If you have an expired lease due to the O&G Company failing to meet the terms of your lease for extending the Primary or Secondary Term see your state's information below on how to file a Release in the Courthouse for your parcel(s).
Release Request document for PA, can be modified for use in other states if one is not provided:…Continue
My family has a 200 acre interest in a 2000+ acre pooled venture that has been on hold because the largest property holder within the group is in a dispute with a small area mineral rights holder. This property holder is basically trying to use the law take the mineral rights from this small holder. So far the mineral rights holder has held on in court, but the property holder refuses to deal and has a "all or nothing" stance. It looks like the mineral rights holder can’t or won’t sign on to…Continue
The website is here-> http://www.panimportreduction.org/…
Added by Bob Perkins on May 24, 2016 at 10:30am — No Comments
Are there any advantages to being part of a 800-900 acre pooled unit in the Utica? Are the royalties any better?
Added by Magnetron12 on May 3, 2016 at 9:59pm — No Comments
Added by Shon Mattox on May 3, 2016 at 3:01pm — No Comments
After the close of trading on Friday, Halliburton released a statement saying the release of full earnings is postponed to May 3 from Monday, April 25, citing the deadline for the Baker Hughes deal as the reason.
They announced the merger in November 2014 in a deal now worth roughly $25 billion in a…Continue
Added by Shon Mattox on April 27, 2016 at 11:11am — No Comments
Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that upward movement in prices should be expected later this year,…Continue
Added by Shon Mattox on April 26, 2016 at 1:21pm — No Comments
“Five brothers” versus “seven sisters”
More than half a century ago, five major oil producing countries – Iran, Iraq, Venezuela, Kuwait and Saudi Arabia – agreed to work together to deprive seven transnational companies – Exxon, RD / Shell, Texaco, Chevron,…Continue
Added by Shon Mattox on April 19, 2016 at 10:04pm — No Comments
Here's a repeat of the Ohio Law for terminating a lease, the link to the law, and two letters that you can use as is, or modify to suit yourself, for Non-Pugh Clause leases, and Pugh Clause leases.
Notice that if YOUR PRODUCER doesn't respond to the Certified Letter, you can use the Newspaper in the County your land is in to proceed with the lease termination, even without the cooperation of YOUR PRODUCER. You on the Offensive, don't you like the thought of that? I sure as heck fire…Continue
David McMahon, a WV Attorney (sorry, he's not licensed in OH or PA) provides the following advice you need to read prior to negotiating a Pipeline ROW.
I know a Columbus Ohio lawyer who advised me to make my best deal with a pipeline company but don't sign…Continue
Added by Ron Hale on April 6, 2016 at 11:32am — No Comments
I began getting offers for my land a few years back. I had spoken with friends of mine who had also received offers and decided to lease their property out well "the getting was good". I wanted to take a different approach. I wanted to hold out as long as possible (after all the price can only go up right?).
To make a long story short, the well that was in my area turned out to be a fluke and my mineral rights are worthless now. I could have been a couple hundred grand richer, but I…Continue
Right now my interest is making contact with Jackie Root. Ed and his wife Carolyn clued Jackie in as to the unique situation we have concerning a 1972 lease.
In 1972 My father leased the land with the idea that leased payments could help with taxes. I was trying to establish a dairy but as often happens other things went awry. Since the property has been in the family a very long time......long before my birth, it…Continue
Added by william Allen. Ladd on March 8, 2016 at 2:42pm — No Comments
As upstream continues to face a challenging operating environment and opportunities open up in other segments of the industry, we've seen this question asked over again - whether on Linkedin or within our…Continue
Added by Doug Stetzer on March 1, 2016 at 3:42pm — No Comments
Here is an Action Plan from Texas for when your O&G Purchaser (Producer) files for Chapter 11. It might help you develop an action plan for your state when you stop receiving Royalty checks. The oil and gas will more than likely continue to be taken free.
Texas Land And Mineral Owners Association
WHEN YOUR OIL & GAS PURCHASER GOES BROKE
A Royalty and Mineral Owner’s Perspective and Action Plan for When
You Receive Notice from the United States Bankruptcy…Continue
Added by Ron Hale on February 12, 2016 at 3:26pm — No Comments
By Keith Mauck
Today's headlines are fearsome. Yet amid the bad news, there is hope for greater U.S. security through energy.
Gone are the days of stressing over OPEC and oil-supply disruptions; that 40-year nightmare is over. Today, we're experiencing an oil and natural gas boom that promises to strengthen the country.
Rising U.S. crude production generates huge economic benefits. Oil…Continue
Added by Keith Mauck (Site Publisher) on February 9, 2016 at 11:30am — No Comments
We own a tract of land that has had a gas lease since the middle 70's. It was renewed and had a Coal Bed Methane Lease added to the original along with modifications to the original gas lease in 2008. We conducted an audit in 2014 that actually did not start until 2015. Much to our surprise we found the lease had been totally mismanaged, and the terms of the lease were not being followed. Things such as royalties were being paid to the wrong person, Deductions were being taken that…Continue
Oil companies are hemorrhaging money. The oil market is in its worst downturn in decades. The price of oil has plummeted 72% since June 2014. Oil is trading below $30 a barrel for the first time since 2003.
If you’ve been reading the Dispatch, you know the world…
Added by The Crude Oil Trader on February 5, 2016 at 11:19am — No Comments
New Feature: Compare your prices!…Continue
Added by Keith Mauck (Site Publisher) on February 1, 2016 at 11:00am — No Comments
According to Marcellus Drilling News, Noble Energy - a major player in the Marcellus/Utica, has announced plans to cut dividend payments for its common stock by 44%. In addition, they will also be lowering their 2016 Capex by 50%, meaning less drilling and completion activity will take place in 2016 than we saw in 2015.
This move, however, is not unique to Noble Energy. Over the last several weeks we have seen many operators such as Chesapeake and Rex Energy suspending stock…Continue
Added by John Sabia on January 29, 2016 at 11:02am — No Comments