Comment

Comment by myles fetterhoff on June 25, 2012 at 11:59am

B. For gas and other hydrocarbons produced with gas, To pay lessor, as royalty for the gas, saved and sold from the leased premises 18.5 of the net amount realized by lessee for the sale and delivery of such gas. Payment of royalty for gas marked during calendar month to. E on or Bout 60th day after receipt of such funds by lessee, shall be based on the net amount realized by lessee , mineral ownership.

Comment by myles fetterhoff on June 25, 2012 at 11:50am

5. Royalty payments less covenants and agrees
A. for oil, to pay lessor. Eighteen and one-half percent of the net amount paid to lessee for all oil produced ,saved and sold from the leased premises. Payment of royaly for oil marketed for oil marketed during calandra month to be on or about 60 th day after receipt of such funds by lesse , subject to lessee's verificAtion of lessor's mineral ownership.

Comment by Jim Litwinowicz on June 25, 2012 at 4:06am

You can't point out one instance of me lying because I don't don't. And I just defend me and mine when we are attacked, which is quite often. On the other hand, you just posted something that is patently wrong. It may have been a mistake on your part if you were given incorrect information.

Comment by myles fetterhoff on June 25, 2012 at 3:55am

How much you lied in your pockets with Jim On top of that I bet you don't even have a job because you seem to be on here a lot more than anybody else in anybody has anything else to say you attack them

Comment by Jim Litwinowicz on June 25, 2012 at 3:43am

The following was cut and pasted direct from the lease ..."Royalties shall be paid without post-production deductions for the costs of producing, gathering, storing, separating, treating, dehydrating, compressing, transporting, or otherwise making the oil and/or gas produced from the Lease Premises ready for sale or use"

Plus, the royalties are 18.5%, not 18%.

Myles;  I don't know if you are lying, were fed incorrect info from someone within your organization, or just have a reading disability but you need to know the facts before posting.

Comment by Bob Jenness on June 24, 2012 at 5:27pm

Where can we find the lease? Who are the principals?

Comment by myles fetterhoff on June 24, 2012 at 4:20pm

it sounds like the lease language makes you pay for alot of costs incurred by the energy company.  Gathering,  marketing,  compression,,  dehydration,  transportation,  processing  and removal of liquid hydrocarbons and impurities. 

Comment by myles fetterhoff on June 24, 2012 at 3:47pm

First of all it's 18% of the net amount not the gross

Comment by petej on June 24, 2012 at 3:12pm

Myles,

Please share with all! What sample lease and what issues do you have with it? You may want to start a discussion on this topic! Please ..detail, .. detail.. detail! This forum is to help all landowners. These one on one arguments help no one. Also, with the time lag, I guess you are talking to Jim Litwinowicz?

Comment by myles fetterhoff on June 24, 2012 at 10:14am

Hey,   jim this sample lease from the people your asking sign up.  Wow! Have you read the sample.  

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