"I think Ironhead is a Flipper. When they tried to lease my O&G rights a year ago in another area they lo balled $500.00 an acre. They were not leasing for anyone but themselves. Come to find out there was activity beginning in the area and they…"
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Dott
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Dott's Discussions
Is anyone seeing leasing activity in Southeastern Tuscarawas?
Started this discussion. Last reply by David Cain Jun 8, 2022. 17 Replies 2 Likes
Has anyone approached you to lease your oil and gas rights in Southeastern Tuscarawas?If you would rather Friend me please do so .ThanksContinue
Inquiring About Ironhead Resources
Started this discussion. Last reply by Dott Oct 14, 2021. 2 Replies 0 Likes
Does anyone know about or have signed a lease with Ironhead Resources ?Continue
WHAT ARE LEASES GOING FOR THESE DAYS?
Started this discussion. Last reply by Frank J Moll Sep 29, 2021. 4 Replies 0 Likes
What is the signing bonus and royalty percentage (without deduction) in leases being signed now a days?I have kept up with what has been going on with Oil and Gas in General, anyone is lucky to get…Continue
CHEVRON BIDS FOR ANADARKO
Started Apr 16, 2019 0 Replies 0 Likes
In the end someone else may ultimately buy Anadarko in a bidding war but I think this explains why Chevron has not drilled some of their leased property in Ohio. I think they were saving their…Continue
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Dott's Page
Latest Activity
Dott replied to Keith Mauck (Site Publisher)'s discussion 'Guernsey Lease Offers: County / Date of Offer / Royalty % / Bonus Per Acre / Acreage' in the group Guernsey County, OHDott replied to Kathi Albertson's discussion 'How many acres in current drilling units'"Kathi,
With longer and longer laterals the companies are trying to expand the unit size in the leases for horizontal. A year ago my lease was
1280 acres with 10% tolerance"
Dott replied to farmgas's discussion 'Surging Natural Gas Prices'"Spike,
Sign in and then at the top underneath the 1st reply box on the left is a small "mail icon" that will say "Stop Following-Don't email me when people reply". Click on that to stop following. BUT YOU HAVE TO SIGN IN FOR…"
Dott replied to Tusc-county-man's discussion 'sierra buckeye llc'"Tusc county man, Glad you got your answer. That right I do recall that CHK as well as Chevron got a lot of the leases from Sierra Buckeye."
Dott replied to Tusc-county-man's discussion 'sierra buckeye llc'"Tusc county man, I don't know anything about EOG but looking them up they seem to be a drilling company. So an oil and gas company who has now leased or bought leases probably hired them. It could be EQT or Pin Oak that hired them. So who is…"
Dott replied to Tusc-county-man's discussion 'sierra buckeye llc'"Tusc-county-man, Wow haven't heard that name in a while. They sold to Chevron who renewed the leases but then sold them to Pin Oak and EQT who let many of the leases expire. EAP/Encino then came in and has been leasing most of the area…"
Dott replied to jett's discussion 'Shut-in clauses'"Jett, There really is no standard shut in clause. My lease had a clause which my attorney and I felt was not friendly so we added a different clause, not a perfect clause but one in which the O & G company would agree. It really depends on what…"
Dott replied to nc man's discussion 'Ascent Offers.'"Thanks Jett,
LOL. I guess I just confused myself because my earlier posts were indeed correct.
It can be confusing especially trying to decipher the language put into the lease by the O & G companies. That is why my lawyer added an…"
Dott replied to nc man's discussion 'Ascent Offers.'"NC and Everyone,
I made an error in past posts on Net and Gross Royalties. Of course you want your royalty to be Net. And Cost Free may be the better term to use. I mistakenly switched the Gross and Net. I hope this did not confuse too many and I…"
Dott replied to nc man's discussion 'Ascent Offers.'"NC,
You are welcome. Just want to be able to help anyone in your position against the O&G companies because they can be ruthless.
Don't take their NET Royalties. MOST companies are gladly giving GROSS royalties now because people are…"
Dott replied to JK's discussion 'Stolen Royalties!'"Heidlebergman is correct. It is very difficult to decipher when property has been sold and Oil and Gas rights may have been reserved.
When a property is to be leased a Landman (or other) goes to the Title Office and does a chain title research…"
Dott replied to JK's discussion 'Stolen Royalties!'"JK,
It sounds like an O & G company did not do a proper title search somewhere along the line when the property was leased or someone just made an error in their office. If your Lawyer has someone do a title search on that parcel…"
Dott replied to JK's discussion 'Stolen Royalties!'"JK, An oil and gas Attorney will give you a FREE 30 min consultation. He will tell you your options. I don't know how it works in WV but in Ohio on the ODNR website they have a well database with Platmaps. There you can see the Names and…"
Dott replied to nc man's discussion 'Ascent Offers.'"NC MAN,
I just leased with an O&G company in Tuscarawas County and they are offering most Lessors $2,000.00-3,000.00 for a 5yr/5 yr and 15% Gross.
Now there may be others that are getting more or less from them but that is the average. Most…"
Dott replied to boop's discussion 'Lease rates'"Joe, In dealing with 3 different companies over the years I found that the Landman are not allowed to give you a proposed unit map because it is speculative, subject to change and highly confidential. The most a Landman may do is give you verbal…"
Dott replied to Frank De Fede's discussion 'Lease vs. selling minerals'"Booger,
If you don't mind sharing info I would appreciate it. I have sent you a friends request."
Profile Information
- What is your role?
- Landowner
- Which state(s) are you following?
- Pennsylvania, Ohio
- What shale plays do you follow?
- Marcellus, Utica
Comment Wall (2 comments)
- At 7:46pm on March 7, 2022, pinehill said…
Not sure how to contact private. But I did find your friend request.
- At 7:56pm on December 7, 2017, David Allen Lilly said…
Hello Dott,
I don't recall off hand who you leased with or where your property is. Our well went on line in March of 2016, at that time oil was really low and our first royalty check was $750 an acre per month.
Our last check has an error which I haven't addressed yet but the previous check was for 3 months at over $9000 for 12.5 acres.
I wouldn't put any stock into people trying to tell you that they can calculate your future royalties, they cannot, there are just far too many unknowns and far too many unpredictable parts of the equation.
Go Marcellus is a fine site but there is far more effort to convince people to sell their royalties than I am comfortable with.
As far as your royalties go for the most part you will have to trust the producers, they are probably going to be less than totally fair with you but it is very difficult to prove they are fraudulently shorting you.
I will be happy to try to answer any questions you have if I can, I wont pretend to know things I dont know about.
Hope some of this helps,
David
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