"I will; we have already had other issues with Chevron that never remotely came up with any other company we have dealt with. Thanks much. As a result of my question and being on this forum, I have learned some interesting things already. As time…"
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Know of an attorney who specializes in mineral/gas leases?
4 Replies
Hello. I am in SW Pennsylvania. As the need for landowners to understand the jargon of their leases increases I have understood that there are more attorneys "around" that specialize in mineral/gas…Continue
Started this discussion. Last reply by Fang Jun 8, 2012.
cost deductions being removed from royalties
21 Replies
Hello. Our gas was originally leased over 15 years ago and my family received royalties from natural wells according to the amount of gas taken, never having any costs removed. Since Chevron bought…Continue
Started this discussion. Last reply by Jim Shoos Jun 7, 2012.
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CR-FayetteCounty replied to CR-FayetteCounty's discussion 'Know of an attorney who specializes in mineral/gas leases?'"Good Luck CR.
With current very low prices for Natural Gas and NGLs, I suspect that the O&G Operators are not only looking at their leases and wells - but also looking at what riches they can find by interpreting/re-interpreting leases.
On the…"
CR-FayetteCounty replied to CR-FayetteCounty's discussion 'Know of an attorney who specializes in mineral/gas leases?'"In reply to my own post; I have found a couple of attorneys; still open to suggestions, but I think I am "good"."
bungalow_steve replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"Shoos
Trial Court "The parties are, therefore, free to negotiate how that royalty shall becalculated, so long as the net result is not less than one-eighth.”
what part don't you understand?"
A discussion started by CR-FayetteCounty was featuredcost deductions being removed from royalties
Hello. Our gas was originally leased over 15 years ago and my family received royalties from natural wells according to the amount of gas taken, never having any costs removed. Since Chevron bought the rights, they have begun taking a substantial percentage of our royalties. This is from the Marcellus shale wells. I have a copy of the original lease and it gives no rights to do this. As well, we never signed another lease since then; as I understand the original lease - we have agreed to sell…See More
bungalow_steve replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"Never said they did. Just saying the ruling might apply to an old lease the original poster seems to have.
(You missed the entire point of the case, the final ruling was 1/8 royalty State Minimum MUST be met, no deductions. The landowners…"
bungalow_steve replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"There was a PA court ruling recently that allows deductions at the market sale price, they be invoking that (rightly or wrongly), some gas companies have been retroactively applying this…"
CR-FayetteCounty posted a discussionKnow of an attorney who specializes in mineral/gas leases?
Hello. I am in SW Pennsylvania. As the need for landowners to understand the jargon of their leases increases I have understood that there are more attorneys "around" that specialize in mineral/gas rights. Does anyone know where they are? Does anyone know how to find one? Would it be appropriate to ask for the name of one you have used that has been helpful?See More
CR-FayetteCounty replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"Aha! Yes; I do know this about the county names! Thanks fro the reminder. I am in PA - the one near a historical home of the LaFayettes! I will begin a discussion as you suggested."
"CR, believe it or not, there is a Fayette Couty PA and there is a Fayette County OH - and amazingly, there is a Fayette County WV.
That Fayette fellow sure got around!
It is not odd that they named all these counties after the illustrious…"
CR-FayetteCounty replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"Yes; this is what we are thinking. Contacting Chevron personally has not been fruitful. They seem to have a "fixed" set of replies. Do you - or anyone - have a thought in regards to finding an attorney qualified to handle this? The amount…"
"CW and Calla, I came across “Pennsylvania Landowner Handbook for Leasing Oil and Gas”: http://www.donaldsaxtonlaw.com/Handbook.pdf
I cannot attest to its accuracy, but it may help explain some matters.
Calla, if you go down to the bottom…"
"CR, Bungalow_Steve stated that “If it doesn't expressly say gross proceeds, they may assume net” - Chevron might have made such an assumption; but, that does not mean that they are correct in their actions.
It has been many…"
Calla replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"Does anybody have an exact definition of "field market price"? I have a lease from 1976 with that term. I'm assuming that it's somewhere in between gross and net."
bungalow_steve replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"If it doesn't say expressly say gross proceeds, they may assume net, per the definition below. Anything about wellhead in the lease?
"Net Proceeds"
The term "'net proceeds' is by definition the sum remaining from gross…"
CR-FayetteCounty replied to CR-FayetteCounty's discussion 'cost deductions being removed from royalties'"I probably could scan and post, if more information is needed to help. I am not home where my regular office is."
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