Marcus Huey
  • Male
  • Phoenix, AZ
  • United States
  • Other
Share

Marcus Huey's Friends

  • Teri OHIO
  • Thomas Morris
  • Forrest
  • Jim White
  • Todd
  • Dan Bezilla
  • scott brion

Marcus Huey's Groups

Marcus Huey's Discussions

Held by Storage?

Started this discussion. Last reply by Jack Young Feb 10, 2016. 8 Replies

I am part of a lease signed by my ancestors in 1901. All of the old surface wells have been plugged. The gas company pays me a few dollars per year for storage.  Is this a legal way for the gas…Continue

"Paid Up" Lease

Started this discussion. Last reply by Marcus Huey Feb 9, 2016. 6 Replies

A gas company is asking me to sign a lease titled:"Oil and Gas Lease (PAID UP)"What does the term "PAID UP" mean and why would the gas company want this term in a lease?Continue

NGLS and Oil...How to verify production?

Started this discussion. Last reply by Marcus Huey Jan 8, 2016. 31 Replies

I own mineral rights in Wetzel County. 30 wells have been producing for the past 18 months. I have been getting paid royalty for natural gas but have received zero royalty for oil or NGLs.Is there a…Continue

Court Partition of Mineral Lease sought by gas company

Started this discussion. Last reply by Marcus Huey Dec 9, 2015. 14 Replies

My family has 130 acres of mineral rights in WV. In 2012 some, but not all, signed a lease with gas company X. Since signing the lease in 2012 we have had other dealings with gas company X, on…Continue

Gifts Received

Gift

Marcus Huey has not received any gifts yet

Give a Gift

 

Marcus Huey's Page

Profile Information

Introduce Yourself
I am getting a lot of pressure to sign an "Amendment and Ratification of Oil and Gas Lease". I do not understand all of the implications of this document and do not know if it is in my best interest to sign.
What is your role?
Other
Which state(s) are you following?
West Virginia

New to the Game - need help with 1901 lease.

I recently learned that I have inherited mineral rights in Wetzel County, WVA. I do not own the land and a lease was signed for the mineral rights in 1901. The gas company, EQT, is asking me to sign a lease addendum that allows for "Utilization & Pooling". I believe this addendum is necessary in order for EQT to drill for Marcellus gas. The existing 1901 lease appears very much in favor of EQT. With the request to sign a lease addendum, am I now in a postion to ask for additional modifications to the 1901 lease that may be of benefit to me, such as lease time limits, indemnity, signing bonus, increase royalty percentage? Any assistance would be greatly appreciate as I live in Arizona .

P.S. - My father was born on Mannington, WVA and I am descended from David Morgan, founder of Morgantown and a relative of Francis Peirpont.

Marcus Huey's Photos

Comment Wall (2 comments)

You need to be a member of GoMarcellusShale.com to add comments!

Join GoMarcellusShale.com

At 2:31pm on July 23, 2013, Benjamin Lester Harris said…

Marcus, my wife is from Mannington, I am from East Run, went to school in Farmington.  I know Dave Huey, used to work with him, also Ruth Huey, and their late uncle Tom Zirkle[ Big Z]. We own 110 acres near Hundred with one shallow well, a good producer, Statoil of Norway has purchased all deep horizons from Chesapeake and Grenadier Energy, saying big things will happen within the next 24 months, wish you well on your Fallen Timber minerals, your friend, Ben Harris.

At 11:40pm on September 21, 2010, Dan Bezilla said…
So Marcus, you and I are distant cousins as my mother was born in New Martinsville, WV. I know my heritage goes back to Col Morgan Morgan, David and Daniel's father, although I do not have the book readily at hand to look up whether it was David or Daniel that is my linage.

I will caution you that Wetzel county is a hotsopt for Marcellus shale leases. I inherited mineral rights on 25% of 415 acres in Wetzel county and have a more recent lease (2002) that does NOT include unitization & pooling. I have talked to an attorney and he has advised that not only are all provisions of the lease negotiable, so is a bonus payment. For Wetzel county, that bonus value has been between $1,000 and $3,000 per acre (obviously for me that translates into 25% of that bonus). If you have an active well on the property, it is not likely that the term of the lease will be negotiable but all the other provisions are. GoMarcellusshale.com has a document with recommended provisions, I encourage you to read that document and incorporate as many provisions as possible. We have a well but it is shut-in and there is no time limit on the shut-in clause (my error) but we are not pooled and Gastar (the gas company) wants to pool us - all provisions are up for negotiations.

One other thing we found - the shale is narrow in Wetzel County, only about 45 feet thick but it is rich. What that means is the BTU content is higher (gas price is based on BTU content). The upside is we will see higher royalties. The downside, most of the pipelines will only take up to 1050 BTU gas which means we are not producing and are shut-in until a pipeline that takes higher BTUs is extended into the county. We are told that will be close to a year from now.

I would be happy to share my personal leasing experiences with you. Feel free to contact me at my personal email (dan@bezilla.net).
 
 
 

Local Groups

Latest Activity

Inchworm antenna replied to deutchen's discussion 'drilling under interstate highways'
2 hours ago
Inchworm antenna replied to deutchen's discussion 'drilling under interstate highways'
2 hours ago
A discussion started by Old Timer was featured
4 hours ago
Leigh Cookerly is now a member of GoMarcellusShale.com
4 hours ago

Events

© 2019   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service