Royalty Payments with E&P Bankruptcy (Ohio Law) - GoMarcellusShale.com2024-03-28T23:16:18Zhttps://gomarcellusshale.com/forum/topics/royalty-payments-with-e-p-bankruptcy-ohio-law?commentId=2274639%3AComment%3A717561&feed=yes&xn_auth=noyes as a matter of fact I did…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7175612016-02-12T21:46:19.864Zjerry lee nicholshttps://gomarcellusshale.com/profile/jerryleenichols
<p>yes as a matter of fact I did read your info that was previously printed, but unless its filed in federal court an Ohio case would be much different, or so I would think.</p>
<p>yes as a matter of fact I did read your info that was previously printed, but unless its filed in federal court an Ohio case would be much different, or so I would think.</p> Thanks Ron,
Good info. But…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7175602016-02-12T21:44:10.368ZBluflamehttps://gomarcellusshale.com/profile/JeffreyMiller
<p>Thanks Ron,</p>
<p> Good info. But this is Ohio, WVA & PA. The laws and legal precedents (if there are any) may be very different</p>
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<p>BluFlame</p>
<p>Thanks Ron,</p>
<p> Good info. But this is Ohio, WVA & PA. The laws and legal precedents (if there are any) may be very different</p>
<p></p>
<p>BluFlame</p> This is the 3rd time I've pos…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7172732016-02-12T20:23:47.859Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>This is the 3rd time I've posted this Bankruptcy information from Texas. Take a look now that we are getting closer to Chapter 11:</p>
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<p>Here is an Action Plan from Texas for when your O&G Purchaser (Producer) files for Chapter 11. It might help you develop an action plan for your state when you stop receiving Royalty checks. The oil and gas will more…</p>
<p>This is the 3rd time I've posted this Bankruptcy information from Texas. Take a look now that we are getting closer to Chapter 11:</p>
<p>--------------------------------------------------------------------------------------------------------------------------------</p>
<p>Here is an Action Plan from Texas for when your O&G Purchaser (Producer) files for Chapter 11. It might help you develop an action plan for your state when you stop receiving Royalty checks. The oil and gas will more than likely continue to be taken free.</p>
<p>Texas Land And Mineral Owners Association</p>
<p>WHEN YOUR OIL & GAS PURCHASER GOES BROKE</p>
<p>A Royalty and Mineral Owner’s Perspective and Action Plan for When</p>
<p>You Receive Notice from the United States Bankruptcy Court</p>
<p> </p>
<p><a href="http://www.tlma.org/resources%20files/When%20Your%20O&G%20Purchaser%20Goes%20Broke.pdf">http://www.tlma.org/resources%20files/When%20Your%20O&G%20Purchaser%20Goes%20Broke.pdf</a></p> Where Ya Been INVICTUS?
Above…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7174682016-02-12T20:16:25.225Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>Where Ya Been INVICTUS?</p>
<p>Above are the documents I wanted to send to you.</p>
<p></p>
<p>Where Ya Been INVICTUS?</p>
<p>Above are the documents I wanted to send to you.</p>
<p></p> Bluflame,
We will be doi…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7174642016-02-12T20:14:12.712Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>Bluflame,</p>
<p> We will be doing Discovery to determine how much was stolen from Buck Well 1H and 6H as part of the Hope Christian Fellowship vs Chesapeake Complaint.</p>
<p>We are doing a Class Action Arbitration also, to get past the Arbitration Clause for Chesapeake Appalachia found in ALOV, SURE and other leases.</p>
<p>Audit is an option but Discovery will give the same results.</p>
<p>When this Complaint becomes a Class Action, all Ohioans leased to Chesapeake will be included if…</p>
<p>Bluflame,</p>
<p> We will be doing Discovery to determine how much was stolen from Buck Well 1H and 6H as part of the Hope Christian Fellowship vs Chesapeake Complaint.</p>
<p>We are doing a Class Action Arbitration also, to get past the Arbitration Clause for Chesapeake Appalachia found in ALOV, SURE and other leases.</p>
<p>Audit is an option but Discovery will give the same results.</p>
<p>When this Complaint becomes a Class Action, all Ohioans leased to Chesapeake will be included if they don't want to Opt Out.</p>
<p>Having the RICO clause will make this the premier lawsuit in Ohio against Chesapeake since it allows 3 times the recovery of each landowners losses.</p>
<p>I'm glad I could help by disclosing what Doug and his boys have been up to in Ohio, PA, and WV.</p>
<p>West Virginian's have been considered 2nd class citizens playing "Catch up" with the rest of society, since I was a kid in WV. Maybe that's why this West Virginian is relentless at going after those who steal from WV, PA, and Ohio Citizens. I'm still playing catch up even though I'm way ahead of the rest of you landowners in taking action. No Brag, Just Fact.</p>
<p>Thanks for the suggestion Bluflame. </p> well landowners are also cred…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7173422016-02-12T18:16:02.216Zjerry lee nicholshttps://gomarcellusshale.com/profile/jerryleenichols
<p>well landowners are also creditors, since they are buying minerals from you just as they are borrowing money or buying from equipment dealers etc. My guess is it depends on who the bankruptcy judge pays first. My only problem is how do you separate a lease which is an asset as opposed to minerals that they have not paid for.</p>
<p>well landowners are also creditors, since they are buying minerals from you just as they are borrowing money or buying from equipment dealers etc. My guess is it depends on who the bankruptcy judge pays first. My only problem is how do you separate a lease which is an asset as opposed to minerals that they have not paid for.</p> Agree. The production numbers…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7175462016-02-12T15:47:17.958Zalexanderhttps://gomarcellusshale.com/profile/JD822
Agree. The production numbers from the 3rd Qtr don't look that strong for the infamous Buck 1H either. Not saying he's not getting shorted but low production numbers plus low prices equal small royalties.
Agree. The production numbers from the 3rd Qtr don't look that strong for the infamous Buck 1H either. Not saying he's not getting shorted but low production numbers plus low prices equal small royalties. Blu asked a very good questio…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7174392016-02-12T13:19:10.711Zjnmhttps://gomarcellusshale.com/profile/NeilMcClester
<p>Blu asked a very good question but like everything else on this board Ron quickly turns discussion to how bad everyone is getting screwed</p>
<p></p>
<p></p>
<p></p>
<p>Blu asked a very good question but like everything else on this board Ron quickly turns discussion to how bad everyone is getting screwed</p>
<p></p>
<p></p>
<p></p> No. It's fun to think about t…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7175332016-02-12T10:44:05.785ZINVICTUShttps://gomarcellusshale.com/profile/rstlun
<p>No. It's fun to think about that but there is no judge who, without enforceable language in the lease to support that proposition, will (or can) make that happen.</p>
<p>Leaseholder will have to take charge of their own destiny.</p>
<p>Class action attorneys might do this if the payoff is sufficient, most likely O/G producer will settle out of court before allowing a serious look at the accounting books.</p>
<p></p>
<p>No. It's fun to think about that but there is no judge who, without enforceable language in the lease to support that proposition, will (or can) make that happen.</p>
<p>Leaseholder will have to take charge of their own destiny.</p>
<p>Class action attorneys might do this if the payoff is sufficient, most likely O/G producer will settle out of court before allowing a serious look at the accounting books.</p>
<p></p> Maybe someone can get a judge…tag:gomarcellusshale.com,2016-02-12:2274639:Comment:7175282016-02-12T10:16:32.709Zbo boboskihttps://gomarcellusshale.com/profile/boboboski
<p>Maybe someone can get a judge in a high court to order one,at the producers expense.</p>
<p>Maybe someone can get a judge in a high court to order one,at the producers expense.</p>