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Bounced Royalty Payments

Started this discussion. Last reply by Nancy Mosley Dec 7, 2017. 1 Reply

~~Heads Up~~Mineral owners with leases held by Gas & Oil, Inc. had their royalty payment checks bounce, I believe this is a Steve Ward company.If you have a payment bounce, regardless of the…Continue

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WV Mineral Owner replied to william george allison's discussion 'purchasing mineral rights'
"Adding to the topic... The time frame varies depending on the county, but some counties take as much as two years from date of purchase, until the taxes are assessed in the new owner's name.  One must be vigilant to pay the taxes,…"
Dec 26, 2018
WV Mineral Owner replied to william george allison's discussion 'purchasing mineral rights'
"William, In West Virginia, it is fairly easy to purchase minerals. You will need to have a deed drafted, (Strongly recommend using an Attorney) and file the document in the Brooke County Courthouse. There is a transfer tax based on the sale price…"
Dec 24, 2018
WV Mineral Owner replied to william george allison's discussion 'purchasing mineral rights'
"William, Firstly, where are the minerals located? Every State has different laws / rules when it comes to buying mineral rights."
Dec 23, 2018
WV Mineral Owner replied to Inchworm antenna's discussion 'Royalty Manipulation Clause (new idea??)'
"William, I am not as familiar with Brooke County as I am other areas, but have a general idea.  There are factors in Brooke County that are not as significant in the areas I have minerals, primarily who the lease is with.  My understanding…"
Dec 17, 2018
WV Mineral Owner replied to Inchworm antenna's discussion 'Royalty Manipulation Clause (new idea??)'
"Pete, I have never seen that clause before, but tip my hat to you for being able to negotiate it. Congrats, Well Done"
Dec 15, 2018
WV Mineral Owner replied to kit's discussion 'Good Lawyer recommendations.'
"Sorry Kit, all of my interests are focused in WV and I am not familiar with the Ohio Attorneys that specialize in OGM.  However, attached is a link from the Ohio Bar Association with various County Bar Association links that you can use to…"
Nov 30, 2018
WV Mineral Owner replied to kit's discussion 'Good Lawyer recommendations.'
"Kit, The Ohio Valley encompasses Ohio, Pennsylvania and West Virginia.  Since most attorneys are licensed in a single state, might I ask what state the well is located?"
Nov 30, 2018
WV Mineral Owner replied to william george allison's discussion 'forming a unit question'
"Yes, there is a physical survey done with each unit. Not sure about the sellers responsibility, but when a deed is filed (Buyer) it is also provided to the Assessor's Office which makes the change.  That said, it can take up to two…"
Nov 29, 2018
WV Mineral Owner replied to william george allison's discussion 'forming a unit question'
"In WV, as part of the permitting process, a survey is done of the entire unit.  If you review the various permits, you will find a certified copy of the survey."
Nov 29, 2018
WV Mineral Owner replied to Educate Me's discussion 'NGL questions'
"Ugh...  My experience has been, EQT does not pay for anything, including what they are obligated to in a lease! Good Luck!!"
Nov 13, 2018
WV Mineral Owner replied to Educate Me's discussion 'NGL questions'
"Em, Where are your minerals and who are the companies producing the various wells?  There are some companies that do not break out the NGL, but are still paying on them."
Nov 13, 2018
WV Mineral Owner replied to Inchworm antenna's discussion 'Royalty Manipulation Clause (new idea??)'
"Why limit the damage to 25%? Allow a jury to set punitive damages, which can be greater than 25%."
Nov 2, 2018
WV Mineral Owner replied to Jeff Kerr's discussion 'EQT taking over Rice'
"Well Stated!!!"
Oct 24, 2018
WV Mineral Owner replied to Jeff Kerr's discussion 'EQT taking over Rice'
"Richardson v. EQT...  They too had a Gross Lease and were screwed, thus they won their suit in Federal Court.  The general lesson was, EQT does not care what a lease calls for, it does as it pleases."
Oct 23, 2018
WV Mineral Owner replied to Jeff Kerr's discussion 'EQT taking over Rice'
"Ryan, I suggest you research some of the many Successful lawsuits against EQT for failing to make proper payment and deducting expenses that are not only unfair, but in some cases, specifically prohibited by law."
Oct 22, 2018
WV Mineral Owner replied to Jeff Kerr's discussion 'EQT AND ROYALTIES'
"Maybe not enough politicians, but they successfully bought the WV Supreme Court"
Oct 3, 2018

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What is your role?
Landowner
Which state(s) are you following?
West Virginia
What shale plays do you follow?
Marcellus, Utica

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At 12:57pm on March 7, 2016, James Milleson said…

who would you suggest to sell your mineral interest to?

At 6:16pm on March 3, 2016, Betsy Ann Cox said…
No we do not want to sell. Just trying to convince my husbands brother and sister that this not wise. We are already getting royalies, so why sell. The others see that dollar figure and get excited. I think there are more wells going to be drilled there. Like you say why are they so interested.

Betsy Cox
 
 
 

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The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

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