Mickgyver
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Mickgyver's Discussions

Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.
8 Replies

Some friends and I have been discussing lease controlling factors and would like to start a post for questions and answers from  other issues that have been experienced by our fellow readers related…Continue

Started this discussion. Last reply by Mickgyver Apr 15.

Pipelines going through Somerset Township and Seismic Testing in Belmont County

Hello All does anyone know anything about proposed pipelines being installed through areas of Somerset Township in Belmont County by Murray Energy .I have been told by friends in that area they there…Continue

Started Jun 20, 2012

Natural Gas Liquids Pie Chart for good overview of various situations
4 Replies

Here is a link with a chart and a detailed explanation of how the amount of Natural Gas Liquids affects the overall breakeven dry gas costs…Continue

Started this discussion. Last reply by Mickgyver Jun 14, 2012.

Current lease prices still in the various counties
6 Replies

What prices are still offered in Jefferson,harrison,guernsey ,Belmont and columbiana and other counties in Ohio ,lets  keep the rumors down if you have any updates on your area .Continue

Started this discussion. Last reply by Mickgyver Apr 28, 2012.

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Latest Activity

Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"Hello Yes you may be right ,That would be a bad situation I am awaiting a legal reply to try to find out for sure . the O.O.P. appeared to be mandatory as I read it , I will say  a fried had all of their acres leased, and part of it was not…"
Apr 15
Kevin Senich replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"As I thought about this, I felt obliged to let you know that if the notice provision of the OOP is mandatory (it likely is), you will have to give notice in order to enforce your rights under a 120 day default.  Although the lessee may be…"
Apr 15
Kevin Senich replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"I would be pleased to read the lease if you would attach it, (or the specific language you feel is conflicted.)  Fang has a good understanding of how these addenda and exhibits work with and against each other, and I agree with his reply. …"
Apr 14
Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"Hello again Jay ,I tried to edit my last post but something went wrong. anyway what we thought would be considered as inconsistent ,is the fact that the normal addendum allows a 120 day period to pay or to release the lease which is all up to the…"
Apr 14
Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"yes it is an interesting point ,that is why I posted it to get some input . There are several situations where the addendum's are in close proximity of the other clauses , That is the reason I added this discussion .There were thousands of…"
Apr 14
Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"As you say a lot of issues do need attorneys since the wording can become tricky ,we talked about this one because it is interesting the way it is listed . Along with other issues such as storage, covenants ,water usage ,Force Majeure and others,…"
Apr 13
Fang F Fang replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"The problem arises when the addendum clauses do not specifically address clauses or wording. So for instance the Order For Payment wording could be seen as being in addition to the other wording in the lease, and therefore not in conflict. This is…"
Apr 13
Mickgyver posted a discussion

Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.

Some friends and I have been discussing lease controlling factors and would like to start a post for questions and answers from  other issues that have been experienced by our fellow readers related to the initial lease and additional problems as time goes by into a producing unit .One issue is the Order of Payment versus the attached Addendum list added to many lease's. Many have seen the Order of Payment page which comes with some leases which gives the related company a lot of extra time to…See More
Apr 13
7 Comments
Mickgyver replied to GM612's discussion 'Renegotiating royalty percentage agreement.'
"Hello read your lease real close ,if they cancel this unit  do they lose the ability to use those pipelines ,also they make will too much to just walk away from the whole unit after they have already put out the initial expenses . Have you…"
Mar 10
Mickgyver replied to harry frank's discussion 'Gulfport has entered into a definitive agreement to purchase approximately 30,000 net acres in the Utica'
"Hello All That reminds  me of the deal done a while back where Chesapeake  sold a25% stake in 619,000 acres or the equal to owning 155,000 acres  for a total of $15,000 per acre to Total of France ,this price was 700 million…"
Jan 11
Mickgyver replied to Susanne Watt's discussion 'Poooling without a lease'
"Hello if I read the mandatory pooling law correctly I will try to base this explanation on a normal leasing deal we have been familiar with .  Lets use a royalty of 20% landowner 80% for drilling company like many leases .The way it is now each…"
Jan 9
Mickgyver replied to mike's discussion 'Could this happen?'
"Hello ,yes this sounds as if it can happen as long as the company holds the lease on both places ,in addition according to what I was told ,with the new oil and gas laws ,the vertical portion of a horizontal deep well can be placed on one piece of…"
Dec 10, 2012
Mickgyver replied to Ron Eiselstein's discussion '"Where in Ohio's Utica was $8300 paid?'
"Hello all depending on the true facts here I did read somewhere that the utica was easier to develop than the EagleFord  .If that is the case ,we have about 5 shale areas to develop versus one I have a copy of an XTO contract for tarrant county…"
Oct 22, 2012
Dan and Mickgyver are now friends
Oct 3, 2012
Mickgyver replied to Ron Eiselstein's discussion '"This Land is your land......now it is my land too!"'
"Hello Ron , redistribution has been around for many years , those that have no land  have had the option to redistribute their craftsmanship by retraining to adjust to the changing economy , they could apply themselves in many cases to purchase…"
Sep 25, 2012
Mickgyver replied to John OBrien's discussion 'Beck Energy Appeals Court Decision'
"yes alan it is bad to let any one person have that kind of authority ,especially when some of them have friends in low places or is that high places . This happens too often to a lot of people who should wins cases hands down if they have the option…"
Aug 31, 2012

Profile Information

What is your role in the Marcellus?
Landowner, Concerned Citizen
Why are you here?
Learning
Which state(s) are you following?
West Virginia, New York, Ohio
What shale plays do you follow?
Barnett, Eagle Ford, Marcellus, Utica
Tell us your story...
just learning for best informed results and trying to encourage others to take charge and get informed so we all do better as a state .

Mickgyver's Blog

WET GAS in local counties more valuable than the dry gas

here is some information to help informed decision for the value of the wet gas in our area . log on to site it has great information as well as a value of the wet gas  (here is the website)      

 

http://www.frackcheckwv.net/2011/04/01/%E2%80%98wet%E2%80%99-gas-worth-75-more-7-vs-4-per-thousand-cubic-feet/

Posted on September 3, 2011 at 10:27am — 1 Comment

Comment Wall (5 comments)

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Join Go Marcellus & Utica Shale: Leasing, Drilling & Mineral Rights

At 5:53pm on May 23, 2012, matt jones said…

Hilcorp was the company

At 2:43pm on January 16, 2012, Rick C-73 said…

I thought that is what I did. You show up in friends box, new to this, am I missing something????

At 2:32pm on January 16, 2012, Rick C-73 said…

Mickgyver

Thanks for the help.  I only have about 2 acres on CR100 in Warren Twp but from what I have read in the last couple days, Smith-goshen group seeems to be a very repsonsbile group looking out for the landowner.  Any assistance you could provide would be very much appreciated. 

 

I have my parcel number, but I know the group is very busy and I haven't seen any meetings since about November.

 

At 6:04pm on January 13, 2012, James Kerns said…

Hey Mickgyver, Hows it going buddy?

At 10:50pm on September 19, 2011, Jim Harber said…

Mickgyver,

Wow, that is a long read.....but, you shared alot of really good information. Good Stuff, thanks for your input and I hope group members will listen to your thoughts on the subject matter covering alot of areas when needing the facts in whether to lease or not and holding the fort down, even when others are running out the gate. It is harder to hold together and hold the fort when the almighty buck is working its way into the what ifs or what should I do? We are still along way off from the top pricing, but that really isn't the key here; it is what is good for you and what is good overall for the group. Common sense goes along way during these times and should be thought out before anyone jumps ship. Keep on, keeping on is the best plan....just "Hold the Fort".

 
 
 

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