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Drew,
It sounds like the Shell rep you worked with was forth-coming and considerate. I wish I could say the same about our landman. Am I right in assuming you didn't consult a lawyer before signing? Perhaps I am not as smart as some, but I don't understand a lot of the language of this lease and I would never sign without consulting a lawyer first. Congratulations and I hope your wife lets you drive the new camaro once in a while.
What amount per acre and royalty % did you recieve from Shell?
I signed with Shell on December 17th, and I still have not been paid.
Drew, over here in Ohio. Shell came in & leased close to 100,000 acres. gave us all Bank drafts with a 120 "banking days' exp.date. Last OCT! Recorded all the leases immediately. ,the drafts have expired ,and most have not been paid!. but Shell says they will still be paying,but they are way behind. some are now getting certified checks. they are paying,only slowly. Their land servioce keeps calling people every couple weeks saying,be patient. Just giving you guys a heads up about what could happen
I hhave called down Warrendale numerous times. Noone ever calls back. I was told last week my 90th banking day (which is what the draft was) was May 8th. Obviously that has come and gone. I just wish HilCorp was in my area, they are so much better to deal with.
Lance, I have heard of people getting good info by calling the Shell Community Hotline at 877-842-7308. I think it is for Butler & Lawrence counties. Also here is another contact that may produce results:
Kimberly Windon
Upstream Americas – Onshore Gas
Shell Appalachia Communications Specialist
301 Brush Creek Road
Warrendale, PA 15086
Office: +1 724 778 9264
Cell:+1 713 419 6986
Email: kimberly.windon@shell.com
You must deposit the draft with a financial institution. They are all familiar with these drafts. They hold the draft until Shell funds it.This happens after Shell has completed its due diligence. A check is then sent directly to your financial institution by Shell's bank in Houston.
Elaine is right but alot of peoples drafts are expiring and they send em back and your bank account gets charged $30.00 for a returned check fee and then you wait again for the money, some people get paid and some wait, who knows!!
Still haven't recieved my money....
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