Dott
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Dott's Discussions

Is anyone seeing leasing activity in Southeastern Tuscarawas?

Started Sep 29 0 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. 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. 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

CHEVRON BIDS FOR ANADARKO

Started Apr 16, 2019 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

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Dott's Page

Latest Activity

Dott replied to Dott's discussion 'Inquiring About Ironhead Resources'
"Thank you Joe"
Oct 14
Joe C. replied to Dott's discussion 'Inquiring About Ironhead Resources'
"I think it's another name for Ascent resources "
Oct 14
Dott posted discussions
Sep 29
Frank J Moll replied to Dott's discussion 'WHAT ARE LEASES GOING FOR THESE DAYS?'
"Companies are no longer leasing to lock in land. From what I am seeing in our area the only leases they are interested in is what they need to finish out a unit that they plan on drilling in the next 24 months, with that most of them are proposing a…"
Sep 29
Dott replied to Dott's discussion 'WHAT ARE LEASES GOING FOR THESE DAYS?'
"If anyone would prefer to email privately please Friend Me on this website. I would really appreciate your input. Thank you Everyone"
Sep 29
Dott replied to Dott's discussion 'WHAT ARE LEASES GOING FOR THESE DAYS?'
"Thanks Frank it does help it tells me that some companies are still trying to Low Ball. What do you mean "unless they have drill schedule"? Is it that they are pinpointing where they want to drill, signing them up and drilling almost…"
Sep 29
Frank J Moll replied to Dott's discussion 'WHAT ARE LEASES GOING FOR THESE DAYS?'
"Latest I have seen is 2,000 to 2,500 an acre for 3 year lease and 16% royalty with the right clause for no deductions (very important to get the correct language) This was for Harrison county both Cadiz and Stock township....Also it seems that…"
Sep 29
Dott posted a discussion

WHAT ARE LEASES GOING FOR THESE DAYS?

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 leased at all. I also realize that it depends on the area, but if anyone has any input in general I would appreciate it.The area in question is Southeastern Tuscarawas County so anywhere nearby including neighboring PA would be helpful. Thank you See More
Sep 28
Dott replied to farmgas's discussion 'Rumors & Facts...'
"Does anyone know what Chevron is doing with their acreage in Tuscarawas Ohio ( Mill and Rush townships) ? Are they still trying to sell it? Does anyone know what is in store for these wet gas areas?"
Sep 12, 2020
Dott replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'
"Lori, You were so lucky that the addendum did not contain a "Market Enhancement Clause" which we thought was even better than the "Payment to Lessor" language above.  Turns out just another scam."
Jan 1, 2020
Dott replied to Steve E. Brock's discussion 'Royalties and lease Question'
"Steve, You can type in "Attorney Recommendations" in the gomarcellusshale.com search box and get past posts with O&G attorney recommendations."
Dec 7, 2019
Dott replied to Steve E. Brock's discussion 'Royalties and lease Question'
"A lawyer can submit a release of property from a lease to the Auditors office to legally state that the old lease is no longer in effect if that is what he finds when he does a title search.  There will be a paper  trail in the Auditors…"
Dec 7, 2019
Dott replied to Steve E. Brock's discussion 'Royalties and lease Question'
"Get an Oil & Gas Attorney"
Dec 6, 2019
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, 2019
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, 2019
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, 2019

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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