Oil and Gas stuff. Be sure that he is before you go to see him and then have to pay him. Does he know how to read Oil and Gas leases and can he interpret and confirm that what is in your Division Order coincides with your lease? If not get another lawyer or Certified Public Account that works with Oil and Gas and be prepared to pay for a few hours of their time. It should not take them too long if you explain that you only need for them to confirm your Division order with your lease. You can tell them that you no longer have an Oil and Gas attorney who is willing to work with you. You could be a potential future client for this Lawyer you never know.</p> Raymond, Thank you for your…tag:gomarcellusshale.com,2017-10-21:2274639:Comment:7648632017-10-21T01:35:17.592ZBonnie Crawfordhttps://gomarcellusshale.com/profile/BonnieCrawford
<p>Raymond, Thank you for your reply. It really helps me with know what to do next. I haven't received the Division Order yet. But I have signed papers with Gulfport. The Attorney that was helping me at the beginning is a oil and gas lawyer. But he said because I already signed papers with Gulfport he can't help me with the Division Orders. But I do have a good financial advisor that i am going to have help me. I will show him the Division Order ( when it comes) and the contract I signed with…</p>
<p>Raymond, Thank you for your reply. It really helps me with know what to do next. I haven't received the Division Order yet. But I have signed papers with Gulfport. The Attorney that was helping me at the beginning is a oil and gas lawyer. But he said because I already signed papers with Gulfport he can't help me with the Division Orders. But I do have a good financial advisor that i am going to have help me. I will show him the Division Order ( when it comes) and the contract I signed with Gulfport and I hope he can advice me if he feels it is alright to sign the Division Order. What do you think? Bonnie</p> Bonnie on thing even though y…tag:gomarcellusshale.com,2017-10-18:2274639:Comment:7649222017-10-18T13:29:11.306ZRAYMOND bAUMANhttps://gomarcellusshale.com/profile/RAYMONDbAUMAN
<p>Bonnie on thing even though you signed the division order that does not mean it cannot be corrected or revised. The division order can be revised but it will not be retroactive if payments have been made. You would then have to collect the payment from the other mineral holders. YOU SHOULD CHECK THE DIVISION ORDER AND THE INHERITANCE PAPERS. The Attorney who handled the estate could also be helpful in this even if he is not well versed in oil & gas Law.</p>
<p>Bonnie on thing even though you signed the division order that does not mean it cannot be corrected or revised. The division order can be revised but it will not be retroactive if payments have been made. You would then have to collect the payment from the other mineral holders. YOU SHOULD CHECK THE DIVISION ORDER AND THE INHERITANCE PAPERS. The Attorney who handled the estate could also be helpful in this even if he is not well versed in oil & gas Law.</p> Dott, thank you for the reply…tag:gomarcellusshale.com,2017-10-18:2274639:Comment:7650312017-10-18T05:53:18.909ZBonnie Crawfordhttps://gomarcellusshale.com/profile/BonnieCrawford
<p>Dott, thank you for the reply. I got a email back today. from the land Corporation in response to my email. they It said when I receive and return some papers that Gulfport is sending me, Gulfport will release the total of escrowed royalty from date of the first production. She said also that if the royalty is greater than $50.00 I will be paid in monthly payments. But i imagine the amount will be at least greater than $50.00. And like you said what ever amount I get is more than I had.…</p>
<p>Dott, thank you for the reply. I got a email back today. from the land Corporation in response to my email. they It said when I receive and return some papers that Gulfport is sending me, Gulfport will release the total of escrowed royalty from date of the first production. She said also that if the royalty is greater than $50.00 I will be paid in monthly payments. But i imagine the amount will be at least greater than $50.00. And like you said what ever amount I get is more than I had. Bonnie</p>