All things pertaining to the Marcellus & Utica Shale
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Patrick VanO
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- Dallas, TX
- United States
- Gas Professional
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Patrick VanO's Groups
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Landowners Xchange
80 members
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Tioga County, PA
303 members
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Greene County, PA
119 members
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Latest Activity
Patrick VanO joined Keith Mauck (Site Publisher)'s group
Landowners Xchange
Trying to organize and promote your landowner's group? Here is the place to do just that. The site has seen a surge of people wanting a place to promote their land and organize, for & non-profit, landowner groups. This will fulfill that need and keeping the forums free from business dealings. So post below and get busy Xchanging!See More
Patrick VanO replied to Lynn Wigglesworth's discussion 'Chesapeake question' in the group Tioga County, PA"My understanding is that Chesapeake conveyed most of its interest in Tioga Leases to East Resources (now a subsidiary of Shell, of course), at least as far as leases taken before 2010. That is the situation with my property in Tioga, which was…"
TillisTorme replied to Patrick VanO's discussion 'Leases in Greene County, PA' in the group Greene County, PA"Crystal, how have things worked out for you?"
TillisTorme replied to Patrick VanO's discussion 'Leases in Greene County, PA' in the group Greene County, PA"WG alum? Cool, me, too! '84. Had to ask since the WC Curtis spelled his name the same. How is your leasing situation going?"
Patrick VanO replied to Dan Bezilla's discussion 'Understanding Non-participating Mineral/ Royalty Interest'"I'm not an attorney, but deal with this kind of thing in my job from time to time. Still, take this with a grain of salt. It sounds to me like the person that made the initial reservation reserved a non-participating royalty interest. To answer…"
Patrick VanO replied to Josie's discussion 'The IRS Cometh & So Do Other Taxing Authorities' in the group Tioga County, PA"I believe it's 20%. http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States"
Patrick VanO replied to Josie's discussion 'The IRS Cometh & So Do Other Taxing Authorities' in the group Tioga County, PA"I'm not a CPA, but I am a mineral and royalty owner and use have used a CPA for years who has extensive oil and gas experience. Lease bonuses and rentals are taxed as ordinary income, so set aside 25-30% of those for taxes, depending on your…"
Patrick VanO replied to Keith Mauck (Site Publisher)'s discussion 'What is a Shale Acre Is Worth?'"It's worth noting that the article went on to say that if an operator leases for $5,000 an acre, that operator needs $5.20 gas to make a reasonable return (we're at $4.25 as I write this). That makes me think Pinkerton is exaggerating.…"
A discussion started by Patrick VanO was featuredLeases in Greene County, PA
Hello, I have an interest in property in Gray and Center Townships, PA, and have been approached to lease my interest. It's about 400 acres. I am an out-of-state owner, and was wondering if anyone on here had a feel for what the going rate in that area is?Thanks,PatrickSee More
Crystal replied to Patrick VanO's discussion 'Leases in Greene County, PA' in the group Greene County, PA"Thank you so so so much. I am back to the drawing board on the lease side and I wanted an attorney and one definetly not from Greene,I don't want an attorney to learn abut O & G leasing on my dime. I had no idea who to call."
Martha Ann Murray replied to Patrick VanO's discussion 'Leases in Greene County, PA' in the group Greene County, PA"I would love to have a recommendation. Other family members are using Dave Hook in Waynesburg. I don't mind paying for advice, but not on a percentage basis."
Profile Information
- What is your role in the Marcellus?
- Gas Professional
- Why are you here?
- Learning
- Which state(s) are you following?
- Pennsylvania, West Virginia, New York, Ohio
- Tell us your story...
- Leased property
Comment Wall (1 comment)
- At 9:43am on November 6, 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
Join a Group & Get Connected Locally
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Tioga County, PA
303 members
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Ashland County, OH
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Mahoning County, OH
85 members
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Jefferson County, PA
45 members
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Guernsey County, OH
182 members
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