YOUR SOFT MARKET RIGHTS/ ROYALTIES in Leases (ethane, butane, etc...) - GoMarcellusShale.com2024-03-28T17:45:46Zhttps://gomarcellusshale.com/forum/topics/your-soft-market-rights-royalties-in-leases-ethane-butane-etc?commentId=2274639%3AComment%3A612027&feed=yes&xn_auth=noRon,
The SURE lease and the A…tag:gomarcellusshale.com,2014-08-18:2274639:Comment:6118102014-08-18T11:45:57.782ZPhilip Thackrayhttps://gomarcellusshale.com/profile/PhilipThackray
<p>Ron,</p>
<p>The SURE lease and the ALOV lease are different - at least the versions that I have found. The ALOV lease runs more than 26 pages, the SURE lease just 17 pages. I'm interested because I have a parcel in Adams Township, Butler County, PA where a Landowner group is forming. The Landowner group is just starting up and is looking to develop a common lease. I found an older scanned copy of the ALOV lease and would like to find the newest version, hopefully in true electronic form…</p>
<p>Ron,</p>
<p>The SURE lease and the ALOV lease are different - at least the versions that I have found. The ALOV lease runs more than 26 pages, the SURE lease just 17 pages. I'm interested because I have a parcel in Adams Township, Butler County, PA where a Landowner group is forming. The Landowner group is just starting up and is looking to develop a common lease. I found an older scanned copy of the ALOV lease and would like to find the newest version, hopefully in true electronic form so that it could be converted into Word and modified if need be.</p>
<p>Regards,</p>
<p>Phil</p> Thanks Ron - ALOV was among t…tag:gomarcellusshale.com,2014-08-18:2274639:Comment:6121242014-08-18T05:26:12.370Zal raptoriahttps://gomarcellusshale.com/profile/alraptoria
<p>Thanks Ron - ALOV was among the first to open our eyes - again, there was just so much there and so much still foreign to us that I missed that part because the words/terms were different. We have mainly oil in the Utica pickle, not gas, so I am not sure how much "soft market" byproducts there will be - but I know enough to get EVERYTHING we might want over the next 100+ years in the Lease now! Thanks again Ron!</p>
<p>Thanks Ron - ALOV was among the first to open our eyes - again, there was just so much there and so much still foreign to us that I missed that part because the words/terms were different. We have mainly oil in the Utica pickle, not gas, so I am not sure how much "soft market" byproducts there will be - but I know enough to get EVERYTHING we might want over the next 100+ years in the Lease now! Thanks again Ron!</p> al,
Go to alov.us and look…tag:gomarcellusshale.com,2014-08-18:2274639:Comment:6120642014-08-18T03:52:46.852Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>al,</p>
<p> Go to alov.us and look at the pdf at the bottom of the page SURE March Lease. It has the full lease developed by the Associated Land Owners Of The Ohio Valley.</p>
<p></p>
<p>al,</p>
<p> Go to alov.us and look at the pdf at the bottom of the page SURE March Lease. It has the full lease developed by the Associated Land Owners Of The Ohio Valley.</p>
<p></p> Wow! Thank YOU Ron!
It was my…tag:gomarcellusshale.com,2014-08-17:2274639:Comment:6120272014-08-17T18:55:30.120Zal raptoriahttps://gomarcellusshale.com/profile/alraptoria
<p>Wow! Thank YOU Ron!</p>
<p>It was my sheer ignorance of the correct terms that made me miss your other posts! Will catch up on ALL you've offered us on this forum! Thank you, and Best to You, Ron!</p>
<p>Wow! Thank YOU Ron!</p>
<p>It was my sheer ignorance of the correct terms that made me miss your other posts! Will catch up on ALL you've offered us on this forum! Thank you, and Best to You, Ron!</p> al raptoria,
Why has there be…tag:gomarcellusshale.com,2014-08-17:2274639:Comment:6118882014-08-17T18:21:01.118Z0ym9x5ag7ury2https://gomarcellusshale.com/xn/detail/u_0ym9x5ag7ury2
<p>al raptoria,</p>
<p>Why has there been no discussion on this to date? </p>
<p>You haven't seen any of my posts. I've been jumping up and down about NGLs. I'm the guy who people don't understand when I say Theft By Deception is in progress in Ohio, and my producer is committing multiple felonies according to the Ohio Revised Code.</p>
<p>Every Associated Landowner Of The Ohio Valley lease has the below statements about NGLs. When you say Hydrocarbons you cover any product that has the element…</p>
<p>al raptoria,</p>
<p>Why has there been no discussion on this to date? </p>
<p>You haven't seen any of my posts. I've been jumping up and down about NGLs. I'm the guy who people don't understand when I say Theft By Deception is in progress in Ohio, and my producer is committing multiple felonies according to the Ohio Revised Code.</p>
<p>Every Associated Landowner Of The Ohio Valley lease has the below statements about NGLs. When you say Hydrocarbons you cover any product that has the element Carbon - C in it, which is everything.</p>
<p>The problem will be getting your producer to read the lease when they decide it's time to increase their profits. They will pencil whip you on your royalty statement by underpaying NGLs (25 cents a gallon on one GMS.com royalty owners statement), under report NGLs on your statemnt (What?? No one is looking!), charge you for processing a huge volume of NGLs (You only paid me for a few gallons, where's the volume I paid for processing on at Buck Well 1H). If your producer is really brazen they will tax you on that large volume you paid to process but didn't make a dime on as our producer did to us at Buck Well 1H.</p>
<p>What are you going to do when your producer charges your well $8,000 to take an estimated $85,000 in NGLs.</p>
<p>CALCULATING YOU NGLs:</p>
<p> Volume of Natural Gas reported to ODNR in MCF (don't trust your statement) multiply each MCF produced by 2 and as if by magic the NGLs missing on your statement will appear on you calculator in Gallons.</p>
<p>If you want to know how much money you didn't get paid, multiply the number of gallons by the open market value of the NGLs or use the producers bogus sale figure. Either way it will meet the amount of cash that exceeds a Felony level theft in Ohio.</p>
<p>--------------Lease Contract Wording ALOV--------------------------------------</p>
<p>Royalty Payment,</p>
<p>(d) Gross Proceeds: For the purpose of this lease “Gross Proceeds” means total consideration paid for the sale of oil, gas, casinghead gas, casinghead gasoline, associated hydrocarbons and marketable byproducts, produced from the Leased Premises</p>
<p>(ii) To pay Lessor on gas and casinghead gas produced from the Leased</p>
<p>Premises, percentages of proceeds (in accordance with paragraph (a) above) based on:</p>
<p>(1) the Gross Proceeds paid to Lessee from the sale of such gas and</p>
<p>casinghead gas when sold by Lessee in an arms-length sale to an</p>
<p>unaffiliated third party, or if sold to an affiliate, the price upon which</p>
<p>such gas and casinghead gas was sold so long as such price is not less</p>
<p>than that which would be received from a sale to an unaffiliated third</p>
<p>party in an arms length transaction considering the volume available,</p>
<p>quality, location and length of term of the proposed sale; or ….</p>
<p></p>
<p>(e) Costs of Production. Lessee shall place oil and gas produced from the Leased Premises in marketable condition and shall market same as agent for Lessor. Except as expressly provided in (d) above, Lessor’s royalty shall not be charged directly or indirectly with any expense required to make gas marketable, including but not limited to the following: expenses of production, gathering, dehydration, compression, manufacturing, processing, treating, transporting or marketing of gas, oil, or any liquefiable hydrocarbons extracted therefrom.</p>
<p> </p>
<p> </p> It reads to me like there is…tag:gomarcellusshale.com,2014-08-17:2274639:Comment:6120222014-08-17T18:01:38.744ZJoseph-Ohiohttps://gomarcellusshale.com/profile/JosephEPowell
<p>It reads to me like there is Phil.</p>
<p>Unleased so can't prove it by me.</p>
<p>Wonder what the land groups were / are trying to negotiate in my neck of the woods - or even if any negotiations are taking place.</p>
<p></p>
<p>It reads to me like there is Phil.</p>
<p>Unleased so can't prove it by me.</p>
<p>Wonder what the land groups were / are trying to negotiate in my neck of the woods - or even if any negotiations are taking place.</p>
<p></p> I have never seen this issue…tag:gomarcellusshale.com,2014-08-17:2274639:Comment:6120192014-08-17T17:41:16.045ZPhilip Thackrayhttps://gomarcellusshale.com/profile/PhilipThackray
<p>I have never seen this issue in PA for wells that produce saleable NGLs. The landowner statements I have seen (XTO and Rex) call out the amount of NGLs from each well, and the sales price of each individual product. The royalty percentage is applied to the total sales amount. And, yes, the NGLs increase the royalty nicely. Because the NGL's have to be processed out of the gas stream the deductions for methane and NGL sales is higher than an all methane well.</p>
<p>Is something different…</p>
<p>I have never seen this issue in PA for wells that produce saleable NGLs. The landowner statements I have seen (XTO and Rex) call out the amount of NGLs from each well, and the sales price of each individual product. The royalty percentage is applied to the total sales amount. And, yes, the NGLs increase the royalty nicely. Because the NGL's have to be processed out of the gas stream the deductions for methane and NGL sales is higher than an all methane well.</p>
<p>Is something different in Ohio!</p>
<p>Phil</p> I really want to know also..…tag:gomarcellusshale.com,2014-08-17:2274639:Comment:6118822014-08-17T17:30:19.581ZJKhttps://gomarcellusshale.com/profile/JudyKiszonas
<p>I really want to know also..</p>
<p>Glad you brought this topic up!</p>
<p>I really want to know also..</p>
<p>Glad you brought this topic up!</p> Thank you for posting Al.
Ho…tag:gomarcellusshale.com,2014-08-17:2274639:Comment:6120162014-08-17T17:28:51.254ZJoseph-Ohiohttps://gomarcellusshale.com/profile/JosephEPowell
Thank you for posting Al.<br/>
<br/>
Hope we soon have a chance to negotiate a lease.
Thank you for posting Al.<br/>
<br/>
Hope we soon have a chance to negotiate a lease.