Beware of the land man's creative math!!! - GoMarcellusShale.com2024-03-28T21:26:44Zhttps://gomarcellusshale.com/forum/topics/beware-of-the-land-man-s-creative-math?groupUrl=pleasants-county&feed=yes&xn_auth=noMaybe a good offer to you!! Y…tag:gomarcellusshale.com,2015-11-07:2274639:Comment:7044782015-11-07T22:44:33.875ZTerry Masonhttps://gomarcellusshale.com/profile/TerryMason
<p>Maybe a good offer to you!! You can have it!! I told the land man a flat "No". they decided to not drill on my property. I know of only one heir in my line that signed.</p>
<p>Maybe a good offer to you!! You can have it!! I told the land man a flat "No". they decided to not drill on my property. I know of only one heir in my line that signed.</p> $2,000 an acre signing bonus…tag:gomarcellusshale.com,2015-11-07:2274639:Comment:7044752015-11-07T22:40:53.357ZWilliam Dotsonhttps://gomarcellusshale.com/profile/WilliamDotson
<p>$2,000 an acre signing bonus is a very good offer. And yes it is per net acre. However, they will usually go for a minimum of $500/lessee.</p>
<p></p>
<p>$2,000 an acre signing bonus is a very good offer. And yes it is per net acre. However, they will usually go for a minimum of $500/lessee.</p>
<p></p> Yes at $2000 an acre that is…tag:gomarcellusshale.com,2015-05-18:2274639:Comment:6762092015-05-18T01:56:31.378ZNancy Mosleyhttps://gomarcellusshale.com/profile/NancyMosley
<p>Yes at $2000 an acre that is not a good offer no matter how many acres.</p>
<p>Yes at $2000 an acre that is not a good offer no matter how many acres.</p> Thanks to all who have replie…tag:gomarcellusshale.com,2015-05-18:2274639:Comment:6765192015-05-18T01:42:57.306ZTerry Masonhttps://gomarcellusshale.com/profile/TerryMason
<p>Thanks to all who have replied. I just have a problem allowing heirs in my line all 11, to sign a lease agreement for 5 acres and get paid for only one acre. If the landman isn't ready to make a fair offer, then just leave us alone. I am just advising everyone this is how BB Land operates, beware of what you sign!! I can afford to wait for a fair offer.</p>
<p>Thanks to all who have replied. I just have a problem allowing heirs in my line all 11, to sign a lease agreement for 5 acres and get paid for only one acre. If the landman isn't ready to make a fair offer, then just leave us alone. I am just advising everyone this is how BB Land operates, beware of what you sign!! I can afford to wait for a fair offer.</p> Sounds like your grandfather…tag:gomarcellusshale.com,2015-05-18:2274639:Comment:6762062015-05-18T01:29:48.048ZNancy Mosleyhttps://gomarcellusshale.com/profile/NancyMosley
<p>Sounds like your grandfather and his sister had an aunt (the one whose heir gets the $2000, or 1/5 interest). Your grandfather and his sister share a 1/5 interest, another $2000.</p>
<p>Sounds like your great great grandparents (the parents of your grandfather and aunt's parent, and of that great great aunt) must also have 3 more children, and it is that interest that you have not been told about.</p>
<p>You could ask the landman about it. It has to go somewhere.</p>
<p>Sounds like your grandfather and his sister had an aunt (the one whose heir gets the $2000, or 1/5 interest). Your grandfather and his sister share a 1/5 interest, another $2000.</p>
<p>Sounds like your great great grandparents (the parents of your grandfather and aunt's parent, and of that great great aunt) must also have 3 more children, and it is that interest that you have not been told about.</p>
<p>You could ask the landman about it. It has to go somewhere.</p> Remember - everyone has an he…tag:gomarcellusshale.com,2015-05-18:2274639:Comment:6763702015-05-18T01:25:26.226ZJack Younghttps://gomarcellusshale.com/profile/JackYoung
<p>Remember - everyone has an heir. If you leave no direct descendants your share goes to others in the family, assuming there's no will. If there is a will, then anything can happen. Property titles don't follow bloodlines automatically. Until you look at every will from your great-grandparents on down, you can't really be sure who ended up with what.</p>
<p>Remember - everyone has an heir. If you leave no direct descendants your share goes to others in the family, assuming there's no will. If there is a will, then anything can happen. Property titles don't follow bloodlines automatically. Until you look at every will from your great-grandparents on down, you can't really be sure who ended up with what.</p> Don't add to the info, there…tag:gomarcellusshale.com,2015-05-18:2274639:Comment:6762022015-05-18T01:11:17.500ZTerry Masonhttps://gomarcellusshale.com/profile/TerryMason
<p>Don't add to the info, there are no parents or grandparents alive. My great grandfather has 12 heirs alive. 4 in my line, 7 are cousins in my line. #12 is my great grandfathers daughters heir.</p>
<p>No parents or grandparents to worry about.</p>
<p>My grandfather had 5 kids, 3 died without any heirs, my mom has 2 heirs, me and my brother. My aunt has 2 heirs, my 2 cousins.</p>
<p>My grandfather's sister has the 7 heirs.</p>
<p>My great great aunt has one heir.</p>
<p>That is where I get…</p>
<p>Don't add to the info, there are no parents or grandparents alive. My great grandfather has 12 heirs alive. 4 in my line, 7 are cousins in my line. #12 is my great grandfathers daughters heir.</p>
<p>No parents or grandparents to worry about.</p>
<p>My grandfather had 5 kids, 3 died without any heirs, my mom has 2 heirs, me and my brother. My aunt has 2 heirs, my 2 cousins.</p>
<p>My grandfather's sister has the 7 heirs.</p>
<p>My great great aunt has one heir.</p>
<p>That is where I get only 12 heirs.</p> Let's say the great grandmoth…tag:gomarcellusshale.com,2015-05-18:2274639:Comment:6763652015-05-18T01:05:28.852ZNancy Mosleyhttps://gomarcellusshale.com/profile/NancyMosley
<p>Let's say the great grandmother had 5 children, A, B, C, D, and E. A had one child, who had only one child. That would be the one offered the $2000, for 1/5 (20%) interest of 5 acres, or 1 net acre.</p>
<p>B had 2 children, the parent of Mr. Mason and the aunt of Mr. Mason. Mr. Mason's parent had 4 children, and the aunt had 7. They all share 1/5 (20%) interest of 5 acres, or 1 net acre. Mr. Mason and his siblings each get 1/4 of half of that 1/5, or 1/40 of 5 acres or 1/8 or 0.125%, and the…</p>
<p>Let's say the great grandmother had 5 children, A, B, C, D, and E. A had one child, who had only one child. That would be the one offered the $2000, for 1/5 (20%) interest of 5 acres, or 1 net acre.</p>
<p>B had 2 children, the parent of Mr. Mason and the aunt of Mr. Mason. Mr. Mason's parent had 4 children, and the aunt had 7. They all share 1/5 (20%) interest of 5 acres, or 1 net acre. Mr. Mason and his siblings each get 1/4 of half of that 1/5, or 1/40 of 5 acres or 1/8 or 0.125%, and the aunt's 7 children share half of that 1/5, or for each 1/7 of 1/10, or 1/70 of 5 acres , 1/14 = 0.01429 or $143. So far the figures make sense.</p>
<p>Child C, D, and E we don't know about. Perhaps they are currently unlocatable, but the company plans to keep looking. Perhaps they died with no heirs and no wills. Probably that would mean that their 3/5 interest would be divided among the remaining heirs of A and B in a similar way. Or perhaps they died with no children but wills, and left everything to some charity. Or something. So there is not enough information to determine.</p>
<p>I think it is a fair question to ask the landman about those other 3 children, but there is not enough evidence to say that the known heirs are going to get more of this. It would be illegal for the company just to keep the 3/5 interest for itself, so they have to do something to figure this out.</p>
<p></p> OK it works like this
I'll as…tag:gomarcellusshale.com,2015-05-17:2274639:Comment:6761992015-05-17T23:58:28.266ZTim Tarrhttps://gomarcellusshale.com/profile/TimothyTarr
OK it works like this<br />
I'll assume it's grandparents that had full ownership and heirs got even amounts<br />
So Grandparents had 5 Kids and left each an equal amount.<br />
So that's 20% each. Now if your patents also had 5 heirs that's now 4%(20/5) for you. If your Aunt/uncle had only 2 heirs they would be 10% (20%/2)each. If you Aunt/Uncle had no heirs their 20% would go to remaing siblings. So 5% to your parents (1% for you) so you get total of 5%. (4%+1%) Your cousins with 1 sibling would get 12.5%…
OK it works like this<br />
I'll assume it's grandparents that had full ownership and heirs got even amounts<br />
So Grandparents had 5 Kids and left each an equal amount.<br />
So that's 20% each. Now if your patents also had 5 heirs that's now 4%(20/5) for you. If your Aunt/uncle had only 2 heirs they would be 10% (20%/2)each. If you Aunt/Uncle had no heirs their 20% would go to remaing siblings. So 5% to your parents (1% for you) so you get total of 5%. (4%+1%) Your cousins with 1 sibling would get 12.5% (10+(5/2)). Hope that helps.