"Got paid from EQT. A bit late, but here. "
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Lynn mudder
- Beloit, OH
- United States
- Landowner
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Lynn mudder's Discussions
Payment for pad classified as "damages". How is this treated for income tax? Taxable or not?
Started this discussion. Last reply by Jonathan H Mar 22, 2016. 1 Reply 0 Likes
We have received money for pad construction which the company specified as damages. Do we owe income tax for this? Want to do the right thing.
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Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"An old well that heats our home has been producing over 75 years. We “blow the drip” periodically to remove moisture from line to prevent freezing in winter. It does not take much to heat an average home. "
Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"Shallow wells in Ohio give us “free gas” as per the lease. Marcellus wells are too much for private homes, but I know “per your Lease” you can negotiate to be paid for X amount of MCF’s at market value each year. "
Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"I agree Farmgas. I was first approached by many companies in 2008. We ultimately signed with CHK for 5 yrs and it expired in 2013. Then Rice picked us up. I spent an unbelievable amount of time on various sites and learned SO much. I…"
Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"Thank you so much for reply. That is my understanding also. We are hopeful that the hedges will not affect our royalties. Time will tell "
Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"If a company is hedged and the price goes up, does the company absorb that loss? Will the landowners receive the going rate being paid? "
Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"What is AR and where can I read this?"
Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"I am curious as a landowner who should be receiving royalties from EQT, how badly will these hedges hurt landowners royalty checks? There is a big difference between $3 and $8 a mcf. "
Lynn mudder replied to farmgas's discussion 'Surging Natural Gas Prices'"Do you know how much EQT is hedged and until when?"
Lynn mudder replied to James Lindstrom's discussion 'EQT royalty checks late this month (jan)?'"Again, we have not received our monthly royalty or received a reason why? Anyone else not getting their check? Reached out to customer relations but so far, no reply"
Lynn mudder replied to Lori Huber's discussion 'Royalties Plummeting at a More Rapid Rate - EQT Improvement under Rice Mgt?'"Jeff, the price you are quoting of $1.43 was from an old post. If you check the date it was from a year ago. We only received .70 on this months check, ugh! Now I will say something else. We have some old, small wells in Ohio. Same time frame…"
Profile Information
- Introduce Yourself
- We obtained a good, owner, land friendly lease last July 08. Our relationship with our landman was a positive experience.obtained a new lease in 2014
- What is your role?
- Landowner
- Which state(s) are you following?
- Pennsylvania, Ohio
- What shale plays do you follow?
- Marcellus, Utica
Comment Wall (7 comments)
- At 4:46am on June 18, 2018, Marci Feustel said…
EQT got in touch with us. They are leasing the families acreage. They offered us $3,500 a acre with 15 percent royalaties. We sent the offer to are lawyer. Any thoughts on this? Thank you.
- At 1:27pm on May 29, 2018, Marci Feustel said…
I got in touch with the property owners next to us they signed a lease with E.Q.T. Should we contact them? Just wondering your opinion. Thank you.
- At 9:50pm on May 16, 2018, Megan Torres said…
I get my info from Google
https://www.farmanddairy.com/news/shale-gas-drilling-permits-increase-in-ohio-pa/387262.html
- At 9:46pm on May 16, 2018, Megan Torres said…
Hi Lynn. Yes, we were originally with Rice. I think the Dennis Cholak well pads are in the mentioned King Hippo unit? Communication, with Rice and EQT, has been terrible. I wish they were more transparent with their development plans.
- At 6:33am on February 25, 2018,
Debra Lynn Pennell said…
- Thanks. Have a lease with EQT and hope drilling starts soon in the Holbrook, Pa area. Nearing retirement this year and hoping for some supplemental income. Thanks. Debra Pennell
- At 6:31am on February 25, 2018,
- Have a lease with Rice/EQT that is set to expire Nov. 2018. No drilling but saw the pipeline in place. Any activity in the Holbrook area? Kind of hard to gauge what us going on from here in Virginia, but I try. Thanks. Debbie Pennell
- At 9:04am on November 23, 2009, Keith Mauck (Site Publisher) said…
- Just wanted to touch base with you. Hope things are well and that 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."
Keith
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