Replies to This Discussion

Permalink Reply by paleface on June 20, 2011 at 5:14pm

 Shell is the only company in our area and the largest oil company in Europe so I think they are gonna be here for the long haul,the big fish are swallowing up the small ones,I wouldn't piss them off show respect and they will return that to you,unless you don"t want the money.

Permalink Reply by Lynn Wigglesworth on June 20, 2011 at 5:27pm

I always show respect to everyone. I was respectful to the 2 East landmen I dealt with, but it didn't get me any better offer ($1500/15%, 2 years ago). What I need to know is what is reasonable to ask for.

Permalink Reply by Ann Ticopa on June 20, 2011 at 5:43pm

Consider that it  wasn't necessarily the truth that the siesmic landman didn't know you aren't leased.  I was told that my property was down on East's records as having been leased.  Iirc, it was the next day that a leasing landman from Long/East came calling ... for the first time.

 

Not saying you shouldn't ask for a higher royalty, but gascos do have a history of being more generous with each other than they are with individual landowners.

 

Good luck to you!!! 

Permalink Reply by paleface on June 20, 2011 at 7:00pm

 TESTING 1,2,3-TESTING 1,2,3 IS THIS THING ON, SHELL BOUGHT EAST OVER A YEAR AGO. 

Permalink Reply by Lynn Wigglesworth on June 20, 2011 at 7:06pm

We are speaking past tense...the gentlemen I dealt with were working for East...I assume Ann's story also involved East, not Shell. There doesn't seem to be a big difference, though, in the way they deal with landowners.

Permalink Reply by Brian V. on June 20, 2011 at 9:18pm

East. Shell. Same thing. For what it's worth it's still Long Consulting doing the lease, seismic and title ground work for Shell. 

Permalink Reply by Lynn Wigglesworth on June 20, 2011 at 9:43pm

It seems to be a cozy arrangement. The men who stopped by said they were from Shell, and the paper they wanted me to sign had SWEPI LP at the top and Long Consulting Group at the bottom. I don't know if they were from Shell or Long (or if it matters).

Permalink Reply by Ann Ticopa on June 20, 2011 at 10:32pm

Bummer.  This is one time I wish a landman hadn't been telling the truth.

Permalink Reply by Ann Ticopa on June 20, 2011 at 9:31pm

"

 

Yelling" (all caps) isn't very respectful.  If you meant to restrict your advice to "show respect" to dealings with powerful multinational corporations, a more accurate description of that behavior would be "sucking up". 

 

Yes the deal between ERI and Shell was made over a year ago.  But control wasn't transferred until July 2010, at which point Shell changed the name to East Resources Management (ERM).   A lease I was offered by a Long landman in August 2010 was in the name of East Resources Management.  Don't know that it was true, but the Long landman said that Shell was contractually obligated to continue to use Long's services for two years.

Permalink Reply by Josie on June 21, 2011 at 7:37pm

A lot of the Memorandum of Lease documents coming through Landex are under SWEPT LP and not as much with East Resources Management. SWEPI LP has been the leasing arm  of Shell for perhaps 10 years and is based in Dallas Tx. I think.

 

Permalink Reply by Ann Ticopa on June 21, 2011 at 8:15pm

ERM was merged into SWEPI effective Jan. 1

Permalink Reply by paleface on June 21, 2011 at 8:23pm

 I think when Shell is done with this 3-D seismic and they design a drilling plan for the best possible area's to drill northern Tioga is gonna have some record producing wells.

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