Al Cramblett
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Premier Production Management, LLC

Started this discussion. Last reply by The Rooster Aug 2, 2014. 1 Reply

Is anyone familiar with Premier Production Management, LLC. This company was formed in Louisiana but is allegedly doing business in West Virginia. Any information one can provide on the company would…Continue

Congressional Plan to Remove Depletion Deduction

Started this discussion. Last reply by Bluflame Mar 16, 2014. 13 Replies

I received this notice from ROPE recently:WARNING: Congress wants your royalty income!It’s official. On February 26, U.S. Rep. Dave Camp, R-Mich., chairman of the U.S. House Committee on Ways and…Continue

Polar Vortex

Started this discussion. Last reply by Al Cramblett Feb 21, 2014. 24 Replies

 If you live in the Northeast and heat your home with natural gas, let me offer my condolences now. Those bills will be killer...Natural gas futures for February traded as high as $5.40 per Mcf…Continue

Percentage Depletion AT Risk plus 15% Tax on Royalties

Started this discussion. Last reply by Joseph-Ohio Nov 27, 2013. 14 Replies

Percentage Depletion deduction taken away! This week, U.S. Senator Max Baucus, Chairman of the U.S. Senate Committee on Finance, released a tax reform discussion draft that would repeal percentage…Continue

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Best offer received is for $1000 per acre with a 1/8 royalty
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Landowner
Which state(s) are you following?
Ohio

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Comment Wall (34 comments)

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At 10:59pm on July 17, 2012, Patsy A. Andeson said…

Our meeting Sunday eve. we thought went great. Jim McEvoy represented MarkWest. He had met with my husband and I earlier that week with the land agent Fred Hines.

Jim seemed very knowledgeable and satsified all of our questions. He wrote in things to clarify on the lease/addendum. All present agreed that if he would come back with the $15 a foot for pipeline and $25 a foot for damages, we would sign. He told me he would be on the phone with MarkWest in Denver, CO and would call me on Monday with results.

Monday about 11:00 we had a message from a Noel Glenn ( I think that is the correct name) from Mark West. She stated she was the project manager for this pipeline and wanted to meet with me. We played phone tag till Tuesday eve. I then spent an hour on the phone with her. Totally frustrating. Seems like we are almost back an square one.  She said no way could she pay $15 and $25. She wanted to know if I could set up a meeting, have everyone bring their drivers' license and be prepared to sign.

I told her she'd better bring her best offer, cause as far as I was concerned this was their last chance, and the total of $40 a foot had been our asking price from day 1. She pretty much said this would just pull the plug on the whole project if we couldn't sign.

Will see how Sunday goes. I told her I would not speak for the rest of the group, but we would not sign for less. I wanted to tell her that after Sunday the price will go up $1.00 a foot a day for all the inconvenience they are causing.

 We will probably still tell her we won't sign without the atty. looking it over again.

Patsy

At 11:28pm on April 26, 2012, Josh said…

I recieved my prize money, bank had to hold it for 5  days based on the amount.(joke).

At 7:13pm on October 15, 2011, brat said…
Al,  Apparently have 11 free acrs to lease out of a total 133 ac.  Just don't know what happened on the HCOLG apps.  I filled out the forms, sent the donation, got nowhere fast...really thought that I would be included in the Harrison group...pretty dissapointed there.  I'm in the NW Harrison cty, Monroe twn.
At 4:43pm on October 11, 2011, Paul Martinelli said…

Al,

 

Thanks for the information.

My background information is this:

 

I read up this play starting around last fall.  I feel I was caught up in all the excitment, wondered why nobody offered me a lease. I ended up signing in with ALOV.  A great lease, but as we know bonus have since gone up from the $2250.

 

Well, a blessing in disguise, CHK  kicked out my lease due to HBP issues.

 

Well...soon after signing the lease  ( in April) ,,,,Sierra Buckeye comes to town.

I find out they snathed up all my HBP leases in  deal s with local O/G  operators. So Sierra is my best fit I believe.

 

I been talking with them.....learning every day. Told them I won't sign lease for free acreage until we make a deal on free acreage and new terms on old HBP leases...a package deal.  I have 2 parcels....they almost connect....83 acres and 188. 

 

Suppose to have meeting next week with VP of Sierra ( we talked before)  to get something worked out.

 

What I find is that these guys are all the same...tell you anything, nothing documented/written....and won't give much information.

 

 

 

I realize now that I have no control over drilling dates.....so just have to live with that

 

Well..thanks..

 

-paul

At 11:46pm on October 10, 2011, Oil and Gas nightmare said…

  Their lawyer them this, I am blotting out their names k?  The .... family will have to send a letter (I would send it certified with a return receipt requested) to the Dale address on the first page of the lease.  The letter needs to state that:

 

“this letter shall serve as notice pursuant to the terms of the lease between .............. and Dale Property Services recorded at Deed Book Volume......... Page ...........  regarding limitation of forfeiture.  This lease is cancelled, terminated and forfeited  due to non payment of the paid up delay rental.  This letter shall also serve as a demand to file a release or surrender of lease. ”

  you should do the same  but I forget all of your details...this lease has a limitation of forfeiture clause which requires 60 days notice before you can bring suit against Dale.  If dale pays before the 60 days are up, the lease is in force.  If Dale doesn't, and refuses to file a surrender or release of lease then she will need to file a quiet title suit. ( I think Dale and Chspk work together, its one of those small companies like that works for CHPK)

 

Can you explain to me a little better exactly what happened.. I have like so many people that have gone through this and one

At 1:46pm on October 1, 2011, Aaron Resch said…

I have 14.125 acres in moorefield township, wish I had more but it is what it is.  This natural gas boom is amazing I never thought anything like this would happen

 

At 9:24am on September 26, 2011, Luann Hamilton said…
Thanks Al!  One of my neighbors emailed the senior landman from Chesapeake yesterday asking for the bonus to be increased, but he hasn't received a reply yet.   There are 5 of us that have adjoining land and are all in the Group B who haven't been paid.   Two of the neighbors in this Group B situation are supposed to sign with XTO today.  Not sure what to do since I only have 5 acres. 
At 8:17pm on August 1, 2011, buc booster said…
Thanks for the counsel-much appreciated, Al.
At 11:48am on August 1, 2011, buc booster said…
Will do tonight- many thanks!
At 6:32pm on July 29, 2011, Nate said…
Didn't quite understand your message Al. But we drilled 3 wells by Bowerston/Leesville. Fraced one this week, the next on Wed and Hopefully the 3rd the week after. Sierra is going to Drill a test hole outside Leesville on one of our leases and get some data and they plan to start drilling out there this fall/winter.
 
 
 

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“We Were Wrong. Methane Isn’t So Bad After All. Sorry.”

Posted by Thomas J Shepstone on January 23, 2018 at 9:12am 0 Comments

An academic study on methane goes bad. Will anyone in the press notice? Dan Markind reports and reminds environmentalists to be careful what they wish for.

Earlier today, the Journal of Geophysics…

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