Dott
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Dott's Discussions

How Is Severance & Ad Valorem Taxes Collected & Paid on Production/Royalties in Ohio?

Started this discussion. Last reply by Pole Cat Jul 25. 2 Replies

For those of you receiving Royalties on Oil & Gas Production in Ohio do the Producers deduct the taxes from your Royalties and pay Ohio the Severance Tax and Your Local Township the Ad Valorem on…Continue

Is anyone seeing leasing activity in Southeastern Tuscarawas?

Started this discussion. Last reply by David Cain Jun 8, 2022. 17 Replies

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

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

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

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Dott's Page

Latest Activity

Dott replied to Walt's discussion 'Guernsey County'
"Remember the most important thing is that you want to get leased. The Bonus money is not the most important but a good GROSS royalty because that will benefit you for years to come. And at a minimum pay a lawyer to look at the lease for any red…"
Aug 21
Dott replied to Walt's discussion 'Guernsey County'
"Oh and just a heads up when I tried to stream virtually a few months ago it did not work so I had to call in to listen."
Aug 17
Dott replied to Walt's discussion 'Guernsey County'
"Look this website up:  Events Calendar | Ohio Department of Natural Resources The soonest I found for Guernsey  was Sept 06 for Ascent. Click on that days hearing for specific information on the time and how to call in. Meeting…"
Aug 16
Dott replied to Walt's discussion 'Guernsey County'
"OOHRAH, In Tuscarawas County Encino/EAP paid an average of 3,000 an acre so some more and some less. Mostly 15% some got 16% GROSS. Make sure it is Gross and have a Lawyer check the wording for that in the lease because they like to twist the…"
Aug 10
Dott replied to Walt's discussion 'Guernsey co.'
"Congratulations Walt. Thanks for updating us!"
Aug 8
Dott replied to tacoma7583's discussion 'Columbiana County, Ohio Lease rates??'
"EAP is very active. DPS Land Services does the leasing for EAP/ENCINO in PA, Ohio and West Virginia. Contact them 724-705-0444 or on the web dpslandservices.com. That is what I did."
Aug 1
Dott replied to Matt's discussion 'Gross Proceeds'
"Matt, This is one of the most important clauses in your lease. Always have an Oil & Gas Attorney review it because the Landman twists the wording around to say one thing at the beginning of the clause but then the opposite  in another…"
Jul 28
Dott replied to James booth's discussion 'Selling my rights'
"EAP is forming Units in Southeast Tusc. Things are starting to happen. When O & G companies begins to lease people the companies that buy minerals begin sending out their letters to purchase because they do know something."
Jul 27
Dott replied to White Tiger's discussion 'Leasing in Sharon Twp, Noble county, ohio'
"I don't know about Noble County , Ohio but in Tuscarawas County, Ohio I believe bonuses have been paid between $2,000.00 and $4,500.00 an acre with a Gross Royalty of 15-17%. This has been over the last two years. Some I'm sure more and…"
Jul 26
Pole Cat replied to Dott's discussion 'How Is Severance & Ad Valorem Taxes Collected & Paid on Production/Royalties in Ohio?'
"Antero Resources deducts severance tax/Ad Valorem from my royalty income. I am a mineral owner, I do not own the land."
Jul 25
Massey colt replied to Dott's discussion 'How Is Severance & Ad Valorem Taxes Collected & Paid on Production/Royalties in Ohio?'
"Ascent deducted from the March royalty check. Understand that it was based on 2021 production."
Jul 24
Dott posted a discussion

How Is Severance & Ad Valorem Taxes Collected & Paid on Production/Royalties in Ohio?

For those of you receiving Royalties on Oil & Gas Production in Ohio do the Producers deduct the taxes from your Royalties and pay Ohio the Severance Tax and Your Local Township the Ad Valorem on your behalf (your share)? Specifically for those of you who only own the mineral rights and not the land. Or do Auditors/Tax Assessors send you tax bills?Again I am not talking about land that you own just Oil & Gas Production.Over the years I have read articles but I think things have changed.…See More
Jul 23
2 Comments
Dott replied to farmgas's discussion 'Surging Natural Gas Prices'
"Ralph, Can you elaborate on "Wet Gas is falling out of favor"? Wet gas is used to make many products and is a different commodity than oil and dry gas. We still need it for plastics etc. Unless because the consumer is buying less is why…"
Jun 14
Dott replied to James booth's discussion 'Selling my rights'
"James, I've always been told "Never Sell" even by a few Landman. Yes you will get up front money if you sell but you will be giving up royalties for the rest of your life. And that is where the real money is. Someone else will be…"
May 2
Dott replied to jeannie's discussion 'anyone being approached about leasing again?'
".This information is for the Ohio's Recorders office for Deeds, Leases etc. Just select your County. https://countyfusion12.kofiletech.us/countyweb/loginDisplay.action?... Once you put in your name or parcel number it will bring up multiple…"
Apr 28
Dott replied to jeannie's discussion 'anyone being approached about leasing again?'
"Once you put in your name or parcel number it will bring up multiple columns of information. Under the "Document Type" column you will see " Deeds", "Transfers", "Releases" etc. and "Memorandum…"
Apr 27

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)

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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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