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Mike C.
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I am considering selling my ORRI (7.5%). Do y'all have anyone that seems good to work with?

285 acres in Bradford and Lycoming County.Continue

Started Dec 9, 2011

What is 1% of royalty per acre worth BEFORE its developed?
16 Replies

I currently have about 200 acres in Bradford that a portion is set to be drilled this year.  He wants to sell me 1%.  This would take me from 9% to 10%.  We have looked and asked all over the place…Continue

Started this discussion. Last reply by craig Jun 24, 2011.

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Latest Activity

Mike C. replied to Lance Nimmo's discussion 'Shell is backing out of leases in eastern Lawrence County'
"A contract needs three things: A writing, a signature and consideration.  Consideration = cash or a significant amount of reliance.  Good luck battling an O & G company on contract law."
Wednesday
Mike C. replied to Lance Nimmo's discussion 'Shell is backing out of leases in eastern Lawrence County'
"I have to disagree Jim.  Until the lease is paid for it is not binding."
Wednesday
Mike C. replied to Dr. Larry A. Maxwell's discussion 'What Happens When Other Company Drills Across Our Land?' in the group Bradford County, PA
"My guess is that you were traded or CHK and Talisman have formed a JV with your property."
May 25
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"Bottom line is that co x signed up to represent Tracy. She called them with no return call. That is pathetic and folks should know what they are signing up for."
May 4
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"I think you should go to one."
May 4
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"I have a solution for you Tracy. Start going to their recruiting meetings and asking why you are not getting your payment."
May 4
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"Rule of thumb for those that may not know how to read a lease, the heavier the lease the more likely it is to contain many more specifics hence generally speaking a better lease. It is quite rare to find a three page lease that is better than a 10…"
Apr 22
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"I understand how trading works. What you do not understand is that there is far less trading that goes on then people think. I would not want my future hanging on a trade. Also do you think that companies like doing all the work for a parcel just to…"
Apr 20
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"Schnoozie I agree with everything you have to say and I do pay taxes, I do own land and I do have kids, my beef is with these groups and the tactics they use. Groups make sense but they are not for everyone. I know folks that have great leases in…"
Apr 20
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"Since you are in to analogies let's try this one. A guy walks in and wants to buy 30 expensive cars.for his friends. He is pitched 30 great cars and is then told by the salesman that if he wants those 30 he also needs to buy 50 more that he has…"
Apr 20
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"So using modest numbers, 2000 acres at $3k per acre at 6% is $360k. Does that seem balanced? My point is that there are plenty of.folks that will sign up that have zero contiguous parcels due to hbp throughout a great deal of mercer county. Why…"
Apr 20
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"They had a meeting a few nights ago and told everyone that the price was $250 if they signed up in the next two weeks after that it would go up to $800. Couple that with the fact that a landownwer with 100 acres pays ten times more than someone with…"
Apr 20
Mike C. replied to Tracy's discussion 'Really disappointed about signing with M&P lawyers and Co-exprise!'
"How anyone can think paying $250 an acre for a service that should cost at most $250 per party is beyond me. I know they like to use the line strength in numbers but that really only means strength for them. Oil and gas companies want contiguous…"
Apr 20
Rachael M Rollson left a comment for Mike C.
"Thank you for any help. i'm not sure that Potter Cty has ever been that 'hot' yet, but i believe that the shares are in Keating township. Any info would be great! ~r"
Apr 11
Mike C. replied to Ron Eiselstein's discussion '"Chesapeake Says No to Trumbull Land Group"'
"When you start getting into these large groups it more times than not backfires on the group.  They many times will add acres simply to add them.  So you end up with a group that is spread out, HBP, or just simply to large for many…"
Mar 21
Mike C. replied to Vicki Mellon's discussion 'Carrizzo gas and lease'
"They actually have a great rep in OH.  Are you HBP?"
Mar 12

Profile Information

What is your role in the Marcellus?
Landowner
Why are you here?
Leasing Your Land
Which state(s) are you following?
Pennsylvania, New York

Comment Wall (6 comments)

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At 5:26pm on April 11, 2012, Rachael M Rollson said…

Thank you for any help. i'm not sure that Potter Cty has ever been that 'hot' yet, but i believe that the shares are in Keating township. Any info would be great! ~r

At 11:41am on November 3, 2010, brian martin said…
MIKE,
I do not have their phone number or contact person but the company I hear is paying is Talisman Energy. Hope some one else will jump in and give us both a contact person. Hope this will help you somehow.

Brian M
At 9:26am on November 3, 2010, Bill From PA said…
Mike,

I still have the note I took during the call, but I can't read my own writing for his last name. First name, Justin, ph 607-821-9221, he works out of Clarks Summit. He offered to bring the lease to my place in Wilkes-Barre and go over it with me but I'm having him FedEX it to me, might have it before the weekend.
Good luck,
Bill
At 8:41pm on February 24, 2010, Mike C. said…
KW Cryer 405-935-1466 Chesapeake
Mike Biviano 607-207-6133 Fortuna

Tell them Mike from Mac Properties sent you.

Good Luck!!

By the way how on earth have you not been approached by someone?
At 6:14pm on February 24, 2010, Robert Karsnak said…
Hi Mike can you provide me with those numbers for Fortuna and Chesapeak. Thank you Robert
At 2:58pm on November 23, 2009,
LandownerKeith Mauck (Site Publisher) said…
Just wanted to touch base with you. Hope things are well and that this is a site where you can dive in and begin contributing. Please be sure to check out our county groups and see if there is a county you can participate in. Have fun "shaling."

Keith
Site Publisher
 
 
 

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