"Thanks everyone for the informative information, it is greatly appreciated. Our group will have to make sure that these issues are covered before we sign any type of lease. Good luck to everyone else as we move forward."
"MUCH MORE VALUE THAN IT APPEARS ON THE SURFACE , Yes I agree this site is very informative . It appears lately that some folks get on here to criticize others good fortune or feel cheated because of their own decisions ,This is why I have…"
I like your assessment of the tax situation, seems reasonable to me. Appears some folks just can't believe that the O&G companies are willing to look at landowner friendly leases with all their addendums, and are surprised that…"
"I think the state/county/townships will all get their cut of the royalties through the ad volem and severance taxes. Also keep in mind that some states are also considering NEW excise taxes to help raise revenues. I agree that the ideal lease for…"
"I don't think they have the authority to tax you for mineral rights on your Property taxes.. unless they rewrite ORC. This has been discussed here before somewhere.. maybe the Minimizing Taxes topic. A lease that would pay for future prop tax…"
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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 ]