Dott
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US District Court finds Ohio Would Follow "At the Well" Rule for Post-Production Costs

Started this discussion. Last reply by carp Oct 29, 2017. 14 Replies

U.S. District Court Finds Ohio Would Follow the “At the Well” Rule for Post-Production CostsBY …Continue

Increase in Unit Size

Started this discussion. Last reply by Barry D Jun 25, 2017. 3 Replies

O&G company wants to increase the Unit Size from 640 acres to 2,560 Acres with the ability to increase or decrease size of Units as needed. Has anyone heard of this?  I know that with laterals…Continue

Help with Amendment and Ratification of Lease

Started this discussion. Last reply by Dott Jun 26, 2017. 10 Replies

I do have an Attorney to help me but he is out of town for a week and I would like other opinions. This is a renegotiation of terms of a current lease. My Attorney has asked that the original Market…Continue

Changes Coming to Taxation of O&G Reserves in Ohio

Started this discussion. Last reply by 0ym9x5ag7ury2 Aug 24, 2016. 6 Replies

Does anyone who knows about these taxes have any positive or negative comments about this change?  I don't like the idea of the Producers collecting it from us.  More numbers to watch. Also will the…Continue

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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 (1 comment)

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At 7:56pm 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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