Comment

Comment by scott peterson on August 26, 2011 at 3:37pm

Yup

Comment by Philip Brutz on August 26, 2011 at 3:17pm

Is it legal to not give royalties? I thought that the state minimum was12%

Comment by scott peterson on August 26, 2011 at 3:14pm

Could be MUCH more than that too.

Comment by scott peterson on August 26, 2011 at 3:12pm

no royalty............oh no!

Comment by Ken & Jill Nehls on August 26, 2011 at 2:59pm

Just talked to a neighbor in Oxford township:  Signed up with Chesapeake and no royalties @ 4500. per acre. While the amount per acre is better, the loss in royalties is tremendous.   That's what happens when people don't listen and check out other avenues.

 

Imagine $750. to $1,000. per month per acre in royalties. That is Eclipse.

 

Jill

Comment by Ken & Jill Nehls on August 26, 2011 at 12:52pm

I will get that wording from the lease and paste it here. 

 

Jill

Comment by DM on August 26, 2011 at 12:44pm

Bob - Any idea what they are offering?  I should have asked while he was here, but it really didn't matter to me, just curious.

Comment by DM on August 26, 2011 at 11:11am

A young guy repesenting Amarado Oil Company, Ltd. just stopped by to give me some info. I stopped him short because I was not interested, as I'm sighned on with KWGD. 

 

His business card reads:

Jefferey L. Riggans

Inderpendent Oil & Gas Leasing Agent

114 Southgate Parkway

Cambridge

 

The Home Office # was a 685 number which is Pleasant City.  Young guy, couldn't have been past his mid 20's.

Comment by Nelson Roe on August 26, 2011 at 7:53am

Yeah, that would be interesting to actually read.  Would there be any way that you could post the wording of that paragraph? 

Comment by scott peterson on August 26, 2011 at 6:15am

Doesnt make sense. Would love to read that section.

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