Dott's Discussions
How Is Severance & Ad Valorem Taxes Collected & Paid on Production/Royalties in Ohio?
Started this discussion. Last reply by Pole Cat Jul 25, 2023. 2 Replies 0 Likes
For those of you receiving Royalties on Oil & Gas Production in Ohio do the Producers deduct the taxes from your Royalties and pay Ohio the Severance Tax and Your Local Township the Ad Valorem on…Continue
Is anyone seeing leasing activity in Southeastern Tuscarawas?
Started this discussion. Last reply by David Cain Jun 8, 2022. 17 Replies 2 Likes
Has anyone approached you to lease your oil and gas rights in Southeastern Tuscarawas?If you would rather Friend me please do so .ThanksContinue
Inquiring About Ironhead Resources
Started this discussion. Last reply by Dott Oct 14, 2021. 2 Replies 0 Likes
Does anyone know about or have signed a lease with Ironhead Resources ?Continue
WHAT ARE LEASES GOING FOR THESE DAYS?
Started this discussion. Last reply by Frank J Moll Sep 29, 2021. 4 Replies 0 Likes
What is the signing bonus and royalty percentage (without deduction) in leases being signed now a days?I have kept up with what has been going on with Oil and Gas in General, anyone is lucky to get…Continue
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Dott replied to jeannie's discussion 'Anyone in Osnaburg Township / Stark County getting interest again?'"I am not familiar with any of these companies but have my own experience to share when Producers were interested in leasing my acres. Example: Company A and Company B find out that a Producer is interested in an area to drill. Company A…"
Dott replied to guy lometti's discussion 'EQT Lease renewal after 10 years in Greene County, PA'"I would spend the money for an Oil & Gas Attorney to check all the language. 10 years ago the leases usually allowed deductions rather than Gross which is the Standard these days. Also the language 10 years ago lead you to believe that they…"
Dott replied to farmgas's discussion 'Surging Natural Gas Prices'"farmgas, please explain. You wrote "Chesapeake Energy will continue drilling wells and keep them in their inventory for TIL."
What does TIL stand for? Also do you mean they will drill wells and cap them and not allow them to produce until…"
Dott replied to Linda Wrege's discussion 'Noble County'"I have not heard of them. They could be a flipper. All I know is way before EAP leased me I started getting letters and phone calls from companies trying to lease me or buy my mineral rights. Many low ball prices. It's like everyone knew…"
Dott replied to Laura's discussion 'Oil and gas leases in Harrison co oh'"Laura, I accepted your Friends Request and sent you a private message. Did you get it?"
Dott replied to Laura's discussion 'Oil and gas leases in Harrison co oh'"So now I understand you want to make sure Frio is a legit company to lease with. Hopefully someone on this Forum has dealt with them and can give you info. But either way I hope you are having an attorney review any lease you sign because as you may…"
Dott replied to Laura's discussion 'Oil and gas leases in Harrison co oh'"Laura, We are with EAP which has a unit that has acreage in both Tuscarawas and Harrison. It is the Sproul Unit. Did EAP offer you a lease before pooling? If they did and you did not sign then it goes to Unitization Court to get approved and you…"
Dott replied to Laura's discussion 'Oil and gas leases in Harrison co oh'"Laura, which O & G company pooled you? Is it Frio? Did they give you a chance to negotiate a lease? I have not heard of them however my research shows that they have been drilling wells in Texas so I don't think they are a flipper. Maybe…"
Dott replied to doug baker's discussion 'Need a gas/oil attorney for Harrison County Lease problem'"I used KWGD for deeds on my inherited Parcels in 2014. I expected them to research exactly what I now owned because they did have to look back in history of who owned what. Well they left out a Parcel and it was not discovered until 2017 and had to…"
Dott replied to doug baker's discussion 'Need a gas/oil attorney for Harrison County Lease problem'"Yes, I am one who has used Attorney Cody Smith from Emens, Wolper,Jacobs & Jasin. Very pleased with their work .Easy to make contact and to talk with. Free 30 minute phone consult. I feel they are more reasonably priced than…"
Dott replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'"The Operators used language in the leases 10 years ago to pull one over on us and they are trying to do it again but with different language. If you don't sign a lease you may eventually be "Pooled" into a Unit at a Unitization…"
Dott replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'"Adam, "Gross at the Well Head " should not be used in new leases even if you think you are getting no deductions. Courts have ruled on this in favor of the Producers to be able to deduct due to the language. I have an article here that may…"
Dott replied to adam sorell's discussion 'my 10 year lease expired with Ascent Landman called'"From what I can tell bonuses are not near 6800 anymore however if you have this opportunity you may want to get your lease reviewed by an Oil and Gas Attorney unless you did this with the lease when you first signed it. Many leases from the past had…"
Dott replied to Walt's discussion 'Guernsey County'"Remember the most important thing is that you want to get leased. The Bonus money is not the most important but a good GROSS royalty because that will benefit you for years to come. And at a minimum pay a lawyer to look at the lease for any red…"
Profile Information
- What is your role?
- Landowner
- Which state(s) are you following?
- Pennsylvania, Ohio
- What shale plays do you follow?
- Marcellus, Utica
Comment Wall (2 comments)
- At 1:46pm on March 7, 2022, pinehill said…
Not sure how to contact private. But I did find your friend request.
- At 1:56pm on December 7, 2017, David Allen Lilly said…
Hello Dott,
I don't recall off hand who you leased with or where your property is. Our well went on line in March of 2016, at that time oil was really low and our first royalty check was $750 an acre per month.
Our last check has an error which I haven't addressed yet but the previous check was for 3 months at over $9000 for 12.5 acres.
I wouldn't put any stock into people trying to tell you that they can calculate your future royalties, they cannot, there are just far too many unknowns and far too many unpredictable parts of the equation.
Go Marcellus is a fine site but there is far more effort to convince people to sell their royalties than I am comfortable with.
As far as your royalties go for the most part you will have to trust the producers, they are probably going to be less than totally fair with you but it is very difficult to prove they are fraudulently shorting you.
I will be happy to try to answer any questions you have if I can, I wont pretend to know things I dont know about.
Hope some of this helps,
David
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