Question : Ohio - Forced Pooling - Forced Unitization - GoMarcellusShale.com2024-03-28T16:42:48Zhttps://gomarcellusshale.com/forum/topics/question-ohio-force-pooled-force-unitized?id=2274639%3ATopic%3A614220&feed=yes&xn_auth=no"Layman's response Marcus, do…tag:gomarcellusshale.com,2014-08-26:2274639:Comment:6161352014-08-26T03:20:42.269ZDexter Greenhttps://gomarcellusshale.com/profile/DexterGreen
<p>"Layman's response Marcus, don't confuse him anymore than he already is, you know what I mean."</p>
<p></p>
<p>You were wrong, just admit it. Your exact words were "in bankruptcy, all assets belong to the US TRUSTEE". That simply isn't true.</p>
<p>"Layman's response Marcus, don't confuse him anymore than he already is, you know what I mean."</p>
<p></p>
<p>You were wrong, just admit it. Your exact words were "in bankruptcy, all assets belong to the US TRUSTEE". That simply isn't true.</p> I don't need a bankruptcy tru…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6159092014-08-25T19:56:32.644ZJames Fosterhttps://gomarcellusshale.com/profile/JamesFoster172
<p>I don't need a bankruptcy trustee or an attorney because I am not going bankrupt nor am I out to take advantage of anyone who is going bankrupt. </p>
<p></p>
<p>I don't need a bankruptcy trustee or an attorney because I am not going bankrupt nor am I out to take advantage of anyone who is going bankrupt. </p>
<p></p> You are in a production unit…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6155702014-08-25T19:55:21.815ZJames Fosterhttps://gomarcellusshale.com/profile/JamesFoster172
<p>You are in a production unit of a well that has been drilled. Is it producing? Did you receive any royalty payments? You claim there is no valid lease, but you have yet to do anything about it but blow hot air on here. The truth is you have a valid lease but you did not receive the bonus money because the individual who went bankrupt leased the land prior to you taking possession of it. When you get an attorney or court to take your side and get a new lease let us know. In the mean…</p>
<p>You are in a production unit of a well that has been drilled. Is it producing? Did you receive any royalty payments? You claim there is no valid lease, but you have yet to do anything about it but blow hot air on here. The truth is you have a valid lease but you did not receive the bonus money because the individual who went bankrupt leased the land prior to you taking possession of it. When you get an attorney or court to take your side and get a new lease let us know. In the mean time your land is leased PERIOD! </p>
<p></p> Layman's response Marcus, don…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6159582014-08-25T19:48:56.230Z015334grltd9mhttps://gomarcellusshale.com/xn/detail/u_015334grltd9m
<p>Layman's response Marcus, don't confuse him anymore than he already is, you know what I mean.</p>
<p>Foster, here are three US Trustees in THIS region that can help you with this:</p>
<p>1. Atty. Bruzalencia</p>
<p>2. Atty. Beatrice</p>
<p>3. Atty. Suhar</p>
<p>Tell them they can send me the bill.</p>
<p>Layman's response Marcus, don't confuse him anymore than he already is, you know what I mean.</p>
<p>Foster, here are three US Trustees in THIS region that can help you with this:</p>
<p>1. Atty. Bruzalencia</p>
<p>2. Atty. Beatrice</p>
<p>3. Atty. Suhar</p>
<p>Tell them they can send me the bill.</p> "This is basic law, when an e…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6160372014-08-25T19:37:39.768ZDexter Greenhttps://gomarcellusshale.com/profile/DexterGreen
<p>"This is basic law, when an entity goes bankrupt, the TRUSTEE owns the assets in TRUST."</p>
<p></p>
<p>No, they don't. They control the sale of assets within the trust. Technically the debt holders own the trust. The trustee operates on the behalf of those who are owed money. The trustee isn't an owner.</p>
<p>"This is basic law, when an entity goes bankrupt, the TRUSTEE owns the assets in TRUST."</p>
<p></p>
<p>No, they don't. They control the sale of assets within the trust. Technically the debt holders own the trust. The trustee operates on the behalf of those who are owed money. The trustee isn't an owner.</p> Following Is A Rewrite To Cor…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6160362014-08-25T19:32:18.726ZJoseph-Ohiohttps://gomarcellusshale.com/profile/JosephEPowell
<p>Following Is A Rewrite To Correct A Typo. :</p>
<p>Hey Keith, I didn't realize one could 'pick a fight' by asking a question.</p>
<p>Thanks for that advice.</p>
<p>By the way, I've tried to read and understand the laws which I'm trying to discuss and better understand here.</p>
<p>Maybe I do worry too much but to me after spending 66 years on this planet it appears to me to be my stereotype.</p>
<p>I live with everyone else's so everyone else can make room for mine.</p>
<p>Following Is A Rewrite To Correct A Typo. :</p>
<p>Hey Keith, I didn't realize one could 'pick a fight' by asking a question.</p>
<p>Thanks for that advice.</p>
<p>By the way, I've tried to read and understand the laws which I'm trying to discuss and better understand here.</p>
<p>Maybe I do worry too much but to me after spending 66 years on this planet it appears to me to be my stereotype.</p>
<p>I live with everyone else's so everyone else can make room for mine.</p> James, You have to be smarter…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6160352014-08-25T19:27:55.458Z015334grltd9mhttps://gomarcellusshale.com/xn/detail/u_015334grltd9m
<p>James, You have to be smarter that this, THERE IS NO CASE, in bankruptcy, all assets belong to the US TRUSTEE. Call your lawyer and ask him,please. This is basic law, when an entity goes bankrupt, the TRUSTEE owns the assets in TRUST. My GOD, sometimes I wonder why I bother. </p>
<p>James, You have to be smarter that this, THERE IS NO CASE, in bankruptcy, all assets belong to the US TRUSTEE. Call your lawyer and ask him,please. This is basic law, when an entity goes bankrupt, the TRUSTEE owns the assets in TRUST. My GOD, sometimes I wonder why I bother. </p> "US Trustee and any lawyer wo…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6159062014-08-25T19:21:24.074ZJames Fosterhttps://gomarcellusshale.com/profile/JamesFoster172
<p>"US Trustee and any lawyer <strong>would</strong> say the same thing" ... but it is ok for you to practice law. You are not the US Trustee or a lawyer either! But they didn't say the same thing because the issue never came before them.</p>
<p>"US Trustee and any lawyer <strong>would</strong> say the same thing" ... but it is ok for you to practice law. You are not the US Trustee or a lawyer either! But they didn't say the same thing because the issue never came before them.</p> Keith,
I wouldn't characteri…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6159022014-08-25T18:52:46.903ZJoseph-Ohiohttps://gomarcellusshale.com/profile/JosephEPowell
Keith,<br></br>
<br></br>
I wouldn't characterize myself as consumed Keith, but as an individual paying really close attention to the Forced Pooling and Forced Unitization issues here in Ohio (as much attention as I'm able anyway).<br></br>
<br></br>
I'm up here in the north country, with my ground unleased and practically surrounded by HBP Lands / Lands (which I think may / probably are under Lease with EV / CHK) and just trying to figure out what will or may happen when things pick up for us up…
Keith,<br/>
<br/>
I wouldn't characterize myself as consumed Keith, but as an individual paying really close attention to the Forced Pooling and Forced Unitization issues here in Ohio (as much attention as I'm able anyway).<br/>
<br/>
I'm up here in the north country, with my ground unleased and practically surrounded by HBP Lands / Lands (which I think may / probably are under Lease with EV / CHK) and just trying to figure out what will or may happen when things pick up for us up here.<br/>
<br/>
As another facet of things is that Land groups around here seem to have evaporated with the advent of the Oil and Gas Rule changes which amplifies certain of these concerns we're discussing.<br/>
<br/>
That's my predicament / perspective as best I can explain it (currently) as I continue to keep my eyes and ears open (ears sometimes close to the ground) waiting for indication of activity.<br/>
<br/>
Thanks for sharing. Joseph-Ohio,
No not a lawyer,…tag:gomarcellusshale.com,2014-08-25:2274639:Comment:6159562014-08-25T18:18:08.137ZKeith A Williamshttps://gomarcellusshale.com/profile/KeithAWilliams
<p>Joseph-Ohio,</p>
<p>No not a lawyer, but I though that was Ron's way of attacking people. Like he did when he drove Utica Shale out of here. I didn't like it then, I don't like it now. I paid for my legal advise when I needed it. If you need a real lawyer, pay for one. My group sure did.</p>
<p>As far as lawyers go, I have worked with a few of them. Even proofread their leases when I was working on my group's lease and they were developing theirs.</p>
<p>As far as forced pooling/unitization…</p>
<p>Joseph-Ohio,</p>
<p>No not a lawyer, but I though that was Ron's way of attacking people. Like he did when he drove Utica Shale out of here. I didn't like it then, I don't like it now. I paid for my legal advise when I needed it. If you need a real lawyer, pay for one. My group sure did.</p>
<p>As far as lawyers go, I have worked with a few of them. Even proofread their leases when I was working on my group's lease and they were developing theirs.</p>
<p>As far as forced pooling/unitization go, I just see you as single minded on this subject. Consumed I might say.</p>
<p>As I stated above, the lease you sign will control these situations. Working with your surrounding landowners to form a group will help. I chaired a 5000 acre group during our leasing process. Unit size was one of our "Top Ten" problems with the leases we were being presented with at the time.</p>
<p>Keith</p>
<p>BTW I was up to Jefferson High School on the 20th to do a game. Nice farm country!</p>