Replies to This Discussion

Permalink Reply by Mark Thompson on May 25, 2012 at 3:05pm

Jim

Fair enough, your group is not taking any royalties.  Thanks.  What percent or dollar amount of signing bonus are you charging?  What is the benefit that your group is offering to compensate. I think that is a fair questions.  Please respond. 

Permalink Reply by Lorrene Wagner on May 25, 2012 at 3:57pm

Mark,

I think I can answer the question you asked Jim as I have been doing some research.  If Jim is referrifng to Morascyzk and Polochak law group they charge 6% of your up front money and no royalties.  This is once you get paid of course.  I don't think this is a bad deal IF they can get you a good lease.

Lorrene

Permalink Reply by Jim Litwinowicz on May 25, 2012 at 4:09pm

Mark;  Lorrene is right, we get 6% of the bonus only if and when you get paid. If you sign a lease and it turns out you don't own the rights, then you owe us nothing. We will even try to clear up title issues that arise at no extra cost.

We have a long history of getting the most money with the best terms at the time of signing with all of the groups we have signed. The money has always been more than enough to cover our fees and the good terms add to that value.

Permalink Reply by Mark Thompson on May 26, 2012 at 12:25am

Jim

I appreciate your answer.  Can you give some examples of the long history you speak about?  What leases have you been able to acquire for landowners?  What is the time period?   Is there an a copy of your agreement available online for review?  What is the acreage requirement?  Scattered acreage, or contingous?   All townships of Venango?    Thanks!

Permalink Reply by Jim Litwinowicz on May 26, 2012 at 8:03am

Mark;  M & P has helped landowners lease over 300,000 acres in three states with ten different companies. I cannot go into 35 addendum here, that is why we have meetings.

We are taking all of Venango Co, a six month agreement but we hope to have an offer soon. Any acreage but 5 acres or more preferable.

Permalink Reply by Mark Thompson on May 26, 2012 at 3:36pm

Jim

Ok, you are offering a marketing agreement in which you basically tie of mineral rights with no guarantee and you hope to have an agreement?   Is all the acreage that you sign included or does the company you sign with get to pick and choose what the want to keep?  Do your addendums include a pugh clause?   If you have 35 addendums please direct us to the site the can be found, or just them.  Thanks for the information.

Permalink Reply by Jim Litwinowicz on May 26, 2012 at 5:23pm

We don't allow companies to cherry pick parcels, Of course we have a Pugh clause. There is no site as every negotiation and every lease is unique. We present the best offers to the landowners and they decide if it is acceptable, not us. Its totally up to the group. If they don't like a certain aspect of the lease, they can tell us to continue negotiating until they get one they like or they decide not to lease.

Come to a meeting to get all your questions answered.

Permalink Reply by jb379 on June 12, 2012 at 8:45am

Jim,

 

What companies have you completed deals with?

 

JB

Permalink Reply by Jim Litwinowicz on June 13, 2012 at 1:48am

M&P has done deals with ten different companies in three different states.

Permalink Reply by jb379 on June 18, 2012 at 4:45am

Just curious as to who the companies are that M&P has completed deals with, which is quite important information....I can tell you I played "professional baseball" but that does not tell you if I played for the NY Yankees or the Charleston River Dogs (their single A team...still "professional ball"). 

Permalink Reply by jb379 on June 21, 2012 at 9:14am

not sure why this is such a difficult question to answer....nontheless, I am guessing I'll have to "attend a special meeting" in order to get my answer as to who the 10 companies were....no thank you, good luck.

Permalink Reply by Jim Litwinowicz on June 21, 2012 at 11:37am

Because i I take the time to answer every question, then I get accused of dominating the site and using it to my advantage. If you are seriously looking to learn more, taking an hour or two to learn as much as you can doesn't seem like too much to ask. We go over drilling technology, lease terms, unitization and how it affects you, and other issues that people should know before signing a lease along with answering all questions. Even if you don't join our group, you will learn much.

If you cannot spend an hour or two to learn, not only about our company but also many aspects of both drilling and leasing, then I wish you luck.

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