Royalty payments - GoMarcellusShale.com2024-03-28T17:09:09Zhttps://gomarcellusshale.com/forum/topics/royalty-payments?groupUrl=ohio&commentId=2274639%3AComment%3A557752&groupId=2274639%3AGroup%3A2801&feed=yes&xn_auth=noSomeone I know and I have see…tag:gomarcellusshale.com,2014-08-29:2274639:Comment:6172362014-08-29T17:11:04.192ZJeremyhttps://gomarcellusshale.com/profile/Jeremy
<p>Someone I know and I have seen the royalty statements - Guernsey County $1,075/acre/month through the first 5 months.</p>
<p>Someone I know and I have seen the royalty statements - Guernsey County $1,075/acre/month through the first 5 months.</p> [Tax Rate Schedule Y-1, Inter…tag:gomarcellusshale.com,2014-04-15:2274639:Comment:5673502014-04-15T02:12:51.008ZMark Mijavechttps://gomarcellusshale.com/profile/MarkMijavec
<p>[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]</p>
<p>married filling joint. </p>
<p>I see a lot of information on here and wanted people to have one of these. This is a marginal rate chart. This is to be used on AGI after you itemized deductions, (or standard) and after your exemptions. So in my cased we usually have around 20,000 in itemized and we are a family of 6 (6 x 3900) so another 23400 then our income would be taxed. The tax is progressive and you do not pay the…</p>
<p>[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]</p>
<p>married filling joint. </p>
<p>I see a lot of information on here and wanted people to have one of these. This is a marginal rate chart. This is to be used on AGI after you itemized deductions, (or standard) and after your exemptions. So in my cased we usually have around 20,000 in itemized and we are a family of 6 (6 x 3900) so another 23400 then our income would be taxed. The tax is progressive and you do not pay the highest tier until you reach that dollar amount. Keep in mind there are phase outs and there is a new investment tax of 3.8 as well if you meet certain requirements. 0 </p>
<ul>
<li><p>[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]</p>
</li>
<li><p></p>
<blockquote style="margin-right: 0px;" dir="ltr"><p><strong>10%</strong> on taxable income from $0 to $18,150, plus <span style="text-decoration: underline;">1815</span></p>
</blockquote>
<ul>
<li><strong>15%</strong> on taxable income over $18,150 to $73,800, plus <span style="text-decoration: underline;">8347.5</span></li>
<li><strong>25%</strong> on taxable income over $73,800 to $148,850, plus <span style="text-decoration: underline;">18762.5</span> </li>
<li><strong>28%</strong> on taxable income over $148,850 to $226,850, plus <span style="text-decoration: underline;">21840</span> </li>
<li><strong>33%</strong> on taxable income over $226,850 to $405,100, plus <span style="text-decoration: underline;">58822</span> </li>
<li><strong>35%</strong> on taxable income over $405,100 to $457,600, plus <span style="text-decoration: underline;">18270</span> </li>
<li><strong>39.6%</strong> on taxable income over $457,600.</li>
<li>So if I made 457600 after my 44,000 in deductions I will pay tax of 127,157 on income of around 500,000. My effective tax rate would be 127157/500000 or 25.57% Now this is a generalization. The would be other things phased out (child tax credits, education credits and the personal exemption would be reduced as well I also did not take into consideration the new investment tax as well which is 3.8.) However I also did not take the 15% depletion that we are allowed....until they take it away. This is just meant to give people information. Also you will have state and local tax if applicable. </li>
</ul>
</li>
</ul> Time: I think that is a low…tag:gomarcellusshale.com,2014-04-14:2274639:Comment:5670582014-04-14T15:10:15.918ZPro Geohttps://gomarcellusshale.com/profile/DavidPCercone
<p>Time: I think that is a low value for the region. Understand that these are shale wells and the production will decline quickly through time. Therefore the highest royalty payments are given in the early part of the well's life. As a former energy professional I recommend that you get professional help with structuring your lease so that you do not get unfair deductions of your royalties. </p>
<p>Time: I think that is a low value for the region. Understand that these are shale wells and the production will decline quickly through time. Therefore the highest royalty payments are given in the early part of the well's life. As a former energy professional I recommend that you get professional help with structuring your lease so that you do not get unfair deductions of your royalties. </p> The reason I ask this is we a…tag:gomarcellusshale.com,2014-03-18:2274639:Comment:5582072014-03-18T14:42:33.335Ztime will tellhttps://gomarcellusshale.com/profile/harryboyd
<p>The reason I ask this is we attended the meeting that Rice Energy had at Union Local school a few weeks ago and Toby , the main man said that the royalties would be more like 200-300 hundred dollars per acre per month , so what gives ???</p>
<p>I know someone that I trust that told me that there mechanic had just quit there job because he was now receiving $ 1000.00 per acre per month in west Virginia .</p>
<p>They have 19 acres leased .</p>
<p>Was anyone else at the Rice Energy meeting…</p>
<p>The reason I ask this is we attended the meeting that Rice Energy had at Union Local school a few weeks ago and Toby , the main man said that the royalties would be more like 200-300 hundred dollars per acre per month , so what gives ???</p>
<p>I know someone that I trust that told me that there mechanic had just quit there job because he was now receiving $ 1000.00 per acre per month in west Virginia .</p>
<p>They have 19 acres leased .</p>
<p>Was anyone else at the Rice Energy meeting ?</p>
<p> </p> does anyone really know what…tag:gomarcellusshale.com,2014-03-18:2274639:Comment:5583222014-03-18T14:30:45.392Ztime will tellhttps://gomarcellusshale.com/profile/harryboyd
<p>does anyone really know what royalty payments will be with a good lease per acre ?</p>
<p>Say in Belmont county . </p>
<p>I have heard from 200.00 an acre to 1000.00 per acre .</p>
<p>Lets say the well is doing 10 mill a day and 300-400 boe .</p>
<p>does anyone really know what royalty payments will be with a good lease per acre ?</p>
<p>Say in Belmont county . </p>
<p>I have heard from 200.00 an acre to 1000.00 per acre .</p>
<p>Lets say the well is doing 10 mill a day and 300-400 boe .</p> I can believe that evan, but…tag:gomarcellusshale.com,2014-03-17:2274639:Comment:5578142014-03-17T14:34:05.917ZThe Roosterhttps://gomarcellusshale.com/profile/MarkHost
<p>I can believe that evan, but also you have the chance to take that money and buy other property and be exempt of taxes on that money. nobody has the right answer on sell or not sell. I just thought it was not fair to say how stupid it is to sell when everyones situation is different. the only thing that's stupid is to not educate yourself as much as you can before making your choice. I think this site has helped all of us on that. thank goodness. </p>
<p>I can believe that evan, but also you have the chance to take that money and buy other property and be exempt of taxes on that money. nobody has the right answer on sell or not sell. I just thought it was not fair to say how stupid it is to sell when everyones situation is different. the only thing that's stupid is to not educate yourself as much as you can before making your choice. I think this site has helped all of us on that. thank goodness. </p> Everyone says 15% capital gai…tag:gomarcellusshale.com,2014-03-17:2274639:Comment:5577632014-03-17T14:20:30.266Zevanhttps://gomarcellusshale.com/profile/evanhastings
<p>Everyone says 15% capital gains if you sell your mineral rights. not really. It's more like 22-25 % after all taxes. Trust me I know</p>
<p>Everyone says 15% capital gains if you sell your mineral rights. not really. It's more like 22-25 % after all taxes. Trust me I know</p> Do you realize that some peop…tag:gomarcellusshale.com,2014-03-17:2274639:Comment:5577522014-03-17T13:59:03.369ZThe Roosterhttps://gomarcellusshale.com/profile/MarkHost
<p>Do you realize that some people cant lease because they are held by production from a lease that may be 30-40 years old. so they have no chance for money until they get drilled, which may not happen and no sure things when it comes to how a well will produce and how much of your land will be in the unit. what if you are older and don't have 10 years to wait and hope.there are major tax implications also.15% if you sell minerals 35-49% if your getting royalty payments. I think you need to…</p>
<p>Do you realize that some people cant lease because they are held by production from a lease that may be 30-40 years old. so they have no chance for money until they get drilled, which may not happen and no sure things when it comes to how a well will produce and how much of your land will be in the unit. what if you are older and don't have 10 years to wait and hope.there are major tax implications also.15% if you sell minerals 35-49% if your getting royalty payments. I think you need to look at all case and points before you throw out all the DUHHHS!!</p> What do people mean when they…tag:gomarcellusshale.com,2013-05-30:2274639:Comment:4558312013-05-30T16:13:31.801Zjohnhttps://gomarcellusshale.com/profile/john41
<p>What do people mean when they mention the gross royalties? Is that over a certain period of time? Is that 20k a year?</p>
<p>What do people mean when they mention the gross royalties? Is that over a certain period of time? Is that 20k a year?</p> Appears the Ohio Valley Royal…tag:gomarcellusshale.com,2013-03-07:2274639:Comment:4141152013-03-07T23:18:10.979ZD Thomashttps://gomarcellusshale.com/profile/DThomas
<p>Appears the Ohio Valley Royalties Group isn't doing so well.. guess there aren't as many desperate and poor as they imagined.. least not enough to complete the "SELL OUT" of your Mineral Rights.. forever and ever and ever.. </p>
<p></p>
<p>Lease.. Lease.. Lease.. Do Not Sell Mineral Rights.. make them "pay you and your kids" for the next 30 years. My friend receives over $20,000 gross from a mere 22 acres in a 504 acre Unit.. with a meager 2.5 million cubic feet per day!</p>
<p></p>
<p>Not…</p>
<p>Appears the Ohio Valley Royalties Group isn't doing so well.. guess there aren't as many desperate and poor as they imagined.. least not enough to complete the "SELL OUT" of your Mineral Rights.. forever and ever and ever.. </p>
<p></p>
<p>Lease.. Lease.. Lease.. Do Not Sell Mineral Rights.. make them "pay you and your kids" for the next 30 years. My friend receives over $20,000 gross from a mere 22 acres in a 504 acre Unit.. with a meager 2.5 million cubic feet per day!</p>
<p></p>
<p>Not bad for a country boy! haha</p>