Daniel J Henry
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Held by production
11 Replies

If one vertical well is drilled on the property of any given individual who belongs to a much larger unit, what happens to the following:    1. Are the royalities of the one producing well split…Continue

Started this discussion. Last reply by Drill Baby Drill Apr 18, 2012.

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Finnbear replied to Daniel J Henry's discussion 'Held by production'
"Pooling and unitization is specified by the language in each specific lease. Your lease may have very different specifications compared to your neighbor's depending on what each of you negotiated before signing. Before any question can…"
Apr 18, 2012
ljmi replied to Daniel J Henry's discussion 'Held by production'
"that is interesting the drilling unit for a permit could be different from a production unit. Can people who are in the drilling unit can be replaced by other people after the well is drilled. Wow"
Apr 17, 2012
John Yaskanich left a comment for Daniel J Henry
"JY says hey to Daniel J Henry.  I just didn't want you to be the hole in a donut with all the surrounding property owners drilling around you and technically taking you gas royalities.  So did you take a shot of southern…"
Feb 12, 2011
Daniel J Henry left a comment for John Yaskanich
"Without going into specifics, I am glad I didnt buy any Starbucks"
Feb 11, 2011
David Mohn replied to Daniel J Henry's discussion 'Bonus & royality %' in the group Jefferson County, OH
"If you check out CHK website and see what the CEO states in his letter to stockholders what their goal in the coming year is.  Their goal is to have 30 to 40% of their cash flow coming from oil.  Now I have also heard that the Utica play…"
Dec 28, 2010
John Yaskanich replied to Daniel J Henry's discussion 'Bonus & royality %' in the group Jefferson County, OH
"Dear Pleasant Hill  150 acre landowner on SSR 213 in Island Creek District.  I have 117+ acres off SSSR 213 on twn road 471 near hammondsville.  You may be priceing yourself out of the market.  Remember that stock symbol CHK on…"
Dec 22, 2010
Bert Ault replied to Daniel J Henry's discussion 'Bonus & royality %' in the group Jefferson County, OH
"Hi Chuck, My name is Bert Ault and I have an existing lease with Fortuna/Talisman that will expire in Oct 2011. DPS has approached me for renewal at 800/acre and 14%. They gave me a sample contract and it only had right-of-approval for location.…"
Dec 15, 2010
Brian O'Neill replied to Daniel J Henry's discussion 'Bonus & royality %' in the group Jefferson County, OH
"My family also owns land in this area & have had the same offer -- we believe this to be LOW. Are you aware of any "neighbors" who have had similar offers &/or signed with DPS ? There are other companies out there. Things are just…"
Dec 6, 2010
Mike Knapp replied to Daniel J Henry's discussion 'Held by production'
"Dan, 1. Yes. Based on the amount of acreage they each is contributing to the unit. If 50% of the land in the unit is yours, you get 50% of the royalty. 2. Yes, everyone in the unit is then held by production. Mike Knapp President Knapp…"
Nov 19, 2010
Peter Pagano replied to Daniel J Henry's discussion 'Held by production'
"Daniel, That can only be answered by the language of the lease. But in general, most leases I've read divide up royalties on a percentage basis of the individuals acreage to the whole units acreage. And again, most leases I've read…"
Nov 19, 2010
Daniel J Henry posted a discussion

Held by production

If one vertical well is drilled on the property of any given individual who belongs to a much larger unit, what happens to the following:    1. Are the royalities of the one producing well split amoung all the individuals within the unit ? 2. More importantly, does this mean everyone in the unit is held by production for years to come without regard to the terms set forth in the extension of the primary lease? I would appreciate any comments on this.…See More
Nov 19, 2010
5 Comments
A discussion started by Daniel J Henry was featured

Bonus & royality %

Our family has approx. 150 acres in Jeff. CO. , Island Creek Twsp. The land is located on Sr 213, Pleasant Hill area. We have been negotiating with DPS-Penn for approx 6 mos.Currently we are at $ 1000/acre - 15%. Does anyone know if this a fair price or have any info on other offers in the surrounding areas.See More
Nov 17, 2010
7 Comments
Chuck White replied to Daniel J Henry's discussion 'Bonus & royality %' in the group Jefferson County Ohio
"Daniel We settled with DPS-Penn for the $1000.00 and 15% of net revenue plus the approved addendum items listed on Jefferson County site. I'm more than a little concerned about what may happen with our President and what he is working on as…"
Nov 13, 2010
Chuck White and Daniel J Henry are now friends
Nov 13, 2010
Aaron Yeager replied to Daniel J Henry's discussion 'Bonus & royality %' in the group Jefferson County Ohio
"Daniel, I know a couple other people who have been offered 1000/acre including myself. I have 35.5. acres. I've only been offered 12.5% but I haven't really started negotiating yet. I'm just kind of playing the wall and watching…"
Nov 12, 2010
robert young replied to Daniel J Henry's discussion 'Bonus & royality %' in the group Jefferson County Ohio
"I am in columbiana county and we have been offered 2000 per and 20% but havent done nothing yet. With the utica shale there also i think the price could go up further. Chesapeake is supposed to test drill here shortly and i guess we will see what…"
Nov 11, 2010

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What is your role in the Marcellus?
Landowner
Why are you here?
Learning, Leasing Your Land
Which state(s) are you following?
Ohio
Tell us your story...
confusing-also need info on utica

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At 10:24am on February 12, 2011, John Yaskanich said…
JY says hey to Daniel J Henry.  I just didn't want you to be the hole in a donut with all the surrounding property owners drilling around you and technically taking you gas royalities.  So did you take a shot of southern comfort.  Talk at you later...
 
 
 

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