Replies to This Discussion

Permalink Reply by vickie landry on August 23, 2016 at 7:27pm

HI Prospector, if you are replying to my thread, what I meant by separated is that the crude and the wet gas- I have been told come out already separated at the well head. This person told me that they have heard that the oil companies can make enough off the wet gas to be able to take a loss on the crude and still make a profit, 

Vickie

Permalink Reply by Prospector on August 24, 2016 at 1:56am

Vickie, No I was actually asking Phillip about his example he gave it is on the previous page, I believe its a 10 acre parcel.  I was asking him why he said the rights have been separated on the quit claim deed?  I am just looking for clarity on his example. 

Permalink Reply by Philip Brutz on August 19, 2016 at 5:46am

Prospector, no I don't do searches for a living, I own land near Quaker City.  I had to educate myself about oil and gas rights so that I and my fellow landowners would not be taken advantage of by the gas companies. 

Permalink Reply by Prospector on August 19, 2016 at 6:58am

That's good to hear, too many people aren't educated enough.  Thanks again for all the good sources/info/insight.  Take care.

Permalink Reply by evan on August 19, 2016 at 9:17am

Prospector you can always count on what Philip says and does. He's a class act who has helped a lot of people on this sight.

Permalink Reply by nc man on August 19, 2016 at 11:12am

You betcha on both accounts, Evan!

Phil is very well educated, as he said, self educated, pertaining to  the g/o industry and has been VERY helpful to a lot of people, me included.

Thanks, Phil for sharing all that you do!

You and all the others that share their insight and knowledge, like you, also, Evan, is very much appreciated!

I consider you all my comrades and am grateful for y'all!

Permalink Reply by vickie landry on August 23, 2016 at 11:09am

Hi Philip, we own land in wills township and had leased with the shell group 5 yrs ago.

I got a call today from a guy saying he was with a land management group who was working for Ascent and told me that they had bought our lease from AEP and wanted to renew our lease under the orginal terms for the same amount only payable over the 5 yr lease period rather than a lump payment.  He was very eagar, wants to sign quickly, my first question is that I never received notice that our lease had been sold to ascent, my second question is what are our neighbors here in east quernsey thinking about releasing, I've heard some folks are holding out for 1800. an acre.

If you or anyone reading this has thoughts or advice please let me hear them, this is the only place I know to get info.  Anyone interested in the guys name and ph# let me know and i will publish it.

thx

Vickie

Permalink Reply by scott peterson on August 23, 2016 at 11:15am

1,800 an acre per year for 5 years?  If its 1,800 an acre total that's terrible.

Permalink Reply by vickie landry on August 23, 2016 at 11:22am

they are offering us our original terms, 1,000. per acre per year on a 5 yr contract.

My question is what are other land holders being offered if anyone knows.

thx

Vickie

Permalink Reply by scott peterson on August 23, 2016 at 11:28am

Turned down a top lease offer from Eclipse (my GP lease hasn't expired yet) was for 8 year period. $500 acre year one & two and $1,000 acre years 3-8.

18% gross lease but i'm pretty sure market enhancements were going to be in there.

Permalink Reply by vickie landry on August 23, 2016 at 11:42am

-sorry, I'm not very up on things,  What do you mean by" market enhancements were going to be in there"

Permalink Reply by scott peterson on August 24, 2016 at 12:36am

Formerly known as a Post Production Cost Clause. Enables the producer to deduct expenses from your "Gross" royalty making it in effect a net royalty. A Gross royalty lease with a market enhancement clause is really a net royalty lease more or less.

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