Pat Walsh
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  • Westlake, OH
  • United States
  • Other
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Introduce Yourself
Signed a lease with a company called Gastar in Houston,Texas for mineral rights on small acreage (3acres+-). I believe a well has been completed but no royalties yet. The well site is in Marshall County.I signed the lease 18 months ago but no contact from Gastar about a well being drilled or a drilling permit taken out.The property {original owner E.H.Yoho) is located in Franklin Dist. along Birch Ridge. 121 gross acres and net acres 3.00+ or - . I live in Ohio and have been unable to physically view the site.
What is your role?
Other
Which state(s) are you following?
West Virginia
What shale plays do you follow?
Marcellus

Pat Walsh's Blog

What about taxes?

Posted on April 1, 2012 at 11:30am 0 Comments

 I agreed to a lease with Gastar Exploration formineral rights that I fell heir to in Marshall County, WV .The bonus payment was for $1500 an acre which

seemed fair at the time. My problem is that I live in Ohio and I am not certain about where to pay taxes. I included the bonus as rental income in my Federal tax return on a schedule E form. Is there a state income tax in West Virginia that I should also be filing with and what other local government agencies am I indebted to and who…

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