Would you lease your land for gas and oil, knowing what you know now?

How much lease bonus would you want? Do you feel you could trust an attorney to draw up a lease that would protect you?

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Permalink Reply by Joseph-Ohio on September 15, 2015 at 4:55pm
Reads like good advice to my way of looking at it G. H.

Best of luck to all of us - still think we need it and always will.
0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on September 16, 2015 at 4:29pm

G.H,

      Go to alov.us and read the 18 page lease under SURE March 2012 at the bottom of the website. You have nothing close to the lease that several thousand Ohioans have signed.

Even a perfect lease won't protect you from an O&G company that refuses to follow it.

Please come back and tell us how it feels after production starts and you know you've been taken by your producer. If the laws don't change, then you can say when you get taken, not IF you get taken.

0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on September 16, 2015 at 4:24pm

J-O,

    Go to the Ohio Revised Code and read the law for Force Pooling. We discussed this last year and one individual did some additional research and saw that it was a better deal than signing with an O&G company that has no intention of following your lease, you know who that is.

You get a bonus and a larger percentage but you have to wait up to 2 years to allow the well to be paid for from my memory.

You have no laws to protect you today and the Theft By Deception and A Pattern of corruption laws won't be enforced by Ohio against an O&G company. A cattle rustler yes, big corporation, NO.

.

Permalink Reply by Joseph-Ohio on September 16, 2015 at 9:12pm
If some developer is not above fabricating paperwork (to attempt to) prove / rationalize / justify to the world that no royalty is due; then why do you think that developer wouldn't fabricate paperwork (to attempt to) prove / rationalize / justify to the world that the well hasn't paid for itself two or three times over ?

Is it because the State has laws to enforce; and if they didn't enforce them they would appear / might ultimately be deemed complicit ?

As far as I've read thus far the State doesn't monitor / audit the accuracy of anything a developer reports - why do you think they will suddenly begin ?

So, it appears to me that there's a distinct possibility that instead of ending up in court pitted against only the developer, a landowner could end up in court pitted against the developer and the State; and (to boot) they would also be armed with a forced pooling order that was submitted to the State by the developer and then approved by the State (otherwise you would not have been drilled / contesting in the 1st place).

For those reasons (I believe flawed logic) I for one, don't care for your advice Ron H.

We're still looking for a negotiated leasehold agreement on this end.

BTW, as I recall reading the rules (for forced pooling in Ohio) the developer 1st has to exhaust all attempts to contact the landowner to negotiate a lease prior to applying to the State for a forced pooling order - we're still waiting for that call from a developer ourselves.

Good luck to all of us - I think we all need it - your contributions are proof enough for me to think so.
1s7k1qp9wk1t7Permalink Reply by 1s7k1qp9wk1t7 on September 16, 2015 at 9:07am

I'd do it again in a heartbeat.....it's working out real well from my perspective so far :)

Permalink Reply by Donald on September 16, 2015 at 2:07pm

danny boy, would you care to elaborate on your perspective, may educate some of us whiners.

Permalink Reply by Frank Walker on September 16, 2015 at 9:57am

I'd be willing to lease once again, but only beneath circumstances equally as favorable as those I enjoyed a number of years ago at time I leased.  I got in, just prior to the crash, having no clue whatsoever how fortunate I was.  They had been after me to lease since 2002 or 2003, but I held out until just the right time.  Problem is, I had no idea what I was doing.  It was all luck.  And it's pretty humbling to be that fortunate.

Regarding politics of leasing and landowners paying to have their gas developed:

We need to realize we are merely a small part of a much larger wealth redistribution scheme.  The politics is against us because users of NG benefit when we are ripped off . . . and there are a great many more users of NG than in-the-shale landowners.  Why should the politicians representing the users vote to help us?  "Because it is the right and moral thing to do" went out years ago.  Today it's "take whatever you can get".  They can get our gas if they take it.  The terms and intent of the lease are meaningless.

Finally, if you believe that "wealth redistribution" thing is merely for our fellow Americans, fuggetaboutid.  Wake up!!  Today we are expected to distribute whatever wealth we might have across the planet, all but inviting foreigners into America illegally and then giving them welfare, free education, free health care, social security, all on our nickel and completely against the will of the majority of Americans!!  And when they kill us and their gangs terrorize us, we are expected to smile, say "thank you", invite more of them in, and vote to increase their freebies!  So if you think loss of a little royalty income is a big deal, you are straining at gnats and swallowing camels!!

Permalink Reply by Joseph-Ohio on September 16, 2015 at 10:14am
Seems true enough for me to buy into your philosophy Frank Walker.

They say identifying the problem is half way to correcting it.

So......how do we correct it then ?

Rubio - Jindal - Christie - Fiorina or some combination thereof in 2016 seems a gamble worthy bet to me.

Perhaps accelerating the correction by impeaching big O might help but would probably just end up as a waste of time and money.

What do you think ought to be done to fix things for those concerned about their rights of Private Ownership / abuses suffered ? ?
Permalink Reply by bo boboski on September 16, 2015 at 3:51pm

I heard of a driller wanting to drill on Utica land without a lease. drawing up an agreement with the landowner/s to do the drilling,completing, then after expenses, splitting the profits with the landowner/s.This opens up a lot of scenarios/legal issues/contract wordings/etc. but does does seem to be a better way for the owners of the minerals. If investors are involved, the would want a cut/% also. But it looks like a good way for the mineral owner/s to get 33% of the profits, not !2.5%

Permalink Reply by Harry E. Rose on September 16, 2015 at 8:58pm
Bo, makes sense to me. I made a comment along this line a couple of mo. ago on another topic.

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