All Discussions Tagged 'pooling' - GoMarcellusShale.com2024-03-29T15:31:12Zhttps://gomarcellusshale.com/forum/topic/listForTag?tag=pooling&feed=yes&xn_auth=noDoes West Virginia Have a Maximum Pooling Size?tag:gomarcellusshale.com,2015-09-07:2274639:Topic:6960402015-09-07T17:16:45.155ZLeo Shttps://gomarcellusshale.com/profile/LeoS
<p>Is there a maximum number of acres for which a driller can define a unit / pool in West Virginia? For example, must a unit / pool be smaller than 640 acres? I have done searches on the internet and here, and do not find any information to help answer this question.</p>
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<p>Thanks in advance</p>
<p>Leo</p>
<p>Is there a maximum number of acres for which a driller can define a unit / pool in West Virginia? For example, must a unit / pool be smaller than 640 acres? I have done searches on the internet and here, and do not find any information to help answer this question.</p>
<p></p>
<p>Thanks in advance</p>
<p>Leo</p> Please write all WV Senators regarding HB 2688 forced poolingtag:gomarcellusshale.com,2015-03-05:2274639:Topic:6656562015-03-05T02:27:50.856ZBenjamin Lester Harrishttps://gomarcellusshale.com/profile/BenjaminLesterHarris
<p>My letter to all the WV State Senators regarding HB 2688 -- forced pooling.</p>
<p>As a land and mineral owner in _____ County, WV, I am writing to<br></br>inform you of my opposition to any legislation, more specifically HB<br></br>2688, that supports and advances the practice of seizure of private<br></br>property in the form of 'unitization', 'lease integration', or 'forced<br></br>pooling' of my privately held mineral rights.</p>
<p>This bill is morally wrong and I'll tell you why I think so. If…</p>
<p>My letter to all the WV State Senators regarding HB 2688 -- forced pooling.</p>
<p>As a land and mineral owner in _____ County, WV, I am writing to<br/>inform you of my opposition to any legislation, more specifically HB<br/>2688, that supports and advances the practice of seizure of private<br/>property in the form of 'unitization', 'lease integration', or 'forced<br/>pooling' of my privately held mineral rights.</p>
<p>This bill is morally wrong and I'll tell you why I think so. If the<br/>gas and oil interests are allowed to tell me they going to take<br/>something that I own and they going to tell me what they going to pay<br/>for it and I’m going to take it whether I like it or not --well I<br/>consider that extortion.<br/>And extortion would be a nice word for it. I think a more proper<br/>descriptive would be thievery.</p>
<p>This Legislation proposed by Industry Lawyers would put in place a 5<br/>person committee, to decided what 'Fair and Just' bonus payments and<br/>royalty amounts will be paid to Land Mineral Owners.</p>
<p>That almost sounds like 'fair and balanced'. Somehow I don't feel<br/>comforted by someone who has a financial interest in stealing my<br/>rights to negotiate fairly. How can any legislator in this state of<br/>West Virginia justify passing this bill?</p>
<p>I would deeply appreciate your response in how you are going to vote<br/>for this bill. Yes or No and why if you care to expound upon this.</p>
<p>To: bob.beach@wvsenate.gov, craig <craig@craigblair.com>, greg.boso@wvsenate.gov, Mitch.Carmichael@wvsenate.gov, bill.cole@wvsenate.gov, douglas.facemire@wvsenate.gov, ryan.ferns@wvsenate.gov, ed.gaunch@wvsenate.gov, mike.hall@wvsenate.gov, daniel.hall@wvsenate.gov, robert.karnes@wvsenate.gov, jeff.kessler@wvsenate.gov, art.kirkendoll@wvsenate.gov, william.laird@wvsenate.gov, Kent.Leonhardt@wvsenate.gov, Mark.Maynard@wvsenate.gov, ronald.miller@wvsenate.gov, jeff.mullins@wvsenate.gov, david.nohe@wvsenate.gov, corey.palumbo@wvsenate.gov, robert.plymale@wvsenate.gov, roman.prezioso@wvsenate.gov, mike.romano@wvsenate.gov, herb.snyder@wvsenate.gov, ron.stollings@frontier.com, dave.sypolt@wvsenate.gov, drtomtakubo@gmail.com, charles.trump@wvsenate.gov, john.unger@wvsenate.gov, chris.walters@wvsenate.gov, bob.williams@wvsenate.gov, mike.woelfel@wvsenate.gov</p>
<p>And I strongly ENCOURAGE any other mineral rights and property owners here in the state of WV to write their state senators regarding disapproval of this horrendous legislation.</p> Forced pooling in WVtag:gomarcellusshale.com,2015-02-09:2274639:Topic:6603592015-02-09T03:23:06.169ZDan Warnerhttps://gomarcellusshale.com/profile/DanWarner927
<p>I would like to start a discussion which will attempt to bring to light any news relating to current 'forced pooling' legislation in West Virginia. If anyone has news regarding the status of this issue in the legislature, or would like to post contact information for their representatives, for those who would like to contact them, it would be most welcome here. </p>
<p>We need to protest this violation of our private property rights. </p>
<p></p>
<p>I have drafted a letter that may be used…</p>
<p>I would like to start a discussion which will attempt to bring to light any news relating to current 'forced pooling' legislation in West Virginia. If anyone has news regarding the status of this issue in the legislature, or would like to post contact information for their representatives, for those who would like to contact them, it would be most welcome here. </p>
<p>We need to protest this violation of our private property rights. </p>
<p></p>
<p>I have drafted a letter that may be used as a template for anyone to use. Feel free to copy it, insert your county, and sign your name:</p>
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<p>As a resident of <span style="text-decoration: underline;"> </span> County, WV, I am writing to inform you of my opposition to any legislation that would support or advance the practice of seizure of private property in the form of 'unitization', 'lease integration', or 'forced pooling' of privately held mineral rights. </p>
<p> </p>
<p>Legislation of this type is a violation of our constitutional rights regarding private property, and will strip landowners of their negotiation strength as well, should they be willing to lease their property.</p>
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<p>Sincerely,</p>
<p><span style="text-decoration: underline;"> </span></p>
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<p><span style="text-decoration: underline;"><br/></span> Please pass along contact information for your local representatives.</p>
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<p><span> </span></p>
<p></p> Proposed Legislation for Forced Pooling in WV Gaining Steam - Beware Mineral Ownerstag:gomarcellusshale.com,2015-01-27:2274639:Topic:6573132015-01-27T21:03:41.669ZAdam Martinhttps://gomarcellusshale.com/profile/AdamMartin
Have been following this closely and it appears the proposed Forced Pooling Legislation in the State of West Virginia is getting pushed along by the Oil and Gas Industry. There is already a law in place that covers formations below the Marcellus, but it appears now, the Oil and Gas Industry would like to take more from Land and Mineral Owners. The Legislation proposed by Industry Lawyers would put in place a 5 person committee, made up of an Industry Shills no doubt, to decided what "Fair and…
Have been following this closely and it appears the proposed Forced Pooling Legislation in the State of West Virginia is getting pushed along by the Oil and Gas Industry. There is already a law in place that covers formations below the Marcellus, but it appears now, the Oil and Gas Industry would like to take more from Land and Mineral Owners. The Legislation proposed by Industry Lawyers would put in place a 5 person committee, made up of an Industry Shills no doubt, to decided what "Fair and Just" bonus payments and royalty amounts will be paid to Land / Mineral Owners. This committee will base it's ruling on evidence that the O&G companies present, including what other minerals in the proximity of the mineral in question, were leased for. So if a mineral was leased for $10 per acre 20 years ago at the base rate of 12.5%, this could be used as evidence and what you could be paid under the proposed law. Keep in mind that this is being proposed because O&G Operators have such a hard time of tracking down the thousands of mineral owners required to be profitable and have abandoned massive amounts of mineral because they couldn't locate a mineral owner who's 10 acres blocked them from fully producing the 640 acre production unit and because many Land / Mineral Owners refuse to negotiate. I say that with the most sarcastic tone possible because that's what the O&G PR machine was churning out on Inside Shale (WAJR) this morning... a radio show that is paid for by the WV Oil and Natural Gas Association (WVONGA).<br />
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If you own mineral in the State of West Virginia and don't feel that your mineral should be stolen from you because you decide to decline the "Fair and Just" offer made to you by the Oil and Gas Industry, better start calling and writing letters to your state and local politicians to have your voice heard. Right now they are proposing a requirement of 67% be leased before they can Force Pool your minerals. A mineral owner group has proposed their own legislation with a 90% requirement but it will no doubt be negotiated down.<br />
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You can read more about the proposed legislation or google forced pooling in wv.<br />
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<a href="http://wvpublic.org/term/forced-pooling">http://wvpublic.org/term/forced-pooling</a><br />
<br />
Anybody out there for Forced Pooling? I'm not convinced as I've sat in negotiations where landmen have threatened my family to sign for cheap or they will drill our mineral and hold it in an account until we sign their cheap offer. I think this will be another tool they use to force folks into signing bad leases that benefit their own pockets. Proposed Legislation for Forced Pooling in WV Gaining Steam - Beware Mineral Ownerstag:gomarcellusshale.com,2015-01-27:2274639:Topic:6571172015-01-27T21:01:01.875ZAdam Martinhttps://gomarcellusshale.com/profile/AdamMartin
Have been following this closely and it appears the proposed Forced Pooling Legislation in the State of West Virginia is getting pushed along by the Oil and Gas Industry. There is already a law in place that covers formations below the Marcellus, but it appears now, the Oil and Gas Industry would like to take more from Land and Mineral Owners. The Legislation proposed by Industry Lawyers would put in place a 5 person committee, made up of an Industry Shills no doubt, to decided what "Fair and…
Have been following this closely and it appears the proposed Forced Pooling Legislation in the State of West Virginia is getting pushed along by the Oil and Gas Industry. There is already a law in place that covers formations below the Marcellus, but it appears now, the Oil and Gas Industry would like to take more from Land and Mineral Owners. The Legislation proposed by Industry Lawyers would put in place a 5 person committee, made up of an Industry Shills no doubt, to decided what "Fair and Just" bonus payments and royalty amounts will be paid to Land / Mineral Owners. This committee will base it's ruling on evidence that the O&G companies present, including what other minerals in the proximity of the mineral in question, were leased for. So if a mineral was leased for $10 per acre 20 years ago at the base rate of 12.5%, this could be used as evidence and what you could be paid under the proposed law. Keep in mind that this is being proposed because O&G Operators have such a hard time of tracking down the thousands of mineral owners required to be profitable and have abandoned massive amounts of mineral because they couldn't locate a mineral owner who's 10 acres blocked them from fully producing the 640 acre production unit and because many Land / Mineral Owners refuse to negotiate. I say that with the most sarcastic tone possible because that's what the O&G PR machine was churning out on Inside Shale (WAJR) this morning... a radio show that is paid for by the WV Oil and Natural Gas Association (WVONGA).<br />
<br />
If you own mineral in the State of West Virginia and don't feel that your mineral should be stolen from you because you decide to decline the "Fair and Just" offer made to you by the Oil and Gas Industry, better start calling and writing letters to your state and local politicians to have your voice heard. Right now they are proposing a requirement of 67% be leased before they can Force Pool your minerals. A mineral owner group has proposed their own legislation with a 90% requirement but it will no doubt be negotiated down.<br />
<br />
You can read more about the proposed legislation or google forced pooling in wv.<br />
<br />
<a href="http://wvpublic.org/term/forced-pooling">http://wvpublic.org/term/forced-pooling</a><br />
<br />
Anybody out there for Forced Pooling? I'm not convinced as I've sat in negotiations where landmen have threatened my family to sign for cheap or they will drill our mineral and hold it in an account until we sign their cheap offer. I think this will be another tool they use to force folks into signing bad leases that benefit their own pockets. Locating others listed on the lease papers?tag:gomarcellusshale.com,2014-10-06:2274639:Topic:6302332014-10-06T18:57:01.019ZLBakerhttps://gomarcellusshale.com/profile/LBaker
<p>When we were first contacted by the company that wants us to sign for our mineral leases, the woman mentioned that there are 32 people "in the trust." We are not sure of the following:</p>
<p>1. What trust? It isn't a family trust that we know of...is "the trust" an account of some sort that the energy company set up? Is it something else all together?</p>
<p>2. How would we go about finding out who is named on this 'trust?"</p>
<p>3. Do we even need to know who is named? …</p>
<p>When we were first contacted by the company that wants us to sign for our mineral leases, the woman mentioned that there are 32 people "in the trust." We are not sure of the following:</p>
<p>1. What trust? It isn't a family trust that we know of...is "the trust" an account of some sort that the energy company set up? Is it something else all together?</p>
<p>2. How would we go about finding out who is named on this 'trust?"</p>
<p>3. Do we even need to know who is named? Why? </p>
<p>4. Is it to our benefit to find these people before we negotiate the terms?</p>
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<p>Does anyone here have any experience with this sort of thing? On our paperwork there are 4 family names listed. Have they pooled the mineral resources for the lease?</p>
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