Comment

Comment by William Ladd on June 23, 2010 at 1:17am

Just for the fun of it I have been thinking of what we need most if we get this hassle straighten out and get a few dollars. First will be a different vehicle. Our vehicle is a 4 wheel drive SUV. But the front wheels do not engage properly anymore. It also uses too much oil and gasoline.

We'd like to establish a savings account of some sort for our little grandson Will for he education. He is only 4 years old now. Have also been thinking of paying off our son's college loans. He is doing pretty good with that by himself however. He had a job before he even finished college. But then was laid off. A few months later he landed an even better job and has been booted up to a better pay increase several times since.

Now he has to help us out somewhat. He is 50 years younger then I am. And his mother is 20 years younger then I am. She is a diabetic and is on disability. And now is having knee problems. I am 75 and of course retired with a very small social security.

I presume that many folks have similar problems to solve. This marcellus deposit will be a great help for us all.

Bill L.
aka Bummy

Comment by Bonnie M on June 7, 2010 at 12:21pm

http://online.wsj.com/article/BT-CO-20100607-712262.html?mod=WSJ_la...

UPDATE:Penn Orders EOG To Halt Drilling Following Well Blowout

Comment by Lynn Wigglesworth on March 28, 2010 at 11:41am

Josie; I assume any tracts would have to be contiguous to be of any use for drilling.

Comment by gerald f miksis on March 11, 2010 at 4:58am

don't worry about new legislation. exxon has 41 billion resaons why nothing is going to happen

Comment by Michael Karpiak on March 11, 2010 at 4:32am

I agree 100% Brian..........looking at the contributions these companies are giving....they probably already know the laws before they are passed.....

Comment by Brian Day on March 11, 2010 at 4:02am

O & G companies have been at this game more than a century. It is very hard for any of us to catch up with that subculture. New information comes at me so fast, on a daily basi, that I would never consider my self anything but a novice on this leasing business. I have a feeling at this point in the developement of the "play" that the O & G companies are anticipating new legislature limiting what they can do. The legislature probably won't be a great surprise for them. They probably already have predicted the three or four possible types of new laws. they would have seen it time and again elsewhere.

Comment by Michael Karpiak on March 10, 2010 at 4:59pm

I wonder how much the "upper management " tells the landmen. Im sure the landmen know some of the people that they are trying to get leases from. The upper management ( just like a lot of other companies ) do not tell the "lower management everything in order to not "tip off" the landowners.........but I know for a fact that your right about the bag of BS.......they tell the landmen tell them anything so they sign. Like my lawyer said.........Rule #1 DO NOT BELIEVE WHAT A LANDMAN TELLS YOU. Rule #2 REVERT BACK TO RULE NUMBER 1 But someone knows exactly whats going on..........Sort of like buying a car..........you can get them down a little bit but they will not lose money on the deal

Comment by Brian Day on March 10, 2010 at 3:22pm

Royalty amount can depend on if it is taken from the well head price or after the driller takes out some expenses. Also, the market price of gas fluctuates a lot. Most of all, I think these land men are given a bag of bullshit to dole out to get you to sign what they want. i doubt seriuosly if most of them have a reall clue about royalty amounts or other fine details. God forbid they would say that they don't know something. after all, they know everything about this business- hands down - case closed.

Comment by Wm. Robert Blackwell on March 10, 2010 at 1:05pm

The landman's name is Michael Goodin he represents East. I orginally was contacted by a landlady named Denise, but she no longer works for the company.

Comment by Wm. Robert Blackwell on March 10, 2010 at 12:52pm

I really don't know, I am going to speak with him again this weekend. Hopefully I can clear some things up.

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