Comment

Comment by shantycreekfarms on January 2, 2012 at 4:11pm

 Thanks Mark. I thought the same but thought you might have called. I did and found out there cut is 8%. Kinda steep!!!!!!!

Comment by shantycreekfarms on January 2, 2012 at 3:43pm

Edward email me at shantycreekfarms@gmail.com need some input on a meeting.

Comment by Ed Ganelli on January 2, 2012 at 3:40pm

Brad...I have a copy of the WishGard lease...the Pugh Clause in the addendums page offers no protection to the landowners.  TONS of ways for O & G companies to use loopholes in it for their advantage (i.e. - they'd be able to hold up to 40% of lease land forever even if that land is not included in a drilling unit...).  The WishGard lease is, simply, about the worse possible lease a landowner could sign to benefit themselves - O & G company friendly, many loopholes in it, and unable to be LEGALLY challenged once signed.

Adam - you KEEP saying "all leases have this..." about every problem I and/or anyone else has ever pointed out with WishGard leases...SHOW examples!!!!

Comment by Brad on January 2, 2012 at 3:32pm

Noted....thanks Craig.

Comment by Craig Stull on January 2, 2012 at 3:22pm

Brad, there are several o/g  lawyers nationwide that have seen the ALOV lease and they will agree with you one hudred percent. Adam Thomas has a excuse, he is a no good land flipper that works for wishgard if you already did not know,  and the other guy Mark simplely does not know what he is talking about, come on Mark back your statement up!!! Brad dont waste your time on these two.

Comment by Ed Ganelli on January 2, 2012 at 3:20pm

Adam

You seem to have an issue with me only having a few acres to sign up...am I taking it that you're saying small landowners are unimportant to WishGard??? 

Still the same as it's been throughout these different forums on this site - you CAN NOT give even ONE reason that landowners will benefit from signing now with WishGard.  Not ONE!

Comment by Brad on January 2, 2012 at 3:10pm

Adam,

No need to provide the pugh clause excerpt from Buckeye Lease - I have the lease.  I would be interested in seeing the pugh clause from a Wishgard lease - the lease that individuals in Trumbull/Ashtabula are actually signing.  Can you provide that?

Comment by shantycreekfarms on January 2, 2012 at 3:07pm

Mark have you talked to washingtonpalawyers yet? If so what do you think of them.

Comment by Brad on January 2, 2012 at 3:05pm

Mark,

I'm not concerned about having an "open discussion", but I am concerned when facts are misrepresented.  Can you provide an actual example of a better Pugh Clause for the "many" leases that you referred to? 

Comment by Adam Thomas on January 2, 2012 at 2:51pm

Brad, I am sure that they will figure it out. Unfortunately when it is too late for them. The clause that you refer to is called the Pugh clause and I will give you exact quotes from the buckeye lease as soon as I get time. yes Wishgard has a Pugh clause and no it doesn't have wording in it that opens loopholes up for the driller.
Edward, I would like to point out that the buckeye mineral lease also has an arbitration clause because those people that have sense realize they don't want to fight a multi-billion dollar oil company in court!!! Get over that rediculous idea. Go sign your own lease on your couple acres and find something else to do.
The implied covenant says basically says that the landowner can't sue the oil and gas company if another company drills in the area and they don't immediately drill on their acreage to protect from drainage. This is done particularly in a package acreage because they can't protect every last property. Particularly when acreage is scattered around and not in perfect droppable blocks.

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