attention landowners in wv

I own property in wetzel and Tyler county. My lease is set to expire in 6 months and no drilling has taken place. If anyone is in a similar situation please post. I'm not trying to pool and I'm not interested at all in that so please don't push a agenda. I would like to work with similar people to help myself and others do better this time around.

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0ym9x5ag7ury2Permalink Reply by 0ym9x5ag7ury2 on July 6, 2014 at 2:06pm

Jason,

     To "Do Better", start with the lease contract we used in Columbiana County Ohio as part of a landowners group called ALOV (Associated Land Owners Of The Ohio Valley).  The contract is the last PDF file on the below ALOV website.  It's labeled: SURE Lease March 2012

Oil and Gas companies hate it. 

Make sure you don't cash any checks from the company you have a lease with and ask them to put a release in Records Dept of the court houses your land is in after your primary term ends. Lease holders hate to let them go, so be careful.

http://www.alov.us/

Good Luck Jason.

Permalink Reply by jason irvine on July 7, 2014 at 12:47am
Thank you so much for the info
Permalink Reply by Zack Jameson on July 7, 2014 at 1:48am

Why have royalty percentages been "historically" so much lower in counties such as Wetzel and Tyler counties, as opposed to Marshall and Ohio counties or Belmont and Harrison Counties in Ohio?

Permalink Reply by jason irvine on July 7, 2014 at 2:50am
Good question. I guess we are just a little slower down here. Lol. Kidding aside. We were real early in the game so the knowledge wasn't there. Back then I could spell Marcellus let alone know much about it. We got offered a lot of money for something we new little about. I will not make that mistake again!!!!!
Permalink Reply by George M Downing on July 10, 2014 at 12:51am

If an oil company is paying  royalties to a land owner for wells drilled to the Marcellus and later decides to use the same pad to drill to the Utica, and assuming gas and oil is found, does the land owner recieve the same percent of royalties

Permalink Reply by Jelso on July 10, 2014 at 7:55am

As long as your lease covers both formations, the same lease terms (including royalty) will be in effect

Permalink Reply by jason irvine on July 10, 2014 at 1:23am
The operator cannot drill more layers then they leased. They would also owe for royalties.
Permalink Reply by George M Downing on July 10, 2014 at 1:04pm

Thanks for the info.

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