Replies to This Discussion

Permalink Reply by O&G Guy on March 19, 2014 at 12:11pm

Please do go on. And please show us some evidence to back up your accusations. Easy to call people out on theses forums. I'm not suggesting you don't stop it, there are plenty of other ways to handle it though. Knee-jerk legislation that could bring a whole host of unintendended consequences isn't the answer.

if you don't think it will affect investment in marginal areas, you're nuts. Landowners are free to demand contracts with limits on PPCs. Let's educate them. If you are dead set on handling it through the legislature, a bill requiring more transparency will ferret out the scammers without unfairly throwing fair operators under the bus.

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Permalink Reply by 0i7okn54zwbdo on March 19, 2014 at 12:59pm

If you can't make a profit paying a legitimate 12.5% royalty you should get out of the oil and gas business immediately.

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Permalink Reply by lamar r king on March 19, 2014 at 2:32pm

ABSOLUTELY AGREE W/ MARCUS;IF CHSPK CANT PROFIT BY PAYING FAIRLY,THEN GET THE HECK OUT OF PA AND LET A LEGITAMITE GAS CO./COS. TAKE OVER YOUR LEASES.I AM JUST TIRED OF THIS NONSENSE THAT IS BEING WAGED AGAINST WE THE LANDOWNERS.ITS TIME TO BRING THE BAD GUYS TO JUSTICE.

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Permalink Reply by wyalusing jim on March 19, 2014 at 2:53pm

there has never been a law in pa which said that a 1/8 royalty cannot have deductions.

the kilmer decision by the pa supreme court stated that very clearly.

wj

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Permalink Reply by PHILIP ANGELO on March 19, 2014 at 3:11pm

Wj  this country of our was such a better place when you can make a deal on a hand shake and your fellow neighbor was honorable, honest, respectful. Oh how I miss those days. The lawyers, politicians and those who seek refuge behind contracts, to hide their dishonest ways is not what the people of Pennsylvania are all about. We don't have room is our state for people like this!

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Permalink Reply by wyalusing jim on March 19, 2014 at 3:25pm

I too long for the days when folks were honest and forthright, but the truth is that there always have been people who would take advantage of us if we were not diligent. it's just that we never had to deal with them in such a costly manner as we now do.

it's really not about "the old days", but more about the character of the people that we used to, and now are forced to deal with.

yup, give me the simpler times...but with the money we now receive...the best of both worlds.

wj

Permalink Reply by Darlene Newton on March 19, 2014 at 10:26pm

Oh yes Jim I think we know that.  But the LAW says 12.5 percent and if you think what there doing is OK you are WRONG!  I do not accuse the facts are out there if you ignore the signs now YOU are a complete and TOTAL IDIOT!

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Permalink Reply by wyalusing jim on March 20, 2014 at 2:18am

only an idiot ignores the law and continues to believe that they can have whatever they want Darlene.

wj

Permalink Reply by PHILIP ANGELO on March 20, 2014 at 2:27am

Jim, See this is where your wrong. It is the oil and gas company who are not following the law. The law states 12.5% minimum royalty. They just choose to interpret the way it best suits them best.

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Permalink Reply by Michael on March 20, 2014 at 2:37am

That's why there are lawyers, even though we don't like to hire them. Just about every landowner involved with gas rights only sees $ signs in their eyes without any knowledge about what they are up against. The oil and gas companies have lawyers that make Philadelphia lawyers look like school boys. Until you fight fire with fire, you'll never get a spark going to get that fire.

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Permalink Reply by wyalusing jim on March 20, 2014 at 2:49am

the law does not state that the 12.5% royalty cannot be deducted from.

no lease written for the Marcellus or Utica gives less than a 12.5% royalty. they are all legal leases.

this has already been decided by kilmer v elexco/swn.

this new law seeks to change the 1979 law retroactively and amend leases written back as far as then. that is unconstitutional.

wj

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Permalink Reply by wyalusing jim on March 20, 2014 at 2:52am

you guys are confusing the royalty, with the payment.

the royalty is your share of production, that must be at least 12.5% and it is under these leases.

the payment is the royalty minus deductions for (supposedly) legitimate costs to get your share of production to market.

wj

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