Another question about royalties - GoMarcellusShale.com2024-03-29T13:05:52Zhttps://gomarcellusshale.com/forum/topics/another-question-about-royalties?commentId=2274639%3AComment%3A740908&feed=yes&xn_auth=noAre your royalties gross or n…tag:gomarcellusshale.com,2016-08-02:2274639:Comment:7444142016-08-02T22:01:11.456ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
<p>Are your royalties gross or net?</p>
<p>Are your royalties gross or net?</p> This month's royalties will b…tag:gomarcellusshale.com,2016-08-02:2274639:Comment:7443152016-08-02T20:36:59.275ZDalmorlosonhttps://gomarcellusshale.com/profile/Dalmorloson
<p>This month's royalties will be for May's production.</p>
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<p>This month's royalties will be for May's production.</p>
<p></p> Which month is that for? I ve…tag:gomarcellusshale.com,2016-08-02:2274639:Comment:7439262016-08-02T13:45:03.001Zjustme1https://gomarcellusshale.com/profile/justme1
<p>Which month is that for? I verified with both Rice and Gulfport that I will be getting royalties from both companies, which I didn't know beforehand...so I am hoping it will improve the checks some. I was not part of the Smith-Goshen agreement though.</p>
<p>Which month is that for? I verified with both Rice and Gulfport that I will be getting royalties from both companies, which I didn't know beforehand...so I am hoping it will improve the checks some. I was not part of the Smith-Goshen agreement though.</p> Thank you, I am sure that som…tag:gomarcellusshale.com,2016-08-01:2274639:Comment:7434862016-08-01T11:32:03.209ZDavid Allen Lillyhttps://gomarcellusshale.com/profile/DavidAllenLilly
<p>Thank you, I am sure that some folks are abused due to poorly written leases and some folks are just plain abused.</p>
<p>But, contrary to what we see written here constantly, usually by the same guy, I talk to royalty owners who are satisfied that they are getting what they are supposed to get.</p>
<p>A week or so back I talked to a guy and told him of my plan to hire legal representation to verify my royalty matches my lease term.</p>
<p>He told me that he liked my desire to be proactive…</p>
<p>Thank you, I am sure that some folks are abused due to poorly written leases and some folks are just plain abused.</p>
<p>But, contrary to what we see written here constantly, usually by the same guy, I talk to royalty owners who are satisfied that they are getting what they are supposed to get.</p>
<p>A week or so back I talked to a guy and told him of my plan to hire legal representation to verify my royalty matches my lease term.</p>
<p>He told me that he liked my desire to be proactive but to wait and see if Chesapeake takes the deductions or not because it is his opinion that they wont because of the wording in my lease.</p>
<p>I fear that there is much disinformation on this site. I believe that royalty checks are affected more by market pricing and volume than by theft. I hope I am right, I am not eager to take on my producer but will if they steal from me. Thank you again for the information.</p> With the Big Producer taking…tag:gomarcellusshale.com,2016-08-01:2274639:Comment:7434822016-08-01T03:52:22.286Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>With the Big Producer taking it all, the smaller producers are sure to take advantage of Land Owners as well.</p>
<p>When no one sees the State and Federal Government taking action, they realize its a free for all, take what you want, report what you want.</p>
<p>The only fix I see for this is a President that demands that all US Citizens and Corporation obey the law or face the consequences.</p>
<p>The Oil & Gas companies have been doing this as long as they have existed. It's not funny…</p>
<p>With the Big Producer taking it all, the smaller producers are sure to take advantage of Land Owners as well.</p>
<p>When no one sees the State and Federal Government taking action, they realize its a free for all, take what you want, report what you want.</p>
<p>The only fix I see for this is a President that demands that all US Citizens and Corporation obey the law or face the consequences.</p>
<p>The Oil & Gas companies have been doing this as long as they have existed. It's not funny and it's not a civil matter, it is criminal activity.</p>
<p></p> You need to demand an audit o…tag:gomarcellusshale.com,2016-07-31:2274639:Comment:7434652016-07-31T16:41:10.354ZBobhttps://gomarcellusshale.com/profile/Andrew323
<p>You need to demand an audit of the division order. They are having high school educated analysts calculate the division orders. Since the downturn, the operator has skimped on receiving division order title. The division Order Title almost guarantees that your division order is correct because they use the abstracting title opinion plus the decimal interest spreadsheet. Call Rice and demand an audit of the royalties. If they do not respond, file a law suit and make them pay you the right…</p>
<p>You need to demand an audit of the division order. They are having high school educated analysts calculate the division orders. Since the downturn, the operator has skimped on receiving division order title. The division Order Title almost guarantees that your division order is correct because they use the abstracting title opinion plus the decimal interest spreadsheet. Call Rice and demand an audit of the royalties. If they do not respond, file a law suit and make them pay you the right number. You could be losing thousands each month. </p> Sorry guys...when this post w…tag:gomarcellusshale.com,2016-07-31:2274639:Comment:7435442016-07-31T14:52:22.439ZDalmorlosonhttps://gomarcellusshale.com/profile/Dalmorloson
<p>Sorry guys...when this post was active I was on vacation and the site wouldn't work right on my phone. Then we had the site go down. I am in the Mohawk Warrior unit. The no-deduction clause was very specific as to what COULD NOT be deducted and so far so good. There has never been a deduction on my statements although some months I question the price/mcf. Seems really low, like almost $1.00 under Henry Hub.</p>
<p>I just received 1/2 of the next month's royalty and prices are up some. Back…</p>
<p>Sorry guys...when this post was active I was on vacation and the site wouldn't work right on my phone. Then we had the site go down. I am in the Mohawk Warrior unit. The no-deduction clause was very specific as to what COULD NOT be deducted and so far so good. There has never been a deduction on my statements although some months I question the price/mcf. Seems really low, like almost $1.00 under Henry Hub.</p>
<p>I just received 1/2 of the next month's royalty and prices are up some. Back to about $600/acre.</p> I couple years ago I remember…tag:gomarcellusshale.com,2016-07-20:2274639:Comment:7423342016-07-20T01:21:10.630ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
<p>I couple years ago I remember talking to someone in Kansas that said that China owned all of the mineral rights in the area.</p>
<p>I couple years ago I remember talking to someone in Kansas that said that China owned all of the mineral rights in the area.</p> Ask an attorney about "Potts…tag:gomarcellusshale.com,2016-07-20:2274639:Comment:7421522016-07-20T01:11:32.470Zfrank speakerhttps://gomarcellusshale.com/profile/russfenster
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<p>Ask an attorney about "Potts vs. Chesapeake Exploration No,13-10601" decided by the 5th Circuit Court of Appeals in New Orleans in August, 2014, which addresses this issue under Texas law.</p>
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<p>Ask an attorney about "Potts vs. Chesapeake Exploration No,13-10601" decided by the 5th Circuit Court of Appeals in New Orleans in August, 2014, which addresses this issue under Texas law.</p>
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<p></p> Dalmorloson,
You have a no de…tag:gomarcellusshale.com,2016-07-19:2274639:Comment:7422422016-07-19T23:28:44.503ZDavid Allen Lillyhttps://gomarcellusshale.com/profile/DavidAllenLilly
<p>Dalmorloson,</p>
<p>You have a no deduction lease as do I. Can you please tell us if this lease has prevented the producers from shorting your royalty by taking deductions ?</p>
<p>Dalmorloson,</p>
<p>You have a no deduction lease as do I. Can you please tell us if this lease has prevented the producers from shorting your royalty by taking deductions ?</p>