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WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??
7 Replies

My brother and I  own approx 150 acres in central Sullivan Co. Pa. Can anyone give me some insite on whether to sell it now or hold on to it for the kids? I am in my later years and  I don't need the…Continue

Started this discussion. Last reply by stormangasman Mar 18.

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stormangasman replied to stormangasman's discussion 'WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??'
"Thanks Jack this very interesting both New Field Farmer and your comments. I think you have summed up the what a lot of landowners are feeling at this point in time. I have though, for a while now, that the gas people are trying to cool things now…"
Mar 18
Jack Straw replied to stormangasman's discussion 'WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??'
"Stormangasman, check here: http://gomarcellusshale.com/forum/topics/effects-of-future-global-trends-on-shale-gas-when-is-the-sweet    "
Mar 17
stormangasman replied to stormangasman's discussion 'WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??'
"Thanks ,but where do I find this post?"
Mar 17
New Field Farm replied to stormangasman's discussion 'WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??'
"Check my post titled "Effects of Future Global Trends on Shale Gas – When is the sweet spot?" on future trends, I just now put it up and talk a bit about your subject. NFF"
Mar 16
Jack Straw replied to stormangasman's discussion 'WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??'
"You are trying to solve four equations with five unknowns; no unique solution, just a family of potential solutions. I believe that matters will likely clear up in the next two years. The solution may not become obvious, but the choices will be…"
Jan 5
stormangasman replied to stormangasman's discussion 'WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??'
"Jack -- thanks for your reply-our property is in Elkland Twp and yes we own all rights.We are tied up  in an old  lease that puts us in a unit  w/1280 acres in it and one well in it now. We do not live on the property,…"
Jan 4
Jack Straw replied to stormangasman's discussion 'WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??'
"There is a County Group for Sullivan County: http://gomarcellusshale.com/group/sullivancountypa You might wish to join and follow the posts for this group.   Is your acreage currently leased? Am I correct to assume that you (and your Brother)…"
Jan 4
stormangasman posted a discussion

WHAT CAN I EXPECT TO GET FROM 160 ACRES OVER THE NEXT 30 YEARS??

My brother and I  own approx 150 acres in central Sullivan Co. Pa. Can anyone give me some insite on whether to sell it now or hold on to it for the kids? I am in my later years and  I don't need the money now.  I have used the Royalty calculater for the Marcellus Shale but .I just don't know anything about the Utica or the Oil . My brother wants to sell but I really don't want to. He has children also to leave it to . i see several options .Can anyone help?See More
Jan 4
7 Comments
stormangasman replied to karen brown's discussion 'Range Resources to Move a Rig by Helicopter?'
"Please let us know how this story ends.This shows the power of the gas co's. Chief did the same to us last year (put us in a unit)  just weeks before our old $5.00 lease expired. We have a permit filed to drille a well ,but…"
Jul 3, 2011
daniel cohen commented on stormangasman's blog post 'IS THE MONEY YOU RECEIVE FOR THE PAD TAXABLE??'
"ACCOUNTANT QUESTIONS: 1)Is the 'bonus money', paid for renting the property mineral rights, able to be used to claim that one's property is now 'rental property"? 2)If that is the case, does it follow that improvements to…"
Jun 9, 2011
stormangasman replied to Steve AC's discussion 'Unit sizes in existing leases' in the group Sullivan County, PA
"VG   I share your frustration, as I said earlier they did the same to us,However I don't understand why you didn't get a letter when they put you in a pool(unit) . We were told who's well we were hooked…"
May 18, 2011
Jeff Ottaviano and stormangasman are now friends
Mar 31, 2011
stormangasman posted a blog post

IS THE MONEY YOU RECEIVE FOR THE PAD TAXABLE??

THE MONEY YOU RECEIVE FOR THE PAD IS FOR THE DAMAGE TO TO YOUR LAND AND TREES IS IT SUBJECT TO INCOME TAX? MY TAX PERSON IS NOT SURE, ANYONE HAD THIS SAME QUESTION?See More
Mar 30, 2011
1 Comment
stormangasman replied to Steve AC's discussion 'Unit sizes in existing leases' in the group Sullivan County, PA
"they'll do or say anything to get you to change to their advanage,be on guard!! I'm sure you are."
Mar 18, 2011
stormangasman replied to Steve AC's discussion 'Unit sizes in existing leases' in the group Sullivan County, PA
"VG  We have land in Elkland Township ,You have some very good points,O&G people knew what they were doing 5 to 6 years ago__,we didn't. I have to live with the fact"we were taken over the coals"We took our lease to a lawyer 5…"
Feb 23, 2011
stormangasman replied to Loren Good's discussion 'Deductions from Royalty Payments'
"mike This might be a dumb question,but! With your lease of 15% ,after all the deductions ,will you,or can you receive less then 12.5%.?     If by Pa.state law the land owner can not receive less then 12.5% then what is the value of…"
Jan 4, 2011

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What is your role in the Marcellus?
Landowner
Why are you here?
Learning, Protecting the Environment, Business Opportunities
Which state(s) are you following?
Pennsylvania
Tell us your story...
after we signed a well permit,landman came back with 3 addem's the gas co wanted ,we did not sign!

Stormangasman's Blog

IS THE MONEY YOU RECEIVE FOR THE PAD TAXABLE??

THE MONEY YOU RECEIVE FOR THE PAD IS FOR THE DAMAGE TO TO YOUR LAND AND TREES IS IT SUBJECT TO INCOME TAX? MY TAX PERSON IS NOT SURE, ANYONE HAD THIS SAME QUESTION?

Posted on March 30, 2011 at 8:32pm — 1 Comment

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