Preston Joswiak's Page

"Just to let you know that the 1099 that we recieved last year from Shell listed the bonus as "rent income" .  This made the tax that was paid a lot less.  For the 3 family members the tax rate was 8% to 22%. Taxes are paid…"

"Randall  the insurance company can not get out of a contract because you signed a lease.  They can norenew or give notice of cancelation with the correct timeline under state laws.  If the claim had nothing to do with the lease or…"

"To shed a little light on this 99% of alll homeowners polices will not cover business activities.  Personal Liability in a homeowners is not set up to cover any business including farm. Some insurance companies will add a limited endorsement…"

"Mark my only coment is to follow the money. Goverment is not wealthy and its spends what it gets which supports in one form or another the country.  The very wealthy has no reason to invest money unless they feel it  will get a good…"

"Gary  this county was founded  on the princpal of freedom, free to say what you want and do basicly what you want. I respect everyone's right to say what the want weather I agree or not.  What we  have had in this country…"

"History repeats itself.  Anytime there is a concentration of wealth among a very small group of people the rest of the population seeks a change.  Ask the Romans, Russians, French and all the great  nations of…"

"Advice is something everyone has for free, it does not say that it is right for you or your interest in the property. From someone who has already leased about 6 months ago, I would advise to get in the game now.  The oil and gas which is under…"

"Cathy   I did not see a Lawyer myself, I had copies of other leases that were done by lawyers.  I also did alot of research on the net, you can find in most area's all the lease's are on the net. Now they have none of…"

"MR JOSWIAK DID YOU SEE A LAWYER FOR THESE ADDENDUMS TO BE ADDED TO THE LEASE ? AND I THANK YOU SO MUCH FOR YOUR HELP"

"Cathy  I have my lease and the addendums are.  Hold harmless, Pugh Clause, Royalities without deductions for expense, $15,000 for well on property, Water Testing, DEP Compliance, No Foreign pipelines, No Processing Facility on property,…"

"could you tell me what your 25 addendums are?"

"Thanks for the info. I'll have to keep that in mind in the future. It would be interesting to see a list of what all actually can come out of the well. I'll have to look at the next lease that comes and see what it says. Yeah, definitely…"

"I have seen many lease's that only pay on oil or gas. How the landowner is paid is up to the drilling company's policy. My lease we have "on oil and gas, along with all hydrocarbon and non-hydrocarbon substances produced in…"

"I was talking to someone that signed a lease elsewhere the other day and they were telling me that you have to watch what the royalties are for. Apparently the lease may say that you get commission on methane, but the well is also outputting butane,…"

"The Pugh Clause was accepted by Shell. All a Pugh Clause is an out for the landowner if the the Oil Company does not include all  your acreage in the pool  and wants to hold your land without any compensation. I agree the details…"