Must Read: A Fox in Sheep's Clothing Creeps West Toward Ohio

Mike Knapp gives a heads up to Ohio on what to expect when Josh Fox comes to town.
http://eidmarcellus.org/marcellus-shale/a-fox-in-sheeps-clothing-cr...

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Permalink Reply by Moe on May 30, 2012 at 7:19am

I know plenty of guys in eastern Ohio who, if confronted by Josh Fox, will likely be more than happy to guide him on a tour of the local woods, from which he would either return in a different form or not at all.

Permalink Reply by Chris Farabaugh on May 30, 2012 at 12:06pm

Interesting, as close as that is to us im surpised never heard about that indicent.  Definately explains why security is so fussy at the site where the well is on our property. 

On another note, its amazing how neighbors arent nearly as friendly once the site prep and drilling starts.  

 

Permalink Reply by Frank Walker on May 30, 2012 at 8:42am

Well, he's a real creep.  We certainly can agree on that!!

Permalink Reply by Billy Park Whyde on May 30, 2012 at 8:50am

Hasn't anyone offered Josh Fox a water sample survey filming where Deliverance was filmed yet? 

Permalink Reply by Anne Carto on May 31, 2012 at 10:51am

Here in Ohio we are ready to take him on with the facts!

Permalink Reply by David Perotto on May 31, 2012 at 12:32pm

William,

You are still here? I thought you disappeared.

Permalink Reply by Jack Straw on June 1, 2012 at 9:32am

RE: "I have all documents to prove the mortgaging of the leases everywhere here ,schools,community buildings,cemeteries ,landowners,you name it they mortgaged it to Well Fargo Energy of Texas"

 

Where is your "proof", or did Jeff's dog eat it?

 

JS

Permalink Reply by Jack Straw on June 1, 2012 at 12:59pm

If you have the document, it should be able to redact your name and address and post a scanned copy.

 

JS

Permalink Reply by Jack Straw on June 2, 2012 at 4:32am

 

Unless you are "Abarta Oil & Gas Co. Inc." there does not appear to be any Mortgage on your land (other than mortgage(s) you might have chosen to sign).

It appears that you currently have leased your O&G rights.

If a company that has O & G leases chooses to offer those leases as collateral for a loan, should they default on that loan, the leases will simply change hands.

Should  Abarta Oil & Gas Co. Inc. default on a loan for which they pledged their leases as collateral, you lose nothing. You cannot lose something that you do not own.

All that could change is the entity that holds that lease – a lease that doubtless has an Assignment Clause.

I am not sure whether you are delusional, paranoid, schizophrenic, intoxicated, high or just plain stupid (or some combination of the aforementioned); but your claims have no basis in reality.

I would go back to the Attorney who you had review you lease before signing and have him/her explain matters to you.

 

JS

 

015334grltd9mPermalink Reply by 015334grltd9m on June 2, 2012 at 5:20am

Aaahhh....Mr. William, can you kindly explain your terms on this mortgage encumbrance secured by your land, how much did you sign a note for and what interest did you get?  Is it amortized for 15 to 20 years, and does it have a balloon?  Aaaahhhh...did you have to qualify for this debt and what are your monthly payments?  I too, may have some dumb energy company slipping in a mortgage on my land and I think we need to call the POLICE!

Permalink Reply by Moe on June 2, 2012 at 12:56pm

William,

I think you are confusing a mortgage on the land with and encumbrance on the lease. Their mortgage is attached to the lease and they should have a right to do that . After all, they do not own the land and cannot, therefore, place an encumbrance upon it. They do, however own the lease and they can do as they please with that, as long as it does not impact your mortgage, which it should not.

Where I live, in New Mexico, virtually no one owns the mineral rights under the surface land they own. It does not pose any problems for mortgages here, so I don't see why it would there. I think the banks there are just not used to having a split estate as much of the West does.

Permalink Reply by Billy Park Whyde on June 1, 2012 at 1:24pm

William I like the others here would like to know.

 How in the H does anyone take out a mortgage upon property they do not own? I mean like we need to take out a few mortgages to buy each others property as a group then split the US with that money!

  As far as assigning those that have been in GOMS for a while use the term reassign which is completely legal unless lease language would prohibit it.   

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