Summons Wetzel County Ascent Resources vs 73.13% who refused to sign their low ball offer. - GoMarcellusShale.com2024-03-28T23:54:45Zhttps://gomarcellusshale.com/forum/topics/summons-wetzel-county-ascent-resources-vs-73-13-who-refused-to?feed=yes&xn_auth=nohttp://www.wvsoro.org/newslet…tag:gomarcellusshale.com,2016-01-22:2274639:Comment:7143862016-01-22T23:45:43.861Zsylviahttps://gomarcellusshale.com/profile/sylvia
<p><a href="http://www.wvsoro.org/newsletters/2015/summer.pdf" target="_blank">http://www.wvsoro.org/newsletters/2015/summer.pdf</a></p>
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<p>On page 5, They talk about partition suits. Ascent Resources bought those 9 deeds. </p>
<p><a href="http://www.wvsoro.org/newsletters/2015/summer.pdf" target="_blank">http://www.wvsoro.org/newsletters/2015/summer.pdf</a></p>
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<p>On page 5, They talk about partition suits. Ascent Resources bought those 9 deeds. </p> This is a bad situation, for…tag:gomarcellusshale.com,2016-01-22:2274639:Comment:7143792016-01-22T19:05:49.543ZG.H.https://gomarcellusshale.com/profile/GH930
<p>This is a bad situation, for sure, but they are not going to be just taken away unless you let them. Talk to an attorney. A knowledgable attorney can give you better advice than anyone on here.</p>
<p>This is a bad situation, for sure, but they are not going to be just taken away unless you let them. Talk to an attorney. A knowledgable attorney can give you better advice than anyone on here.</p> I did not know that something…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7143062016-01-21T22:01:43.460Zsylviahttps://gomarcellusshale.com/profile/sylvia
<p>I did not know that something like this could happen. It was never disclosed to me that the mineral rights would be taken away if the contract was not signed. I had no clue, no warning. It seems so unethical. I feel raped by the state for allowing such a thing to occur and by Ascent Resources.</p>
<p>I did not know that something like this could happen. It was never disclosed to me that the mineral rights would be taken away if the contract was not signed. I had no clue, no warning. It seems so unethical. I feel raped by the state for allowing such a thing to occur and by Ascent Resources.</p> Sylvia, thank you for sharing…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7143432016-01-21T21:56:53.896ZPhilip Brutzhttps://gomarcellusshale.com/profile/PhilipBrutz
<p>Sylvia, thank you for sharing this. I chose not to sell part of my mineral because I was worried that something like this could happen. I agree that your only chance is to stick together. Could luck and please let us know how it turns out.</p>
<p>Best Philip</p>
<p>Sylvia, thank you for sharing this. I chose not to sell part of my mineral because I was worried that something like this could happen. I agree that your only chance is to stick together. Could luck and please let us know how it turns out.</p>
<p>Best Philip</p> I am posting so that others…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7143052016-01-21T21:46:15.297Zsylviahttps://gomarcellusshale.com/profile/sylvia
<p>I am posting so that others can learn too along with me. </p>
<p>It appears that Ascent Resources bought the mineral rights from at least 9 people.</p>
<p>In the packet I received are copies of 9 QUITCLAIM DEEDs to Ascent Resources, and on the list with the names and fractional interest it states: ARM (purchased from and the name of the person)</p>
<p>for $500-interest 1/80,</p>
<p>$250-interest 7/4560, </p>
<p>$250-interest 7/4560,</p>
<p>$200-interest 1/1824,</p>
<p>$200-interest…</p>
<p>I am posting so that others can learn too along with me. </p>
<p>It appears that Ascent Resources bought the mineral rights from at least 9 people.</p>
<p>In the packet I received are copies of 9 QUITCLAIM DEEDs to Ascent Resources, and on the list with the names and fractional interest it states: ARM (purchased from and the name of the person)</p>
<p>for $500-interest 1/80,</p>
<p>$250-interest 7/4560, </p>
<p>$250-interest 7/4560,</p>
<p>$200-interest 1/1824,</p>
<p>$200-interest 1/1824,</p>
<p>$200- interest 7/3040,</p>
<p>$200- interest 7/3040,</p>
<p>$200- interest 7/3040,</p>
<p>$250-interest 1/380.</p> In Ohio.....
What happens if…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7143292016-01-21T16:07:51.912ZTusc-county-manhttps://gomarcellusshale.com/profile/paulmartinelli355
<p>In Ohio.....</p>
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<p>What happens if you don't pay the tax bill on your minerals?</p>
<p>I hear some counties are separating them out.....and if not paid...they get auctioned off.</p>
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<p>Is this true?</p>
<p>In Ohio.....</p>
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<p>What happens if you don't pay the tax bill on your minerals?</p>
<p>I hear some counties are separating them out.....and if not paid...they get auctioned off.</p>
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<p>Is this true?</p> Thanks Sylvia, now I get the…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7142932016-01-21T15:27:26.270ZDonaldhttps://gomarcellusshale.com/profile/DonaldcDailey
<p>Thanks Sylvia, now I get the picture. I am in Oh. and not aware of that law in WV. as I am reading the posts, I understand what is going on. it is a very unfair Law and the land owners should be talking / screaming at the State Legislators to get this corrected, as I don't know how this could be supported by any St .Official. we have forced polling, but at least they cant sell our mineral rights. the best of luck in your situation. </p>
<p>Thanks Sylvia, now I get the picture. I am in Oh. and not aware of that law in WV. as I am reading the posts, I understand what is going on. it is a very unfair Law and the land owners should be talking / screaming at the State Legislators to get this corrected, as I don't know how this could be supported by any St .Official. we have forced polling, but at least they cant sell our mineral rights. the best of luck in your situation. </p> Thanks everyone for your inpu…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7142922016-01-21T13:42:47.341Zsylviahttps://gomarcellusshale.com/profile/sylvia
<p>Thanks everyone for your input. I'm going to try and contact these distant relatives and hopefully there is strength in numbers. A lawyer would be prudent.</p>
<p>Thanks everyone for your input. I'm going to try and contact these distant relatives and hopefully there is strength in numbers. A lawyer would be prudent.</p> Your situation brings up a go…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7144332016-01-21T06:29:14.265ZG.H.https://gomarcellusshale.com/profile/GH930
<p>Your situation brings up a good discussion.</p>
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<p>The better the company's reputation, the more likely they are to try to get it settled with you before resorting to a partition. Not to say they won't do it, but word gets around, and that type of action doesn't really sit well with the locals/mineral owners, and they know it. If you are dealing with a more reputable and supposedly "landowner-friendly" operator, try to work with them, as they are probably aware that their…</p>
<p>Your situation brings up a good discussion.</p>
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<p>The better the company's reputation, the more likely they are to try to get it settled with you before resorting to a partition. Not to say they won't do it, but word gets around, and that type of action doesn't really sit well with the locals/mineral owners, and they know it. If you are dealing with a more reputable and supposedly "landowner-friendly" operator, try to work with them, as they are probably aware that their reputation is at stake and may be more willing to compromise. Believe it or not, from what I've seen, most companies would rather have a good reputation, if they can maintain it without losing or spending an inordinate amount of money. Though, since you have received notice in the mail, you are probably past the point of trying to work with them.</p>
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<p>That said, things are rough in the o&g industry these days... don't know how much they would be willing to "give up" to the landowners in form of royalty percent and/or signing bonus. You have to remember, it's not 2013 anymore. Profits are low and/or nonexistent with some wells, and they need to squeeze out every dollar they can get. This is just the reality. Not trying to say that you shouldn't go for every dollar you can get. Best of luck.</p> From a few conversations with…tag:gomarcellusshale.com,2016-01-21:2274639:Comment:7142912016-01-21T01:00:24.790Zsearcheronehttps://gomarcellusshale.com/profile/JanetConn
<p>From a few conversations with some Wetzel County people, this is what I think is happening here.</p>
<p>WV does not have a pooling process, the Legislature turned it down last year, but is reconsidering a version in this year's legislative session.</p>
<p>The way in which the oil and gas companies are getting around it is by these partition suits. The oil and gas company buys as little as an acre in the unit which gives them the right to file the partition suit forcing those who have not…</p>
<p>From a few conversations with some Wetzel County people, this is what I think is happening here.</p>
<p>WV does not have a pooling process, the Legislature turned it down last year, but is reconsidering a version in this year's legislative session.</p>
<p>The way in which the oil and gas companies are getting around it is by these partition suits. The oil and gas company buys as little as an acre in the unit which gives them the right to file the partition suit forcing those who have not signed a lease to be forced out. Some property owner in the unit is unhappy that a well is not being drilled and is willing to sell some acreage to force the issue. Could be a distant relative.</p>
<p>Ascent is not the only one doing this. A company that has a good reputation in Ohio and drills good wells has done a number of these partition suits in WV and that company is Antero. Probably there are a number of others.</p>