It is always good to hear a positive story and how it can inpact our lives. Money cannot buy us happiness, but it can gives us a little more time to do some things we enjoy, like time spneding with our family.
90 banking days....I got my bonus money in 86 banking days. Loved the phone call from the bank,
but they did put a 3 day hold on the money. No big deal.
My son and daughter also got their bonus money three days later. We all signed with Shell at the same time.
Hope you have a sizeable amount of acreage.
Got me a new car, a vacation planned to Cancun in June....and a lot of other extras.
And believe it or not, taxes are paid, and got money left over.
What am I going to do with the royalty checks? Will have to give some serious thought to that!!
Good luck to you and family.
Id look a bit further into this hate to say! But leases have been recorded and the land owners are still wondering where their money is at! see http://gomarcellusshale.com/group/guernseycounty/forum/topics/payme...
Drew I wish you well, I too would like to trade off the 2 old SS 16 Sears on second thought they might be a pain once in a while but both of them are far better than the John Deere that had the transaxle got out at 326 hours! I agree we see good and bad in here but I myself am not going to spend a lease payment till it is cash in my hand.
Glad to hear you have also had a positive experience with Shell. I also leased with them and have been pleased thus far. Very professional and honest with me. I was paid back in January and am greatful for the windfall which has helped me tremendously. Looking forward to royalties some day!
Good Luck to you and yours , Drew!
Windfall! What a great word and it exactly describes what all who have signed leases have been fortunate enough to be the recipients of. I imagine most property owners are like us, we owned it, paid for it (or inherited it), paid our taxes, enjoyed it or worked for whatever purpose... and then... Marcellus! or Utica! or whatever layer of rock, and suddenly we are hitting the lottery. Unexpected, unknown, and purely the luck of the draw. We are extremely happy with our sudden good fortune, and feel that Shell/SWEPI treated us fairly and honestly. But in all honesty, this is found money for us. I feel blessed, lucky, fortunate, what ever adjective you feel appropriate, but it seems so many are expecting even more, and I find that hard to understand. Maybe I'm niaive, but I don't feel that the O&G companies are out to get me, or screw me out of what I am entitled to. Yes, we were prudent and diligent and consulted a lawyer, but so should everyone else. Let's start seeing this for what it is.. we are very fortunate to own land above a very, very valuable resource (Thanks Dad!). Don't mean to step on toes, or deny that some have gotten a bad deal, but let's be honest - we've got a good thing going on. And I'm real glad we signed now, as opposed to waiting. Sorry for rambling, and don't flame me too bad if you disagree, but as I said, this was totally unexpected for us, and we feel grateful.
God bless us all, and good luck to all!
Is this LAwrence County that you recived a lease. I did not know there was activity this far south?
Lawrence County Pa. not Ohio
Windfall! When I hear that word I get chills as when Carter pushed the Windfall Profits Tax it took in some cases 60% of a land owners royalty!