"Most states have laws providing when royalties must be paid and the consequences (interest) when they aren't. Unfortunately, Ohio doesn't have such a law. You mineral owners need to get after your legislators and get them to…"
"No Ohio does not have a law like most states requiring royalties to be paid in a certain period of time. If your lease doesn't address the issue, the law in Ohio allows the operator a "reasonable" amount of time. Really…"
"Just reveals his ignorance by this. Even if the feds allowed drilling off Florida, he would have to have obtained an oil and gas lease. With a lease in hand, it would take an experienced company 1-2 years to get the permits to drill…"
"The new tax law is not what is going to kill you. It is the 12.7% income tax (plus high sales, property and every other kind of tax) paid by NYC residents that is killing you. Take a look at the Tax Foundation data: …"
"Ed--Your statement is not quite right. The entire ANWR is almost 20 million acres. But when it was established in 1980, area 1002 (under ANILCA) was set aside for possible future oil development. The new tax bill will allow oil and…"
"If you can't find another planet quickly, you can really do the world some good and commit suicide along with your fellow travelers. Think of the air, water and resources you would not use and the pollution you could prevent if you and…"
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 ]