"Mike, there is NOTHING a marketing company can do to create gas or oil underground, so there is NOTHING a marketing company can do to make anyone's land more or less attractive. Only the geologist can decide if an area is worth the play.
"You are being greedy because you are jumping to a price that you have no justification asking for. Just because you want it, doesn't mean you deserve it. Since you have no clue what you are talking about, your price is based on pure greed.…"
"Royalties are spread out since you only earn them monthly and owe tax on them annually. There is no way possible to believe that a royalty income thatmight be earned over 2-3 decades could be "spread". If you meant "bonus", you…"
"Leasing is bonus of $1,500.00 an acre from Chevron with 15%. Selling could be three times the bonus, but you lose your royalties basically forever. Do not sell any rights, only parasite companies will buy them."
"There has pnly been ONE bank that has ever claimed they will not write mortgages due to a lease on the land. That is in Ithaca, NY, (communist headquarters for the northeast). The banking department reigned in their political activism."
"If you and they agreed to a No Surface Use Contract then they may have paid you less per acre. What was the difference offered? How many acres is your total parcel? Ask for the dfference back to you and add an addendum for $2,000 per…"
"Typical of most lawyers and professors in Pennsylvania; he is incorrect. There is no gray area involving fracking from horizontal bores. Rule of Capture is the law of the land and he should have already known this. An unleased parcel can not be…"
"Again, you are trying to manufacture a number that will never exist. $300 to $1500 is actual checks received by real landowners. If $300 is from one well bore, then those checks should increase if more bores are drilled. If the $1500 is from a well…"
"You gained nothing from "withholding" anything below the Onondaga Horizon. The facts are the gas companies will be paying royalties at the level your contract states and it would stay that way regardless of the formation drilled. The Utica…"
"Minerals are minerals, and not gas or liquids. Pennsylvania Law states that Oil; Gas; and Minerals are completely different and must be stated individually in a deed if separated. I have read deeds from the 1940's where the surface owners…"
"A pipeline is restricted to removing gas from a well head in a unit that you are part of. Unless you signed awhole separate agreement which would be very very rare to even have it offered from a gas company. If you signed for $1950, then …"
"This is per acre included in a declared and performing well. There is NO Such other measure regardless of the "diner" talk below. Regardless of how many wells bores are used in any unit, the landowners share is the total of the gas at the…"
"And again the LO's do NOT control the prices being offered. ONLY when other companies compete for the same acreage does the bonus offers rise. There has never ever been a LO or coalition that has created their own bonus offer just because they…"
"Who I work for has nothing to do with how wrong you are. You are incorrect all by yourself. Chesapeake is Notorious for NOT leading any drilling play, but instead waits until the wildcatters drill then CHK "sucks the science" and then…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]