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Royalty Language
60 Replies

Hello:This is my royalty addendum language. Does it sound okay? What does market enhance gas clause mean? Lessor’s Royalty: For all Oil and Gas Substances that are physically produced from the Leased…Continue

Tags: Language, Royalty, Ohio, County, Washington

Started this discussion. Last reply by dan gladyszewski Aug 6, 2012.

Triad Hunter in Aurelius Twp, Washington Cty, OH
2 Replies

Has anybody received or accepted offers from Triad in Aurelius Twp?For what amount/%? Offer and accept amount?Is it really true they NEED 640 acres? can a tiny landowner keep everybody from getting…Continue

Tags: HUNTER, TRIAD, OHIO, County, Washington

Started this discussion. Last reply by greg Jul 22, 2012.

Washington County Lease
4 Replies

Hello,I have about 8 acres in Washington County and my plot is about 3 miles from Noble County. I've heard Noble county is paying $3k to $5k per acre w/ the average around $3,400 per acre and 18%…Continue

Tags: Noble, County, Washington

Started this discussion. Last reply by Steve Wagner Jul 1, 2012.

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Latest Activity

greg left a comment for Marcus Grayson
"Great advice. Thank you. My atty didn't even recommend this."
Aug 7, 2012
dan gladyszewski replied to greg's discussion 'Royalty Language'
"  This has become a very heated subject, as can be expected. Reps or agents of individual companies have their side and, of course, landowners- their own. I like to hear both sides of any story. I enjoy a good debate. It would be best if…"
Aug 6, 2012
Marcus Grayson left a comment for greg
"Greg, I'm not an attorney and I don't want to give you any legal advise.  But in the interest of helping you out I'll say this: you don't really need a Pugh clause, you need two separate leases.  One for the four acre…"
Aug 6, 2012
Marcus Grayson and greg are now friends
Aug 6, 2012
Kenny replied to greg's discussion 'Royalty Language'
"Melissa The idea of paying less royalty based on the landowner's request for pre post production deductions is nice in theory but landowners never agree to it.  Landowners hear of Company A offering 20% royalties, a majority of landowners…"
Aug 5, 2012
joe pierson replied to greg's discussion 'Royalty Language'
"True, if the gas company adds gold dust to the raw gas increasing the sale price from $2 to $2000/mcf you are free to ask for 18% of the $2000 instead of 18% of $2 without regard to it's whether it is fair or not. In any case, as…"
Aug 5, 2012
melissa humphrey replied to greg's discussion 'Royalty Language'
"By the way, I have seen EOG leases with standard Market Enhancement language and they are acdepting it as royalty paid on true gross. Forgetting their own self-interest, gas companies have an unwitten obligation to market extracted gas. Melissa…"
Aug 5, 2012
melissa humphrey replied to greg's discussion 'Royalty Language'
"Baloney all over the place. 1. Anything can be negotiated 2. There is no natural obligation of the lessor to share post production costs. 3. re enhancement, it is worded to sound good to the lessor but fine tuned language is what will…"
Aug 5, 2012
time will tell replied to greg's discussion 'Royalty Language'
"Marcus you need to take notes on who you dis . As for me I do ."
Aug 5, 2012
Marcus Grayson replied to greg's discussion 'Royalty Language'
"It has nothing to do with education or profession.  Being an ill-tempered jerk isn't ok, unless you're a nitwit like Donald Trump, I suppose.  Unless you're paid to be a loose cannon it isn't a preferable disposition.…"
Aug 5, 2012
Marcus Grayson replied to greg's discussion 'Royalty Language'
"Yeah, you've really operated with the comportment of a gentleman.  A true gentleman acts as such especially when the situation warrants otherwise.  Any asshole can be friendly when they're in company of friends and family.…"
Aug 5, 2012
Marcus Grayson replied to greg's discussion 'Royalty Language'
"And by the way...I have a masters degree from Wharton...but I still have my street smarts. I take you at your word about the MBA.  The street smarts on the other hand...you'd think Wharton would have taught you to be a gentleman.  No…"
Aug 5, 2012
Marcus Grayson replied to greg's discussion 'Royalty Language'
" I remember brown marconium aka marcus  taking a jab at me when he had no clue of what he was  talking about .   I'm thoroughly confused."
Aug 5, 2012
Kenny replied to greg's discussion 'Royalty Language'
"DISCLAIMER:  I AM NOT TRYING TO ACTIVELY SOLICIT ANY LANDOWNER ON THIS SITE BY POSTING THIS. Take a look at the BP/ALOV lease and you will see."
Aug 5, 2012
Kenny replied to greg's discussion 'Royalty Language'
"BGJ Your royalty percentage is always based on a per unit basis.  These numbers are figured during the division order process.  Example: You leased a total of 100 acres to Company A with a 12.5% royalty clause. -Company A forms South…"
Aug 5, 2012
Kenny replied to greg's discussion 'Royalty Language'
"Posting on this site does not make a oil/gas man a "shill" as you call it.  I am on this site simply as a way of keeping up with what is going on in the play and to try and educate landowners.  However, it makes it pretty hard to…"
Aug 5, 2012

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What is your role in the Marcellus?
Landowner
Why are you here?
Learning
Which state(s) are you following?
Ohio
What shale plays do you follow?
Marcellus

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At 9:58am on August 6, 2012, Marcus Grayson said…

Greg, I'm not an attorney and I don't want to give you any legal advise.  But in the interest of helping you out I'll say this: you don't really need a Pugh clause, you need two separate leases.  One for the four acre parcel and one for the three acre parcel.  That way they cannot hold you by unitizing one property.  A Pugh clause simply resets the land outside of a production unit after the primary term of the lease.  If you have two separate leases then both cannot be held by the same production unit unless both are included in said unit.  I hope this helps.

 
 
 

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