HELP- new renewal Range Resource lease offered - GoMarcellusShale.com2024-03-29T12:09:16Zhttps://gomarcellusshale.com/forum/topics/help-new-renewal-range-resource-lease-offered?commentId=2274639%3AComment%3A671789&feed=yes&xn_auth=noare those net leases or gross…tag:gomarcellusshale.com,2015-05-05:2274639:Comment:6746262015-05-05T05:34:37.822ZJeffrey Beunierhttps://gomarcellusshale.com/profile/JeffreyBeunier
<p>are those net leases or gross lease or market enhancements?</p>
<p>are those net leases or gross lease or market enhancements?</p> wow Kay now I am concerned...…tag:gomarcellusshale.com,2015-05-03:2274639:Comment:6741482015-05-03T01:12:12.384ZA. Betzhttps://gomarcellusshale.com/profile/TerriBetts
<p>wow Kay now I am concerned...can I message you privately??</p>
<p>wow Kay now I am concerned...can I message you privately??</p> Be careful. We signed a leas…tag:gomarcellusshale.com,2015-05-01:2274639:Comment:6742182015-05-01T17:39:01.495ZKAYhttps://gomarcellusshale.com/profile/KAY459
<p>Be careful. We signed a lease for a yearly payout over 5 years. Range paid 2 years and then stopped paying. Hired a new attorney and he said not only can they do this, our cancellation language was bad. We have to ask Range to let us out of the lease. Big mess. Would never sign this way again. Had an attorney who we thought was knowledgeable and had worked for Range. Didn't go in our favor.</p>
<p>Be careful. We signed a lease for a yearly payout over 5 years. Range paid 2 years and then stopped paying. Hired a new attorney and he said not only can they do this, our cancellation language was bad. We have to ask Range to let us out of the lease. Big mess. Would never sign this way again. Had an attorney who we thought was knowledgeable and had worked for Range. Didn't go in our favor.</p> Todd-
I wanted to message you…tag:gomarcellusshale.com,2015-04-26:2274639:Comment:6733232015-04-26T20:07:05.213ZA. Betzhttps://gomarcellusshale.com/profile/TerriBetts
<p>Todd-</p>
<p>I wanted to message you privately concerning a question concerning lease...would that be ok?</p>
<p>Todd-</p>
<p>I wanted to message you privately concerning a question concerning lease...would that be ok?</p> What any company claims vs. w…tag:gomarcellusshale.com,2015-04-21:2274639:Comment:6726282015-04-21T14:52:29.106ZJanice L. Hancharickhttps://gomarcellusshale.com/profile/JaniceLHancharick
<p>What any company claims vs. what IS is<span style="text-decoration: underline;"> not always the same thing.</span> Re-read that statement several times! Is Range in business to do YOU a favor or themselves? Part of what Range stated sounds totally believable. It, like many other E&P firms ARE cash poor and land rich. (Farmers live in a world just like that!) Yet Range wants to expand the holdings. The analysts involved have undoubtedly noted that rig count decline has all but come…</p>
<p>What any company claims vs. what IS is<span style="text-decoration: underline;"> not always the same thing.</span> Re-read that statement several times! Is Range in business to do YOU a favor or themselves? Part of what Range stated sounds totally believable. It, like many other E&P firms ARE cash poor and land rich. (Farmers live in a world just like that!) Yet Range wants to expand the holdings. The analysts involved have undoubtedly noted that rig count decline has all but come to a halt. The Marcellus down only 1%, the Utica @ -7%. Companies are trying to work within their budgets, but it appears Range is trying to s-t-r-e-t-c-h for a bigger piece of the pie.</p>
<p>Fancy verbage to get owners to sign has something sinister waiting in the wings. Infrastructure in place or not ... yes the product must get to market, but due to the glut there is no market to take it to! The best markets exist overseas, yet darned few U.S. ports are set up to handle our gas or oil. Call that politics!</p>
<p>Range knows what it's doing by signing up area lawyers to work for them, and you're totally correct in pointing out "conflict of interest". I ran into that w/my 4-County Group when Marcellus first hit the news a few years back. No REAL O&G attorneys were available for landowners, let alone a large Group. With considerable directions from professionals fully versed on all manner of O&G's ever-changing world, the group set it's own agenda and chose the CX Energy people to represent us @ the bargaining table. Pricey? NO. Solid? YES! Experienced? YES!</p>
<p>You and your neighbors have so much to be cautious about. Range is likely drooling to set the timeframe for all this to happen. It's your play-yard. Do your own thing ... no hurry regardless of what you're being told.</p>
<p>Neighbors helping neighbors is a great way to show Range you're all interested in leasing, but not their terms. Good luck! </p> mornin folks
tim tarr is rig…tag:gomarcellusshale.com,2015-04-21:2274639:Comment:6723702015-04-21T12:04:09.083Zmarkhttps://gomarcellusshale.com/profile/mark20
<p>mornin folks</p>
<p> tim tarr is right no surface is the way to go that "pesky" granting clause in the oil and gas lease can give them leverage (surface lease) can let them get there foot in the door and they could use it as leverage if they will only offer a surface lease the addenda "pipelines negotiated seperately from oil and gas lease" will help best of luck</p>
<p>mornin folks</p>
<p> tim tarr is right no surface is the way to go that "pesky" granting clause in the oil and gas lease can give them leverage (surface lease) can let them get there foot in the door and they could use it as leverage if they will only offer a surface lease the addenda "pipelines negotiated seperately from oil and gas lease" will help best of luck</p> You need a "no surface Rights…tag:gomarcellusshale.com,2015-04-21:2274639:Comment:6723642015-04-21T04:55:58.699ZTim Tarrhttps://gomarcellusshale.com/profile/TimothyTarr
<p>You need a "no surface Rights" clause for Maximum leverage.</p>
<p>A "no foreign gas" clause in your lease will give you some leverage on "Foreign" gas pipelines. That is pipelines that carry gas not from your unit.</p>
<p>These O&G companies have many "Implied Rights" When you put your "John Henry" on the line next to that check mark. Than that wording in the Lease is difficult enough to comprehend let alone those Implied rights. Even O&G Lawyers are sometimes overwhelmed.</p>
<p>You need a "no surface Rights" clause for Maximum leverage.</p>
<p>A "no foreign gas" clause in your lease will give you some leverage on "Foreign" gas pipelines. That is pipelines that carry gas not from your unit.</p>
<p>These O&G companies have many "Implied Rights" When you put your "John Henry" on the line next to that check mark. Than that wording in the Lease is difficult enough to comprehend let alone those Implied rights. Even O&G Lawyers are sometimes overwhelmed.</p> i think a ROW agreement and a…tag:gomarcellusshale.com,2015-04-20:2274639:Comment:6720832015-04-20T04:32:59.293ZMike Murphyhttps://gomarcellusshale.com/xn/detail/u_25tdvsf650mjn
<p>i think a ROW agreement and a mineral lease are 2 different contracts and dont see how you could use one for leverage in another </p>
<p></p>
<p>i think a ROW agreement and a mineral lease are 2 different contracts and dont see how you could use one for leverage in another </p>
<p></p> dear terri, our lease is up f…tag:gomarcellusshale.com,2015-04-19:2274639:Comment:6722552015-04-19T16:51:12.921Zkithttps://gomarcellusshale.com/profile/Pat57
<p>dear terri, our lease is up for renewel in may and statiol is paying us the same amount they did 5 years ago! We are not held by production. We found out our lawyer who reviewed the lease 5 years didnt really know what he was doing. So i think were screwed. It says on our lease statiol has right to renew, but I am going back and forth with diff answers from ppl on here on what to do. My lawyer {diff attorney of course} charges 200 bucks to review lease. I dont know if i have a chance to…</p>
<p>dear terri, our lease is up for renewel in may and statiol is paying us the same amount they did 5 years ago! We are not held by production. We found out our lawyer who reviewed the lease 5 years didnt really know what he was doing. So i think were screwed. It says on our lease statiol has right to renew, but I am going back and forth with diff answers from ppl on here on what to do. My lawyer {diff attorney of course} charges 200 bucks to review lease. I dont know if i have a chance to renegoitate or not. Also statoil is wanted me to sign a rightaway agreement for pipeline now and I didnt know if I had leverage or not to use this or not to get a bigger amount on renewl.</p>
<p>thanks</p> You're quite welcome Terri.
G…tag:gomarcellusshale.com,2015-04-18:2274639:Comment:6719752015-04-18T22:34:55.233ZToddhttps://gomarcellusshale.com/profile/ToddSmith
You're quite welcome Terri.<br />
Good Luck with everything!
You're quite welcome Terri.<br />
Good Luck with everything!