Is anybody noticing the deductions by Encinco. In addition to some taxes they are now deducting for “production costs”. When asked she said all leases are being reviewed and after that, the deductions would be refunded if they weren’t to deduct them. Said it would take months before they are done. Mine amounted to almost 1/3 of gross. 

Wonder if this is their way of getting cash and then will pay back months later. I didn’t notice it until now as they didn’t get the online owner info working until now. Waiting for June’s report but sounds like they are going to keep up the deductions until they finish review of all leases.

Is there anything we can do

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Let's take a look at current and future Royalties of Landowners who's land is under production today.

Because no one that is honest knows the actual volumes of Well Products taken or the final sales prices that the Royalties will be based on, plus Our share of investment in derivatives if that should be allowed to continue, make the numbers below only a fraction of Your actual Royalties, when the Truth is known. Realizing the amounts will be lower than actual, I'll do some "very low estimates" of annual O&G income.

Today:

The Jefferson County Elderly Landowner has 40 acres, but only 0.5 acres are claimed to be under production. Without looking up the size of the Unit, I'll assign a typical sized Unit of 550 acres.

Since at one time Ohio, WV and PA had a rule that Landowners must recieve a minimum of a 12% royalty, I'll assign a 12% No Deduction Royalty. Notice that all of those Oil & Gas company leases signed used 12% as a minimum Royalty but then they applied the Biblical Theft to reduce the Royalties to nothing. I'm sure many are no longer being paid a Royalty today.

Assuming that each Well makes a minimum of $13,000,000 per Year, which is the figure from 2013 when an O&G Magazine stated that a Well Costs $13 Million to drill but is paid for in less than a year (remember that cost dropped to < $9 Million a few years later) we can calculate a typical expected minimum annual income of the Jefferson County Landowner.

Landowner Annual O&G Income = Well Annual Income x Landowner Acres in the Unit / Unit Acres x Royalty

Annual Income = $13,000,000 x 0.5 acres / 550 acres x 0.12

Annual Income = $13,000,000 x 0.000109 ownership number

Annual Income = $1,418

Tomorrow:

For each Unit under production, there will have to be a review to determine actual Landowner Acres under production, since too many Landowners today have less than an acre under production. This can't be, since in some areas all acres are under production.

Let's update this Landowner to 40 acres under production since eventually all acres will be drained by wells.

Landowner Ownership Number = 40 acres / 550 acres x 0.12 = 0.00872

Landowner Minimum estimated Annual Income = $13,000,000 x 0.00872 = $113,454

Todays governments would argue that We can't allow average US Citizens to have this kind of money, they wouldn't know how to spend it. When was the last time You felt that Your Tax dollars were spent wisely by any government. It doesn't happen.

Actually the governments of today would be sued into submission by We The People if We were allowed to be paid fairly.

In the World that is soon to come that is Free Of All Corruption, per The Plan, We The People must be allowed to be paid exactly what is due. No one has the right to limit a US Citizens income when they sell their belongings, including minerals. If O&G companies have this priviledge then every US Citizen would have to be limited, such as for the sale of a vehicle, a farm, or a house, otherwise this would be a form of Corruption..

The money we make will be taxed differently than if we recieved the money today, but no matter how we are taxed, Tax Coffers will be overflowing at every level of government, County, State and Federal. There will be no illegal Real Estate Taxes, and without todays corruption the Tax money will go much further.

Spend some time thinking about Your "Fortune to Come", How will You use it to improve Our lives? Nations are judged on how they treat their domesticated animals, so don't forget to consider funding the No Kill animal shelters in case they don't get unlimited funding from overflowing tax coffers.

Be sure to keep an eye on how are you going to avoid the evil of the Love Of Money and the Greed that can destroy individuals and a Nation. Those who have won the lottery in the past can provide examples of how not to spend Your Fortune.

Pray for Our President, Our Military and the NSA who will end Corruption and worse in Our Nation.

All information presented below is accurate and correct. It is Conspiracy Fact that all will eventually know. Oil & Gas is only a part of what I have learned & know to be True.

SerialBrain2: Trump's Big Victories at the G7 – Part 1: The Battlefield and the Weapons.

https://www.youtube.com/watch?v=-3aAnD3Oij8

Can't even begin to explain how ignorant this thought process is..  

1) Wells decline, therefore regardless of commodity price, annual income will never be flat.

2) In 2013, wells were being drilled between 5-7500 ft. So that inherently says well costs were closer to 1500-2000 per ft vs being around $1000/ft or lower now.

3) In 2013, gas prices were $3.50-4.00 plus so wells paid out a little sooner. Today we are less than $2.50 NYMEX which means local gas prices are closer to $2.00. All things equal, this means wells take twice as long to payout as they did before (oversimplication). 

4) REVENUE BECOMES LESS AND LESS THROUGH TIME! ITS SIMPLE DEPRECIATION OF AN ASSET. Wells don't gain value through time, they lose value. 

Used to really enjoy coming on this website and having meaningful discussions/listening to landowners of the region. 

Wow....you need to start getting the real red pills.  Those generic ones have really screwed up your head.   

I actually feel really bad for anyone at Encino who is unlucky enough to pick up the phone when nutso Ron calls.

But back to the topic at hand - I have some royalties that switched over from CHK to Encino.  CHK did not pay on a monthly basis, but Encino does.  So the checks are smaller, but they seem to add up to roughly the same amount that I was getting from CHK.  Now, I'm not saying that either one of them is paying me a totally honest royalty, but that's been my experience with Encino so far.

I have been following GMS for over 10+ years now and always was happy for the advice & insights into what was happening within the gas industry here in PA, Ohio & WV.  There were the Chesapeake issues in NE PA that were disturbing to learn about but I believe have been resolved.   What I`m reading about now for gas companies in Ohio is disturbing to read, particularly the idea of organized conspiracies being advanced by posters for these gas companies.   I`m a landowner located in Central PA and I`m not aware of these same business practices here by major gas companies like EQT, CNX, Chevron or XTO.  Even smaller gas companies like H&H or Apex aren`t being criticized like the ones in Ohio.   If these companies are engaging in fraudulent behavior why hasn`t legal action been taken against them?   It would seem the Ohio State attorney general would be involved if fraud was being perpetrated against Ohio citizens.   

 

Couldn't imagine having to deal with a guy who believes conspiracy THEORIES that he finds out about on youtube lol 2019 the world we live in today where people believe everything they find on the internet.

Is there any way to block Ron Hale so we don't have to see is off the wall posts that don't contribute anything worthwhile to this forum?

No they won’t let ya block anyone I mentioned that awhile back with a treehugger and his rhetoric, the answer I got was no GMS allows anyone with any mention, suggestion, or U tube crap concerning gas and apparently religion too???????????

There was a time, here on GMS, that BS had to be posted in the opinion discussions area.  (Don’t know if there is an opinion section now). If not the discussion was moved or deleted.  Some members were banned.  Selling services was also frowned upon.    It’s a shame that nuts can take over a thread now.  Posts are scarce now a days and nuts scare many from posting.  The sad thing is, if Ron has a subsidized phone with internet, our tax dollars are paying for him to ruin a good thing.  He was missing from GMS for a few years.  Could be he spent that time with his eyelids pinned open watching U tube, or he might have been housed somewhere, as he says courtesy of the govt (again our tax dollars).  Felons have free internet.....where could he have been?  I’m guessing mental facilities don’t have internet access.  

Philippines
Looking for his mail order bride is what we heard

I suggest that You folks call Your home offices and ask the legal department to check the status of the 110,000 Sealed Federal Indictments in  PACER.

You'll find a large number of Indictments have been opened for Florida and the STORM is moving West.

This is the Storm that Our President is Tracking, not the Hurricane. 

Get a good laugh from the Fake News that think Our President is tracking the Hurricane. Fake News is included in the Round Up. 

Ohio, WV, and PA will be freed of Corruption soon. This is Good News for Landowners, but not so good for O&G company executives.

If You have ever had someone steal from You, which we have all experienced, imagine being stolen from every month since 2005.  That's what US Landowners have had to deal with.

Our loss wasn't Your Gain, Your employers kept it all. Being free of Corruption could cause each of You to get a much needed pay raise for having to violate Your personal code of ethics in order to protect Your employers greed.

LLC Members have been stuffing their bank accounts for Years. I have the procedures they are using, along with 3,000 documents that will put Your taskmasters in prison. 

The NSA has all of my emails in the Hammer Super Computer. You can't stop what is about to happen. Corruption will no longer be a way of life in the Oil and Gas Industry.

That my Friends is Conspiracy Fact, brought to You by Q, Our President, Our Military and the NSA.

.

.

Holy cow!!!!

Wonder if anyone ever listens to him.

And if so, how long it is until they decide to watch the show, put their feet up, open a beer, and pop some popcorn. It’s like a daily comedy show, or soap opera...

don’t worry about facts, because they get in the way of a good story...

Until tomorrow’s installment, of As Ron’a World Turns. (Btw are there still soap operas on tv these days?)

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