Replies to This Discussion

Permalink Reply by Oil and Gas nightmare on September 17, 2010 at 7:06am

yes 2% but he is bringing the gas company to the table and coal company as well. I figures although high, if he can deliver what he says he can, which would be %20 royalty, we are ahead of the game by 6% even after his share. I am going to clarify with him this part BUT the 2% doesn't bother me if he handles everything, not just reading the lease...and I figured knowing the gas people already finding a taker if you will would be quicker using him, than me shopping it on my own. I am sure the companies are getting overwhelmed with calls, so I see it as price to pay for quick deals going into place instead of playing the waiting game... what cha think?

Permalink Reply by Lynn Wigglesworth on September 17, 2010 at 8:17am

Your situation is different than in Tioga County...we aren't dealing with coal companies. Why is a coal company involved? That's a totally different operation, unrelated to gas drilling.

I don't know the situation where you are, but you don't have to "bring them to the table" in this area...if they are interested, they come looking for YOU...that's why landmen are as thick as fleas around here. It's not that complicated; it pays to have a lawyer look at a lease, but I'd never pay that kind of money to have him negotiate for me.

I wanted to add that here deals are pretty 'standard'...it's not like people are getting much better deals by fancy negotiating...you might get a clause or two that protect you as a landowner, but you'd never get a deal good enough to justify paying 2% of your royalty to a lawyer.

Permalink Reply by rmc on September 23, 2010 at 12:57am

Hello I'am aslo in Greene County but Richhill Township. You don't need to give 2% to an Attorny pay by the Hour. Sam Douglas or Don Saxton are couple of the best ones.

Permalink Reply by Lynn Wigglesworth on September 17, 2010 at 4:32am

Greene County is pretty far from Tioga County. I'm sure they have a whole different set of issues and different gas companies working there. There's a forum at this site for Greene County; they could probably answer your questions better.

Permalink Reply by John Tugwell on September 23, 2010 at 2:11am

Has anyone heard of a company called McKelvey Gas, which is looking for investors to finance Marcellus drilling?

Permalink Reply by William Ladd on September 23, 2010 at 3:49am

Good morning John. There appears to be a Mckelvey Gas listed in search blanks of the internet. I did not look at it. There are other McKelvey listings that seem to be related to the industry. I suggest that you check these search blanks for more information.

Bill L.
aka Bummy

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