Replies to This Discussion

Permalink Reply by 0i7okn54zwbdo on June 19, 2012 at 2:15pm

Your English teachers would be ashamed of the fact that you don't know the difference between your and you're.

Permalink Reply by mbc on June 19, 2012 at 5:09pm

I suspect he wasn't listoning to his English teacher.

Sorry, couldn't resist.

Permalink Reply by 0i7okn54zwbdo on June 20, 2012 at 3:49am

Zing!

Permalink Reply by 1w1vl8clda7t4 on June 21, 2012 at 3:46am

Shocked at the ignorance,

First of all, I’m not a land man and I have nothing to do with the O&G industry. Second of all, I am an un-leased landowner in Richland & Ashland Counties. Thirdly, I am a landowner advocate looking out for the best interest of landowners!

 

As far as your challenge, I have one better. Take your Wishgard lease to an attorney who is reputable in the oil and gas industry and have them vet it. If after vetting your Wishgard lease, said attorney finds it to be an acceptable landowner friendly lease, and said attorney finds that Wishgard was acting in a fiduciary capacity, I will stop blogging on this site, and I will no longer post any information or advice...I’ll even give you 50-1 odds.

 

In addition, in regards to signing an oil and gas lease, you are looking in the short run and not the long run. Yes, in hard times it is tempting to sign a non-landowner friendly lease with $$$ in your eyes. Unfortunately, the ramifications of such shortsightedness will continue to haunt future landowners for generations to come…just ask anyone in Southern Ashland County who has a natural gas storage lease with Columbia Gas (assigned to Chesapeake) that was signed by a previous landowner/ancestor many years ago. They do not have the choice to sign or not to sign an O&G lease because of the imprudence of past generations. In some cases, a bird in the hand is better than two in the bush, but it totally depends on the type of bird in your hand vs. the type of bird in the bush. (Hawk vs. Dove)

This is America, and we have the freedom to voice our opinions. I choose to be a voice that uses facts and figures that speak for themselves. We both have different opinions on what the obligations are of the O&G companies, which I respect, if we didn’t disagree there wouldn’t be anything to debate about. As a landowner, I can only wish you the best in your O&G endeavors.

 

Here is a link to several O&G Leases that are landowner friendly for both private and public entities:

 

http://sdrv.ms/MhNH9B

 

Permalink Reply by J Nestor on June 22, 2012 at 4:01pm

I have heard that when you do join these groups that when they are in negotiations with the O&G companies that the lease terms that they have said you will get start to get altered. I am not a member of a group, yet, I will see. I have land in WV. Just wondering if anyones terms have changed drastically when they sit at the table and then you are stuck or just do not sign. It seems like a long time to be tied up if things go bad at the end of the negotiations.

Permalink Reply by Nate on June 22, 2012 at 6:03pm

F&M told people that joined them they could keep their Clinton. So when my colleague went on signing day to sign up and saw that CHK was leasing all formations he asked if the Clinton was excepted. They said that it's all formations and he can sign or walk. So to put it short these groups are not about the collective but about the folks who make a mint by  having the sheeple line up behind them with their hat in their hand.

Permalink Reply by J Nestor on June 22, 2012 at 6:20pm

I think this is just the tip of the iceburg, I would like to know also if they did submit to the O&G companies then how bad was it, I do not want to wait a year and a half just to get my lease gutted. But if it is just minor things then I would like to know what to expect and if it could be a good thing. Maybe there is not a right answer.

Permalink Reply by Nate on June 22, 2012 at 6:31pm

Most leases now are good out the gate. This site gives you enough knowledge to make your best deal without giving money to some parasite for no value added. In fact these groups are chasing away drillers from areas because of their greed. Example: Anadarko in Holmes and most surrounding counties.

Permalink Reply by J Nestor on June 25, 2012 at 4:43pm

I will keep that in mind.

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