Landowners willing to sign anything now? - GoMarcellusShale.com2024-03-28T18:16:18Zhttps://gomarcellusshale.com/forum/topics/landowners-willing-to-sign-anything-now?groupUrl=Belmont&commentId=2274639%3AComment%3A268826&groupId=2274639%3AGroup%3A80433&feed=yes&xn_auth=noJust $1000 a year total. The…tag:gomarcellusshale.com,2012-04-13:2274639:Comment:2710132012-04-13T14:05:10.775ZPhilip Brutzhttps://gomarcellusshale.com/profile/PhilipBrutz
<p>Just $1000 a year total. They also could convert my land into gas storage anytime that they wanted. This was a CHK boiler plate lease from last May. Back then they were offering $1500 an acre 12.5% net for my 82 acres. Which sounded pretty good until I read the lease. I am guessing that many people signed these leases with out realizing what they were signing away. I am very happy that I joined the KWG&D landowners group.</p>
<p>Just $1000 a year total. They also could convert my land into gas storage anytime that they wanted. This was a CHK boiler plate lease from last May. Back then they were offering $1500 an acre 12.5% net for my 82 acres. Which sounded pretty good until I read the lease. I am guessing that many people signed these leases with out realizing what they were signing away. I am very happy that I joined the KWG&D landowners group.</p> Philip,
Did the lease offer a…tag:gomarcellusshale.com,2012-04-13:2274639:Comment:2706922012-04-13T13:11:59.959ZDanhttps://gomarcellusshale.com/profile/Dang
<p>Philip,</p>
<p>Did the lease offer a dollar amount for each barrel injected or just the $1000. I have heard that the injection well is metered and that landowners have been offered a price / barrel going into the well. Isn't the foot print small for this type of well not considering the transfer area? The traffic would be never ending, it would be insane to lease for only $1000. </p>
<p>Philip,</p>
<p>Did the lease offer a dollar amount for each barrel injected or just the $1000. I have heard that the injection well is metered and that landowners have been offered a price / barrel going into the well. Isn't the foot print small for this type of well not considering the transfer area? The traffic would be never ending, it would be insane to lease for only $1000. </p> Thank ya Finnbeartag:gomarcellusshale.com,2012-04-11:2274639:Comment:2690542012-04-11T18:22:49.685ZBilly Park Whydehttps://gomarcellusshale.com/profile/BillyParkWhyde
<p>Thank ya Finnbear</p>
<p>Thank ya Finnbear</p> Well Spacing per OACtag:gomarcellusshale.com,2012-04-11:2274639:Comment:2689892012-04-11T18:05:57.988ZFinnbearhttps://gomarcellusshale.com/profile/Finnbear
<p>Well Spacing per OAC</p>
<p>Well Spacing per OAC</p> Ohio is currently at 400' for…tag:gomarcellusshale.com,2012-04-11:2274639:Comment:2691202012-04-11T17:36:27.658ZBilly Park Whydehttps://gomarcellusshale.com/profile/BillyParkWhyde
<p>Ohio is currently at 400' for a vertical well to the depth of a Utica from property lines. A horizontal is at 500' I believe. However greedy a O&G may be I would think that they would avoid a encroachment by voluntarily extending that boundary. Errors could be way to costly.</p>
<p>Ohio is currently at 400' for a vertical well to the depth of a Utica from property lines. A horizontal is at 500' I believe. However greedy a O&G may be I would think that they would avoid a encroachment by voluntarily extending that boundary. Errors could be way to costly.</p> deron - I agree that one shou…tag:gomarcellusshale.com,2012-04-11:2274639:Comment:2690292012-04-11T17:08:24.651ZR. Easthttps://gomarcellusshale.com/profile/RogerNelson
<p>deron - I agree that one shouldn't sign without a good lease, however, It appears that I am not in the same financial situation as you are. 5,300 and 20% is a heck of a lot of money too me. In my case, the bonus alone would be a tad over one million dollars! There is no way I would risk losing that amount of money!</p>
<p>I am not sure what the law is in OH regarding set back limits, however, I do know in PA that they can drill with 330' feet of a boundry line and even closer at shallow…</p>
<p>deron - I agree that one shouldn't sign without a good lease, however, It appears that I am not in the same financial situation as you are. 5,300 and 20% is a heck of a lot of money too me. In my case, the bonus alone would be a tad over one million dollars! There is no way I would risk losing that amount of money!</p>
<p>I am not sure what the law is in OH regarding set back limits, however, I do know in PA that they can drill with 330' feet of a boundry line and even closer at shallow depths. I have seen where "holdouts" have had wells drilled along their property lines and have lost out on the bonus money and royalties. The did in fact, as you mentioned above, come back around and fill in the last remaining acres, however, they actually offered less bonus because they had the ability to work around you.</p>
<p>Good luck..I hope the hold out tactic works for you..</p> R. East your message is somew…tag:gomarcellusshale.com,2012-04-11:2274639:Comment:2687462012-04-11T14:49:05.829ZBilly Park Whydehttps://gomarcellusshale.com/profile/BillyParkWhyde
<p>R. East your message is somewhat distorted. You post doom and gloom"<span>Personally, I think the "greed" factor has taken over many and, some landowners will wait to long and end up backed in a corner and either have to sign or, be left out of a unit. If you're an "island" you've lost all negotiating power. " "<span> In the very near future we will see what the holdouts in PA have seen. If you hold out too long you will lose your negotiatiing power and they can, and will, drill around you.…</span></span></p>
<p>R. East your message is somewhat distorted. You post doom and gloom"<span>Personally, I think the "greed" factor has taken over many and, some landowners will wait to long and end up backed in a corner and either have to sign or, be left out of a unit. If you're an "island" you've lost all negotiating power. " "<span> In the very near future we will see what the holdouts in PA have seen. If you hold out too long you will lose your negotiatiing power and they can, and will, drill around you. Timing is everything..."</span></span></p>
<p><span><span>O see where you get what you wanted in a lease "<span>The company we are leasing with has given us language in the lease that we all fill comfortable with. Good luck all....and dont get too greedy...........there are many many instances in the Marcellus of landowners waiting toooooo long to lease."</span></span></span></p>
<p><span><span><span> What I did not see however was any mention of holding out for a decent lease. Your acceptance of a lease does not mean your lease may be suitable for others. We all have specifics to what we want in a lease. "<span> I was not suggesting you execute anything they throw in front of you." But can you show me where you advocated for a landowner to hold out for that decent lease? </span></span></span></span></p>
<p><span><span><span><span> Your negativity of doom and gloom using the same words drilled around has been labeled as "scare tatics" you'll have to excuse my perception of of your choice of words or lack of, Thank you Billy</span></span></span></span></p> Give me a break Billy. If tha…tag:gomarcellusshale.com,2012-04-11:2274639:Comment:2688262012-04-11T14:14:12.995ZR. Easthttps://gomarcellusshale.com/profile/RogerNelson
<p>Give me a break Billy. If that is all you got from my post, put your glasses on and read it realllllly slow! I was not suggesting you execute anything they throw in front of you.</p>
<p> </p>
<p>Give me a break Billy. If that is all you got from my post, put your glasses on and read it realllllly slow! I was not suggesting you execute anything they throw in front of you.</p>
<p> </p> A fine example of why we as…tag:gomarcellusshale.com,2012-04-11:2274639:Comment:2688222012-04-11T13:57:04.561ZBilly Park Whydehttps://gomarcellusshale.com/profile/BillyParkWhyde
<p> A fine example of why we as landowners should be concerned more about what the lease is than "They will drill around me"</p>
<p> A fine example of why we as landowners should be concerned more about what the lease is than "They will drill around me"</p> This was in the CHK lease tha…tag:gomarcellusshale.com,2012-04-11:2274639:Comment:2687262012-04-11T13:43:01.744ZPhilip Brutzhttps://gomarcellusshale.com/profile/PhilipBrutz
<p>This was in the CHK lease that they wanted me to sign:</p>
<p><strong>The right to drill injection wells to dispose of "brine, completion and production fluids, waste water and any hydrocarbon related substances from any source, including, but not limited to wells on the Leasehold or lands pooled or unitized therewith or from properties and lands outside the Leasehold or pooled or unitized therewith, and to conduct all operations as may be required, for so long as necessary and required by…</strong></p>
<p>This was in the CHK lease that they wanted me to sign:</p>
<p><strong>The right to drill injection wells to dispose of "brine, completion and production fluids, waste water and any hydrocarbon related substances from any source, including, but not limited to wells on the Leasehold or lands pooled or unitized therewith or from properties and lands outside the Leasehold or pooled or unitized therewith, and to conduct all operations as may be required, for so long as necessary and required by Lessee for purposes as herein provided."</strong></p>
<p>All for the sum of $1000 per year total, not per acre per year.</p>