"Can you get a copy of the lease? Does your aunt know anything about it? If you know the company (you would know, if you are being paid) you could ask them for a copy of the lease. There is a lot of activity in that area, at least in that district,…"
"There might be a shut in royalty when the well is shut in (idea being let it start producing again later) there shall be $X paid per year until well put back in production. If this has not been paid, the terms of lease are violated. Check the…"
"1) Get an oil and gas attorney. Tyler County has important resources, and there are many things to consider besides bonus money and royalty %, even those are important as well. The terms of the lease are very important and will be with you for many…"
"The assessed value is multiplied by the tax rate to get the tax owed. In the West Virginia county where my oil and gas interests are taxed, for a property assessed at the minimum of $200, the tax, for the year, is $2.18 if paid by a certain…"
"The tax is small on nonproducing minerals. And it is a good way to prove ownership. I would hate to be in a state where the minerals revert to the surface owner after a certain time of inactivity . There are two ways of looking at it. "
Welcome to GoMarcellusShale.com. I hope 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."
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 ]