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Permalink Reply by 28clr6acuhbmv on December 12, 2019 at 5:30pm

While you are waiting on a response, this is a good place to say that no Landowner on the receiving end the theft that is US Domestic O&G actually knows what an acre of land in a Horizontal Unit is worth.

The Henceroth vs Chesapeake Energy lawsuit has 50 pages describing how Landowners have been stolen from. Additional thefts have been identified since that lawsuit was written, and in the future, those in the industry will reveal more frauds that take place from well pad to the final sale which is the only sale that takes place.

Before anyone sells an item it would be wise to first understand the value of that item, otherwise sellers remorse will soon set in after the sale. 

Some Landowners have sold their minerals for less than the bonus that has been paid to other Landowners to lease land for the primary term, leading to a secondary bonus of the same amount after the primary term has ended.

These bonuses for some have been the only real money of significance paid due to the 1% to zero royalty they have been paid for several years.

Those who do nothing will be the winners when Corruption ends in the US, which will take place in the very near future.

Remember, any O&G contract signed in Ohio prior to May 2019 is void for several reasons, the major one being that an Ohio Licensed Real Estate Agent did not negotiate the document, thus Ohio Law (The Ohio Revised Code) was violated.

When the Laws once again apply to O&G companies, "things" will change.

No amount of ex-esquire Queens Law Lawyering will change what is coming. God Wins, US Citizens Win, the corrupt lose, as it should have been since this problem started in the 2nd half of the 1800s.

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Permalink Reply by NYPAShale on December 19, 2019 at 7:15am

Bump. Maybe a better question would, what are the pros and cons of selling mineral rights? Unfortunately, I'm not the sole person involved in making this decision; if I were, I would thank this company for their time and move on.

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Permalink Reply by shakeshale on December 19, 2019 at 7:41am

The pros
You get your money now at capital gain rate
You take the risk off the table
No waiting and wondering if you will ever get drilled
The ability to take advantage of current economic conditions and invest for the future before your mineral rights go back to pre 2010 values

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Permalink Reply by NYPAShale on December 19, 2019 at 7:45am

OK, thanks for that. The property has been drilled and is producing gas, although the checks have not been steady.

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