Mike h
  • Strongsville/Carrollton Ohio
  • United States
  • Landowner
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Minimizing tax consequences...
151 Replies

I think there was a general discussion a while back but I can't seem to find it, so.... For those folks getting significant signing bonuses, how have you dealt with the tax consequences of being…Continue

Started this discussion. Last reply by Nelson Roe Feb 29, 2012.

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Latest Activity

Mike h replied to Ron Eiselstein's discussion '"Halcon"'
"There are "good" landowner groups and there are "bad" landowner groups (for some notion of good and bad I mean protecting and looking out for the interests of the landowner group members or not). A good landowner group is not…"
Sep 13, 2012
Mike h replied to Frank Nesmith's discussion 'Chesapeake renegotiates leases'
"I was going to not post anymore but I can't resist after seeing Billy Bobs and others posts. Imagine my surprise when I got home from work, opened my mailbox and looked at this weeks issue of Farm and Dairy (Covers Ohio and parts of PA and WV)…"
Jul 19, 2012
Mike h replied to Frank Nesmith's discussion 'Chesapeake renegotiates leases'
"No way of replying to your post above so I'll put it here. You are obviously a "company man" as you indicate with "oil and gas pro" on your avatar. I wouldn't expect you to do anything but regurgitate the company line…"
Jul 19, 2012
Mike h replied to Frank Nesmith's discussion 'Chesapeake renegotiates leases'
"Your assertion is that a pilot has some sort of god like powers that superceed anything else. Simply not true. I made a deal with Rex and I would be perfectly happy being a partner with them. There are other O&G companies that I respect and…"
Jul 19, 2012
Mike h replied to Frank Nesmith's discussion 'Chesapeake renegotiates leases'
"The analogy fails quite early. I've never seen a drilling derrick fall from the sky and crash. There is not the immediacy of consequences as there is in air flight. Ownership of the plane is absolutely relevant - a pilot who steps into a plane…"
Jul 19, 2012
Mike h replied to Frank Nesmith's discussion 'Chesapeake renegotiates leases'
"I have to call cowpucky on what Ken and Jim are saying. First off, other companies such as Rex are doing quite nicely with 640 acre units. Secondly, a company can do seperate units off the same well pad with multiple bores. A little extra work and…"
Jul 19, 2012
Mike h replied to Frank Nesmith's discussion 'Chesapeake renegotiates leases'
"Ken, CHK representatives hav been approaching my neighbors who have leases specifying 640 acre units (max) and asking that they agree to 1280 acre units. It is not simply a question of upsizing the old Clinton formation leases from 40 acres. I…"
Jul 19, 2012
Mike h replied to hopeforoil's discussion 'Approached to sell royalties'
"Leroy Van Horn, Carroll County Auditor, spoke at a Carroll Concerned Citizens meeting a few months ago and indicated that severed mineral rights were changing hands at roughly $8,000 per acre."
Jun 29, 2012
Mike h replied to Dan's discussion 'Wealth Redistribution- Kasich Signs Drilling Rules'
"Fang, I'll probably end up voting Libertarian. I agree that the best thing would be if Kasich gets smacked down by the legistlature but I don't know that will happen. More likely there will be some kind of deal to ensure money flows to pet…"
Jun 13, 2012
Mike h replied to Dan's discussion 'Wealth Redistribution- Kasich Signs Drilling Rules'
"Kasich is the one who came up with it, why wouldn't anyone wish to hang it on his neck? I'm a lifelong Goldwater Republican. I don't care for Obama but then again, he isn't running for Governor now is he?    "
Jun 12, 2012
Mike h replied to Dan's discussion 'Wealth Redistribution- Kasich Signs Drilling Rules'
"I'm agnostic whether it is an upfront fee or a percentage."
Jun 12, 2012
Mike h replied to Dan's discussion 'Wealth Redistribution- Kasich Signs Drilling Rules'
"I won't be voting for him. If the severence tax (how much iut should be is an open question in my mind) were going to the county where the drilling is happening I might better understand and appreciate it. I know Carroll County is getting…"
Jun 12, 2012
Mike h replied to Geraldine Smith's discussion 'Royalty Question'
"Don't rush to sign the lease. I would recommend the following steps:   1) See if there is a landowners group in your area. You will generally be able to to get a better lease by participating in a group - assuming the group has good…"
Jun 12, 2012
Mike h replied to ram936's discussion 'Rex Energy canceling lease agreements'
"Here's my thinking on it. Their stated program in Carroll county only includes 2 wells that are close to each other. They just completed the first one (Brace), will frack it in June and then will wait 60 days before flowback because apparently…"
May 31, 2012
Mike h replied to Tonya Rosie's discussion 'Rex Energy' in the group Carroll County OH
"If they are fracking Brace in June and waiting 60 days for flowback (check the rex website) then I would expect the earliest we would see the rig back for the Graham well is sometime in August or early September."
May 30, 2012
Mike h replied to Tonya Rosie's discussion 'Rex Energy' in the group Carroll County OH
"LS, If you provide facts to support your assertions I'll gladly change my opinions. I don't have all the answers but I have taken the time to read annual reports and SEC filings from both REXX and CHK. I attended the REXX annual…"
May 30, 2012

Profile Information

What is your role in the Marcellus?
Landowner
Why are you here?
Learning, Leasing Your Land, Protecting the Environment, Finding Land to Lease, Business Opportunities
Which state(s) are you following?
Ohio
Tell us your story...
Laughable

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