Replies to This Discussion

Permalink Reply by Martha Ann Murray on July 3, 2015 at 9:46am

I would never in a million years sell my royalties.

• ▶ Reply

Permalink Reply by Bert Ault on July 4, 2015 at 5:07am

Since I'm unlikely to live a million years I would like to enjoy the years I do have, but the real question is if I'm not going to get fair royalties what are my choices

• ▶ Reply

Permalink Reply by Michael on July 7, 2015 at 8:14am

If you know Jesus as your personal savior you will live a million years and more!

• ▶ Reply

Permalink Reply by Bert Ault on July 7, 2015 at 8:19am

But I won't need royalties on earth when I have streets of gold

• ▶ Reply

Permalink Reply by Michael on July 7, 2015 at 8:21am

That's correct, I only replied to your part that you said it seemed unlikely you wouldn't live a million years, didn't say anything about royalties :)

• ▶ Reply

Permalink Reply by Barry D on July 3, 2015 at 3:21pm

Bert,

Selling your royalties for this reason doesn't seem wise.

Hiring a competent oil and gas attorney would seem wiser. Or perhaps there is a landowner group dedicated to this cause that doesn't require a "pound of flesh" or your "first born child".

• ▶ Reply

Permalink Reply by Bert Ault on July 4, 2015 at 5:09am

It would seem that someone that has a financial interest in my royalties would likely do a better job for both of us.

• ▶ Reply

Permalink Reply by Barry D on July 4, 2015 at 5:56am

Bert,

Have you signed a lease?

If so, the terms of the lease are what they are.

• ▶ Reply

Permalink Reply by Bert Ault on July 4, 2015 at 6:18am

I have a lease but no drilling yet. I have been approached to sell all or a portion of future royalties and just wanted thoughts of some in a similar situation

• ▶ Reply

Permalink Reply by Philip Brutz on July 4, 2015 at 8:12am

You may want to read this thread: http://gomarcellusshale.com/forum/topics/beware

• ▶ Reply

Permalink Reply by David Allen Lilly on July 4, 2015 at 8:45am

I have seen many illogical reasons for selling royalties but this tops them all, no offense intended.

Any prospective buyer is going to formulate a very conservative estimate of what the lifetime royalties from your lease will be and then offer you a whopping 10% of that figure.

IF you are in a very advantageous position you MIGHT get 20%, but I promise you very few if any get more than that.

So, 10% up front and you don't worry about the royalties because you gave the rest of them away OR  just wait and see what your lease holder adheres to from your lease and then take appropriate action if necessary.

There is no doubt that there is a certain credibility to the charges of royalty theft made on these threads but I wouldn't bet that they are all of the same accuracy or degree.

Even if you were to sell royalties this is the absolute wrong time to do it.

• ▶ Reply

Permalink Reply by Bert Ault on July 4, 2015 at 1:08pm

So all these people complaining about unfair royalties are inaccurate?

• ▶ Reply

• ‹ Previous
• 1
• 2
• 3
• Next ›
• Page