Not All Terms are Created Equal
Many landowners who have familiarized themselves with the Marcellus Shale natural gas leasing process have learned certain “key phrases” or “key terms” that are valuable to the landowner when evaluating an Oil and Gas Lease Addendum. However, landowners must be aware that ALL ADDENDUM HEADINGS ARE NOT CREATED EQUAL.
As an example, one of the most important landowner friendly terms to be included…
Added by Douglas A. Clark, Esq. on October 28, 2011 at 12:30pm — 4 Comments
There is much talk and hope that all this shale oil and gas will get the US freed of dependance on OPEC oil. The Bakken, Eagle Ford, Utica and more have great oil potential. The Marcellus, Utica, Hainesville, Barnett and more have great gas potential, especially if we convert major portion of our transportation to natgas. All of these should help us wean ourselves off of foreign oil and gas, which would fantastic for the country.
But one problem with that scenario is competitive…Continue
Added by Jim Litwinowicz on October 28, 2011 at 10:47am — No Comments
Rick Smead is a veteran in the natural gas industry. If you have read anything on shale gas reserves, you have have probably read something that he had a hand in creating. This come-lately niche has led to 100 speeches on the topic over the last 3 years. Rick was holed up in a Washington D.C. law firm for a few days serving as an expert witness. I went in and met with him to discuss his…Continue
Added by Keith Mauck (Site Publisher) on October 27, 2011 at 10:18am — No Comments
Just found out yesterday what I have suspected all along, We are tyed up in a lease with no well untill 3/14/2012,When it runs out.What do I do about leasing again? Anbody have any suggestions? THanks.
Added by Richard.A. Bichard on October 23, 2011 at 7:03am — No Comments
Added by Douglas A. Clark, Esq. on October 15, 2011 at 8:20am — 1 Comment
Added by Lynn Grant on October 13, 2011 at 4:13pm — No Comments
I get the impression that the members of this group arent concerned about the environment as much as their pocket books.
Am I wrong? I have not been to or lived in W.Va. for quite some time. I reside in Hana, Hawaii and travel to California on business quite often.
Added by Donald E. Moran on October 9, 2011 at 1:39pm — 2 Comments
I find it odd the Mr. Douglas Clark Esq. fails to mention the most important consideration in selling one’s minerals. The dollar amount one receives per acre. If that amount is higher than what his percentage is in what a typical well makes in the trend over its lifetime, one should sell. This is true for a number of reasons including the Net Present Value of Money and that Risk in drilling a well.
Added by Stephen W. Hodgkins on October 6, 2011 at 2:15pm — No Comments
Many landowners across Pennsylvania are receiving solicitations by companies, partnerships, and even hedge funds seeking to purchase their Marcellus Shale natural gas rights. It is critical to understand whether these solicitations are for a permanent purchase of your Marcellus Shale gas rights, or whether you have received an offer to lease your Marcellus Shale gas rights.
Many individuals may be confused when they receive these…Continue
Added by Douglas A. Clark, Esq. on October 4, 2011 at 4:00pm — No Comments
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