Dott
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Dott's Discussions

CHEVRON BIDS FOR ANADARKO

Started Apr 16 0 Replies

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

Ohio Supreme Court Clarifies Ohio Marketable Title Act

Started this discussion. Last reply by K2 Dec 20, 2018. 1 Reply

Supreme Court of Ohio Clarifies Ohio Marketable Title ActBY …Continue

ASCENT RESOURCES 1.5 BILLION BUYING SPREE BUILDS UTICA GIANT

Started Jul 23, 2018 0 Replies

Ascent Resources LLC said June 29 it made multiple Utica acquisitions totaling $1.5 billion set to make the Utica pure-play founded by the late U.S. shale pioneer Aubrey McClendon one of the largest…Continue

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Latest Activity

Dott replied to deutchen's discussion 'average royalties / acre?'
"I assume these monthly totals are before all of the deductions are taken out of the check correct?"
May 9
Dott posted a discussion

CHEVRON BIDS FOR ANADARKO

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 capital for this bid and maybe if it goes through they will go in another direction and not drill some of their currently leased property. Anyone have any thoughts?Last week Chevron sent ripples through the oil industry by agreeing to buy Anadarko in the sixth-largest oil and gas deal in…See More
Apr 16
Dott replied to shakeshale's discussion 'Permian Natural Gas selling at Negative $2.50 per MCF'
"I have read some threads in the past of people complaining that the producers deducted money from their checks for just this very thing. They ended up owing not collecting."
Apr 8
Dott replied to william george allison's discussion 'a living will'
"Nancy you may be correct that no deed is needed for the O&G company to change ownership  or at the very least to stop sending out checks to the deceased and hold them until they receive what they need. But in the end the new owner will want…"
Feb 3
Dott replied to william george allison's discussion 'a living will'
"William, I don't believe the O&G company will just pay you the royalty checks now by just showing them the will etc. You will have to have the rights deeded to you and then show them the deeds. They should hold the royalty checks in an…"
Feb 3
Dott replied to william george allison's discussion 'a living will'
"William, As GH has stated, mineral rights are considered real property. This is true in SOME states and it is true in West Virginia and Ohio to name a few.   So if you do inherit the mineral rights make sure you hire an OIL & GAS…"
Feb 2
K2 replied to Dott's discussion 'Ohio Supreme Court Clarifies Ohio Marketable Title Act'
"Depending which side of this argument you are on, the more troubling thing was the justice who wrote an opinion after the ruling that basically said she did not think the OMTA should apply to oil and gas rights.  She said that the Ohio Dormant…"
Dec 20, 2018
Dott replied to Jim Pollock's discussion 'Chesapeak sold expired leases'
"Donald, A Lawyer can probably help you with that if the O&G is not responding.  Also call the State Office  where the land and O&G titles are kept and present your problem to them.  Maybe if you can show proof of your expired…"
Dec 15, 2018
Dott replied to Jim Pollock's discussion 'Chesapeak sold expired leases'
"Jim Its possible that when Encino signed the 1st papers to buy your lease was not yet expired and Chesapeake was selling Everything. I am sure Encino was aware of this and it was just part of the deal. Also Encino now has all the information on you…"
Dec 14, 2018
Dott replied to william george allison's discussion 'executer of a will'
"The executor will open an Estate Bank Account with a special number from the IRS and all the royalties will go into that account and probably other Estate Money depending how the Will/Trust was set up. Multiple tax returns will happen (a yearly and…"
Dec 14, 2018
Dott posted a discussion

Ohio Supreme Court Clarifies Ohio Marketable Title Act

Supreme Court of Ohio Clarifies Ohio Marketable Title ActBY ILYA BATIKOV AND …See More
Dec 14, 2018
Dott replied to Jeff Kerr's discussion 'EQT AND ROYALTIES'
"Lamar, What percentage does Chesapeake take out for deductions? I have heard it can be as much as 40%"
Oct 14, 2018
Brent Morehead and Dott are now friends
Sep 4, 2018
Dott replied to kit's discussion 'Well producing, no Div orders'
"Amber, Have you contacted "owners relations" with Ascent to ask them about it? I believe there is a specific phone number."
Aug 19, 2018
Dott replied to kit's discussion 'Well producing, no Div orders'
"Amber, What company is producing the O & G?"
Aug 17, 2018
Dott replied to Shower Bath's discussion 'Chesapeake Energy announces the sale of their Ohio Utica Shale for 2 billion'
"MIke, You were not getting paid for NGL's? I believe others on this site including those with CHK have been paid for NGL, even showing a check stub. How can they square that? On another note I just noticed that the lease I inherited is also an…"
Aug 11, 2018

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 (1 comment)

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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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Forgotten Men and Women of Canadian Energy Industry Protest

Posted by Thomas J Shepstone on January 4, 2019 at 10:37am 0 Comments

The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

Whenever I go to New York City, which is as seldom as…

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