"VG; thats a pretty poorly definition of abandonment. By that definition, then any of the rights to both the Marcellus and the Utica that had been reserved more than 21 years ago would be considered abandoned since they were not being utilized…"
"VG and Jim...I think your discussions are excellent and they make us think. I just get so darn mad when these politicians start stirring up the pot and these so called self-righteous people interfere where they should just be happy for someone…"
""Abandoned" historically means rights to which no rightful owner can be located. It does not mean rights where no attempt to utilize the minerals/O&G has been attempted or are sitting idle. But that needs to be defined by law.
"I think you and others that feel as you do are missing the point. Why should anyone have to give their mineral rights that they rightfully own to the surface owner after a certain period of time just because they have not leased those…"
"TO ALL, SB445 is a unneeded bill....... For example: In WV.......
If an owner of Fee Simple, [surface & sub-surface] OR surface only, OR OGM, [sub-surface] rights does not pay TAXES owed by the end of the following year then…"
"EXACTLY...HOW CAN WE OWN & PAY TAX ON THIS OIL,GAS & MINERAL RIGHT AS A LONG TERM INVESTMENT AND THEN SAY WE DON'T OWN IT AFTER 21 YEARS? [ or any other length of time ]. I DON'T BELIEVE THE STATE OR ANY ONE ELSE CAN SAY YOU…"
"" 21 years of nonuse " How is non-use defined? Is that no extraction of minerals? Or does that mean no royalties being paid? What about house gas usage? Or does that mean no leasing activity? Does selling the rights,…"
"I commented in the forum about this also. Today I received a call from Senator Yaws office about SB445.
I spoke with them for about 30 minutes and this is what the bill is all about.
The bill is to give surface or mineral rights back to the owner so…"
"Most of the mineral rights in western Pa were purchased by the coal companies. Most land owneres in western pa do not own their mineral rights because the coal companies bought these rights in the late 1800's and early 1900's…"
Noticed a comment from you about having a shallow well in Clearfield, Co. I've seen estimates of vertical and horizontal marcellus wells, but nothing on shallow wells. Properties adjacent to mine have shut in shallow wells and I may end up in a production unit with them. Do you have a sense of the initial production from a shallow well, that you'd be able to share?
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 ]