"The wording in the first paragraph sounds ok. And about the Pooled Units: Your interpretation is probably a correct assumption.
Having Kyle look at this sounds like a great idea. He knows these things very well, and can help you calculate your…"
"Since I haven't seen your division order, I can't comment on it specifically. However, I am aware that some companies add language to a division order that changes things with your lease terms. I believe (not a lawyer) that the companies…"
"I am concerned with the severance taxes and especially ad valorem taxes being considered an ok deduction, and not one to be avoided. Until very recently, these were the responsibility of the producer. Of course until fairly recently the royalty %…"
"Yes, in WV. For old wells: for many decades for these old wells, no deductions were taken out. Last year a new company bought the wells and soon started deducting WV oil and gas severance taxes, then this year deducted Ad Valorem taxes. As I…"
"A lot more permits and requests for permits have been issued in the last several months in West Virginia. As stated, it takes time before even planning a well until it is drilled and producing, but it looks like in the next months/years there will…"
"There is something about "gross proceeds at the wellhead" or some such language that they can use to say that they can charge post production costs because they don't sell at the wellhead. Anybody know more about this?"
"In West Virginia, I believe that the minerals can be reserved when selling the surface for right of way for a highway. Maybe it isn't always, but I know it can be. No idea about Ohio's laws, but maybe that is the case there as well."
"It might depend on how they divide the units. We are in a unit for part of our tract, but another part is not. This is on the wellpad. It looks like wells going the other direction would put our remaining acreage in that unit."
Welcome to GoMarcellusShale.com. I hope this is a site where you can dive in and begin contributing. Please be sure to check out our county groups and see if there is a county you can participate in. Have fun "shaling."
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 ]