My big drop in royalty check - GoMarcellusShale.com2024-03-28T10:09:42Zhttps://gomarcellusshale.com/forum/topics/my-big-drop-in-royalty-check?commentId=2274639%3AComment%3A726793&xg_source=activity&feed=yes&xn_auth=noLol, thats funny ..7000/acre…tag:gomarcellusshale.com,2016-04-15:2274639:Comment:7279992016-04-15T06:52:07.902ZGW3https://gomarcellusshale.com/profile/Garyweaver638
Lol, thats funny ..7000/acre to lease .. 8000/acre in total royalties in 10 months .. Based on your post I think u can do the math ..Ya teach me bout how money works ..oink oink
Lol, thats funny ..7000/acre to lease .. 8000/acre in total royalties in 10 months .. Based on your post I think u can do the math ..Ya teach me bout how money works ..oink oink I have to agree that 18k per…tag:gomarcellusshale.com,2016-04-15:2274639:Comment:7279942016-04-15T03:57:45.982ZG.H.https://gomarcellusshale.com/profile/GH930
<p>I have to agree that 18k per acre is a ton of money. And to not at least seriously consider that before declining is absurd. But I have always said on here that selling is not for everyone... and NOR is keeping the mineral rights. All depends on the specifics of your personal situation.</p>
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<p>I always thought selling part, maybe 50%, was an interesting option. Hedge your bets. I'm sure I will take flak from both proponents of selling and proponents of holding for making this…</p>
<p>I have to agree that 18k per acre is a ton of money. And to not at least seriously consider that before declining is absurd. But I have always said on here that selling is not for everyone... and NOR is keeping the mineral rights. All depends on the specifics of your personal situation.</p>
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<p>I always thought selling part, maybe 50%, was an interesting option. Hedge your bets. I'm sure I will take flak from both proponents of selling and proponents of holding for making this post haha.</p>
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<p>Gebralter, don't be so angry! You are right that 18k per acre is a ton of money, and you are right that a dollar today is worth more than a dollar tomorrow. But you don't have to call people idiots haha.</p> If you turned down 18k an acr…tag:gomarcellusshale.com,2016-04-15:2274639:Comment:7278992016-04-15T03:50:46.309Z1xc6tw2xj1fwlhttps://gomarcellusshale.com/xn/detail/u_1xc6tw2xj1fwl
<p>If you turned down 18k an acre you are an idiot. And the fact that you can say that on here is amazing to me. You obviously have no idea how money works but let me teach you this first, simple lesson - a dollar today is worth more than a dollar tomorrow. Let's say you have 100 acres x 18k = 1.8 million. 1.8million you f'ing moron. How long do you think it will take to receive 1.8 mil in royalties? Don't forget about half of it is going to the govt for taxes and who knows what you're…</p>
<p>If you turned down 18k an acre you are an idiot. And the fact that you can say that on here is amazing to me. You obviously have no idea how money works but let me teach you this first, simple lesson - a dollar today is worth more than a dollar tomorrow. Let's say you have 100 acres x 18k = 1.8 million. 1.8million you f'ing moron. How long do you think it will take to receive 1.8 mil in royalties? Don't forget about half of it is going to the govt for taxes and who knows what you're actually going to get once they take their "deductions" out. So you could've taken the 1.8 mil 2 years ago and invested it at say 10% return a year. Assuming that rate, you'd have close to 5 million after 10 years. I'll be my life you'll never see anywhere near that kind of money in royalties. Pigs get slaughtered, and you are a filthy pig.</p> Correct me if I'm wrong, but…tag:gomarcellusshale.com,2016-04-10:2274639:Comment:7271852016-04-10T15:13:24.639Zfrank speakerhttps://gomarcellusshale.com/profile/russfenster
<p>Correct me if I'm wrong, but non-disclosure is a condition of settlement which can be rejected by the plaintiffs who wish to pursue a just settlement on behalf of the public, and can continue the case to ultimate victory. Any one of these plaintiffs can also petition the judge to release documents in the public interest, especially after the defendants have been found guilty or made monetary compensation in case after case.</p>
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<p>Correct me if I'm wrong, but non-disclosure is a condition of settlement which can be rejected by the plaintiffs who wish to pursue a just settlement on behalf of the public, and can continue the case to ultimate victory. Any one of these plaintiffs can also petition the judge to release documents in the public interest, especially after the defendants have been found guilty or made monetary compensation in case after case.</p>
<p></p> Lawsuit settlements, by their…tag:gomarcellusshale.com,2016-04-10:2274639:Comment:7273342016-04-10T14:43:30.804ZINVICTUShttps://gomarcellusshale.com/profile/rstlun
<p>Lawsuit settlements, by their nature, are generally subject to non-disclosure language. Further, when interviewing with a variety of firms a lead plaintiff, it was made clear to me that the O/G producer would attempt direct contact with me (and other lead plaintiff's if there were any), and attempt a private settlement, thus undermining the entire plaintiff action.</p>
<p>Language within the attorney/client agreements for representation will generally bind the non-attorney plaintiff to some…</p>
<p>Lawsuit settlements, by their nature, are generally subject to non-disclosure language. Further, when interviewing with a variety of firms a lead plaintiff, it was made clear to me that the O/G producer would attempt direct contact with me (and other lead plaintiff's if there were any), and attempt a private settlement, thus undermining the entire plaintiff action.</p>
<p>Language within the attorney/client agreements for representation will generally bind the non-attorney plaintiff to some sort of "loyalty to the cause" language that tries to protect the entire action from this infiltration and disloyalty from occurring.</p>
<p>The bottom line is that any settlement will exclude any public disclosure of valuable information gathered in the course of the case's prosecution from being revealed to the next plaintiff (or the public), thus <span style="text-decoration: underline;"><em>settling the case.</em></span></p> The complaints that Ron and o…tag:gomarcellusshale.com,2016-04-10:2274639:Comment:7271812016-04-10T14:06:02.415Zfrank speakerhttps://gomarcellusshale.com/profile/russfenster
<p>The complaints that Ron and others have have been well described in the Pro Publica article which he has made available to all of us. Whether they will stand up in court or in arbitration is of course another question altogether, but for myself I am fairly convinced that the sales some companies make to their own subsidiaries and to companies in which they may have an ownership stake, are not arms length transactions, but are exercises in self dealing, shrouded in secrecy, onto which Ron has…</p>
<p>The complaints that Ron and others have have been well described in the Pro Publica article which he has made available to all of us. Whether they will stand up in court or in arbitration is of course another question altogether, but for myself I am fairly convinced that the sales some companies make to their own subsidiaries and to companies in which they may have an ownership stake, are not arms length transactions, but are exercises in self dealing, shrouded in secrecy, onto which Ron has thrown some light.</p>
<p>The more a person puts himself out in public and attempts to provide information, the more subject he is to criticism, but after spending a lot of effort complaining to various public officials, Ron is doing the right thing in taking this to the courts. You ask for proof, but proofs you want can only be revealed in the legal discovery process, which is going to take a long time to resolve. What we do know is that Chesapeake has been taken to court many times in many states, winning some battles and losing others. I hope that when these issues are finally settled the settlement won't be subject to a non-disclosure clause, so that we can all obtain the validation you wish for.</p>
<p></p> GW3, I am on Putney, first ho…tag:gomarcellusshale.com,2016-04-09:2274639:Comment:7273162016-04-09T23:35:51.847ZDavid Allen Lillyhttps://gomarcellusshale.com/profile/DavidAllenLilly
<p>GW3, I am on Putney, first house off of 513 towards the Fritz. The guy with the big white Suburban whose house is for sale.</p>
<p>I have been preaching patience and not just advising against selling mineral rights but also explaining how little you get and how much you give up. I have taken a lot of heat for this.</p>
<p>My interest soon will turn to the methodologies used to decipher royalty statements and addressing errors to the point of being paid what your lease says you should be…</p>
<p>GW3, I am on Putney, first house off of 513 towards the Fritz. The guy with the big white Suburban whose house is for sale.</p>
<p>I have been preaching patience and not just advising against selling mineral rights but also explaining how little you get and how much you give up. I have taken a lot of heat for this.</p>
<p>My interest soon will turn to the methodologies used to decipher royalty statements and addressing errors to the point of being paid what your lease says you should be paid. This will likely be done by us through either an oil and gas attorney or accountant specializing in oil and gas.</p>
<p>If you see me out please stop and talk to me, I would love to hear your story concerning the royalties you have been receiving and if you have been treated fairly or not.</p> I have 3 times requested of M…tag:gomarcellusshale.com,2016-04-09:2274639:Comment:7272522016-04-09T23:29:29.150ZDavid Allen Lillyhttps://gomarcellusshale.com/profile/DavidAllenLilly
<p>I have 3 times requested of Mr. Hale the very information you referenced, with as yet no date, time or place.</p>
<p>I have also twice offered to go to a contact I have at a major Ohio newspaper, one of the big 3, Mr. Hale wrote he that "he will write the story".</p>
<p>I feel for Mr. Hale but you have to admit it is quite odd the manner in which he behaves, even more so when you consider his total land size.</p>
<p>It is nothing personal, but, if you have a cause you have to sell your cause…</p>
<p>I have 3 times requested of Mr. Hale the very information you referenced, with as yet no date, time or place.</p>
<p>I have also twice offered to go to a contact I have at a major Ohio newspaper, one of the big 3, Mr. Hale wrote he that "he will write the story".</p>
<p>I feel for Mr. Hale but you have to admit it is quite odd the manner in which he behaves, even more so when you consider his total land size.</p>
<p>It is nothing personal, but, if you have a cause you have to sell your cause and Mr. Hale is a poor salesman. Too many times he passes of rumor, too many times he makes very broad assertions that he could not possibly prove.</p>
<p>He is his own worst enemy.</p>
<p>Ask yourself, is what Mr. Hale is doing working ? Perception is reality, why do so many others perceive him in such a negative light ?</p>
<p>Much of the story with Mr. Hale does not add up real well. I wish him well but he could do much better fronting his cause.</p> You can, if you seriously wis…tag:gomarcellusshale.com,2016-04-09:2274639:Comment:7270822016-04-09T18:52:51.966Zfrank speakerhttps://gomarcellusshale.com/profile/russfenster
<p>You can, if you seriously wish to, look up the case number of the court case, and find out the entire docket, possibly by just going online to the clerk's office. Or you might simply ask Ron. I see nothing creepy in his quest for justice. It is a little humorous though since he only has 2.5 acres, and somewhat ironic, since people with 100 acres or more seem fairly unconcerned with being possibly cheated out of hundreds of thousands of dollars, while the guy with so little at stake takes up…</p>
<p>You can, if you seriously wish to, look up the case number of the court case, and find out the entire docket, possibly by just going online to the clerk's office. Or you might simply ask Ron. I see nothing creepy in his quest for justice. It is a little humorous though since he only has 2.5 acres, and somewhat ironic, since people with 100 acres or more seem fairly unconcerned with being possibly cheated out of hundreds of thousands of dollars, while the guy with so little at stake takes up the cause. Must be a life lesson there somewhere.</p> The pipeline folks have reneg…tag:gomarcellusshale.com,2016-04-08:2274639:Comment:7269822016-04-08T21:43:52.282ZINVICTUShttps://gomarcellusshale.com/profile/rstlun
<p>The pipeline folks have renegotiated with CHK, I wonder if this was a reason, all of my royalties have been adjusted upwards since we went into production.</p>
<p>Again, I'm asking...did anyone in the KWGD group see this in their March statements?</p>
<p>I would hope anyone affected by this has also seen some kind of upwards adjustment?</p>
<p>The pipeline folks have renegotiated with CHK, I wonder if this was a reason, all of my royalties have been adjusted upwards since we went into production.</p>
<p>Again, I'm asking...did anyone in the KWGD group see this in their March statements?</p>
<p>I would hope anyone affected by this has also seen some kind of upwards adjustment?</p>