Amarado Oil Company Ltd

I have been in discussion with the above named oil company regarding leasing gas/oil rights for my property in Westland Township, Guernsey County.  They have an office in Cambridge.  Does anyone have any experience with them?  Any opinions about the company or their leases?

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Replies to This Discussion

Permalink Reply by Nelson Roe on February 14, 2012 at 3:54pm

I don't know that I have ever used it Billy... So I can't answer that. lol.  Normally my calculations come out pretty close, but as Michael pointed out, I forgot a zero when I posted initially, so perhaps I should look into the calculator to avoid typos?  And even if the calculator does give you the final numbers, some people (myself included) like to know what drives the numbers, so sometimes showing a verbal representation gives a better understanding than just the numbers.  I know I like to know the how & why that leads up to the final result...

Permalink Reply by Jeanette Krunich on February 14, 2012 at 1:12pm

Yes, Nelson is basically right, except I would calculate my acreage share of the total monthly production first and then take my royalty x that amount.  Only because, depending on who is in the unit, some landowners may have different royalty amount based on the lease they signed. 

Permalink Reply by Nelson Roe on February 14, 2012 at 3:51pm

Thanks Michael, guess I forgot one of the 0's.  My math skills honestly are better than that.  lol

Permalink Reply by Nelson Roe on February 14, 2012 at 4:01pm

very true!

Permalink Reply by Bluflame on February 15, 2012 at 7:12am

Nelson,

 Please check your math in paragraph #2. $200,000 X .10 = $20,000 vs $2,000. If I'm correct, big change in payout!

BluFlame

Permalink Reply by Nelson Roe on February 15, 2012 at 9:49am

Thanks Blu, Michael already caught that one for me though.

Permalink Reply by Bluflame on February 15, 2012 at 11:07am

And you thought no one paid any attention to your posts!!!

BluFlame

Permalink Reply by Nelson Roe on February 15, 2012 at 3:32pm

lol.  I guess occassionally someone does... at least when they are in error.

Permalink Reply by shade2u2 on March 7, 2012 at 7:17am

Thank you for all the information.

I am being offered 20% now.   Does anyone know if the up front amount per acre is still hanging around $5,000 per?

I am going to ask for more.

Permalink Reply by Sam on January 22, 2014 at 2:08pm

I can try to get you a better deal if you can get his attention

I think is the same person who I try to contact for the longest. He does not have the time to pay my bill or to return my calls. Please if you know AMARADO OIL - David Dashner have him call me. 832-775-6084

Permalink Reply by Jeanette Krunich on February 14, 2012 at 1:15pm

I would think the 1020 acreas if drilled with long horizontals should produce more than the 640 acres. Just my thoughts.  Actually, if fracked equally, probably a wash if royalties are the same for each.  A 1% increase in your royalty really impacts what you are paid.  Wait for at least 20%.

Permalink Reply by Sam on January 22, 2014 at 2:02pm

I think is the same person who I try to contact for the longest. He does not have the time to pay my bill or to return my calls. Please if you know AMARADO OIL - David Dashner have him call me. 832-775-6084

We install all IT equipment in his hotel in Honduras halve a year ago! My boos looking to seat with him if he has any respect to his vendors.

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