"As Hilltop mentioned, it may be possible that a part of your parcel is not in the unit. Take a look at the division order they sent you, or at the ODNR website unit plats. Those should show where the unit boundaries are, so you'll…"
"It's unlikely. The oil and gas companies have to file for permits, and they have to include the proposed unit plat when they do that. Not to say that it couldn't be done, but I imagine there are harsh penalties involved if they…"
"The truth of the matter is you don't have to do anything at all if you don't want to. It's not like your only two options are sign the lease or sell the minerals. You could just wait and see. If it gets to the point…"
"Personally, I would tell them to take a hike for a $200/ac bonus, unless you really need the money or you know there's nothing better out there. I don't know your area, but $200/ac seems very low unless it's a very unproven…"
"Also, I do not think it is a good time to sell. I am not against selling your minerals as many people on here are, I think it can be wise to hedge your bets by selling a portion of them, depending on your personal circumstances and market…"
"What are you hiring an attorney for? Is it to sign a new lease? IF you are hiring an attorney to sign a new lease, I would see if they will accept a percentage of your signing bonus as payment. That way you do not have to pay them…"
"TRN3 - Transportation
FUL4U - Fuel
GTH3 - Gathering
TRN - Transportation (again?)
CMR1 - Compression (again?)
OH_SEV2 - Severance tax
PRC2 - Processing
Those are all the things they are taking deductions for, according to my…"
"I would like to get back to work, but I don't want to do it at the expense of many lives lost to this virus. To all the people posting here, if this started killing your friends and relatives, even one of them, I suspect many of you would…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]