Comment

Comment by Steve Wagner on July 8, 2012 at 3:48pm

Cords strung up 3rd st. In Marietta that go all the way up muskingum dr. and up St rt 821 past the exit 6 ramp!

Comment by k farmer on July 8, 2012 at 3:42pm

Five siesmic trucks at the fairgrounds tonight.  A geophysical company from Plano, Texas.

Comment by James McDowell on July 8, 2012 at 10:08am

Thanks for the thoughts Steve. I am pretty savvy in contracts so I wish to handle my property on my own. What are the 4 Companies that they are negotiating with? Do you know what are the sticking points? I think I am looking for a Company to form a partnership with not just lease.

Comment by Steve Wagner on July 8, 2012 at 9:46am

A landowner group is your best bet. Talk to neighbors and see if they are signed up. Southeast Ohio landowners Assn. is who I'm with. They are negotiating with 4 O&G companies now and are close to a deal.

Comment by James McDowell on July 8, 2012 at 7:26am

I have a few hundred acres in Washington County and looking to lease. Can anyone point me in the right direction to a Company that is interested in this. My property is pretty Contiguous and would like a hand from anyone in the area. Thanks

Comment by Dee A on May 30, 2012 at 6:48am

As to 14 million, that figure means nothing until it's in context. If they did all the leg work, got the owners a high figure and great land protections, dealt with all the stress and paperwork and negotiating, etc., and then got 14 million for securing the landowners maybe 350 million, that is just fabulous!

Comment by Dee A on May 30, 2012 at 6:44am

Utica...ah....so you are one of those folks that are trying to keep landowners from joining groups or hiring attorneys?

Steve, I was thinking the same thing about your post, only backwards. LOL

Comment by Utica Shale on May 30, 2012 at 6:25am

It's goofy until you realize that group that has 70,000 acres just paid the negotiator $14 Million from their signing bonuses.

Comment by Steve Wagner on May 30, 2012 at 6:16am

Dee A said it WAY better than I just did with my long commentary.

Comment by Steve Wagner on May 30, 2012 at 6:12am

Utica,

 Like you said, both are paid for by the driller. I'm a landowner, therefore I believe in case #1 I pay taxes on the income that I received which would be the $4000/acre.  I would rather pay the 35% to 42% taxes on case #1 than #2!! The fees to the Negotiator's(Lawyers) being paid for their services would be taxed as income to the Lawyers. The driller would send the 1099 to the Lawyers and they are responsible for the taxes on their income.  I was told that the O&G were ok with this(which they agreed to it) because they can keep the numbers down. It's better for them to announce $4000/acre and pay the fees than to announce $4200/acre. The down fall for the landowner might be (I'm not an accountant) is using the fees as a deduction on my taxes. I'm not sure as I have talked a little to my accountant but did not cover this. All I know is that SEOLA's team of Lawyers are WAY more knowledgable at Negotiating with the O&G than I am.

 

 

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