David Allen Lilly
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David Allen Lilly's Groups

David Allen Lilly's Discussions

Stacked pay (play?)

Started this discussion. Last reply by Jeffrey Beunier Jul 12. 22 Replies

"“On the completion side, we are in the process of completing our “stacked pay” Stalder pad, which incorporates two Marcellus Condensate wells and three Utica Dry Gas wells. We expect that this pad…Continue

What President Trump's tax reform might mean to royalty owners

Started this discussion. Last reply by David Allen Lilly Dec 27, 2017. 43 Replies

Good morning,It is December 18th and the news is rife with reports that the republicans may finally, just for once, have their act together enough to do something worthwhile for the American…Continue

First royalty check has me baffled

Started this discussion. Last reply by Renee E. Dorsey Oct 8, 2016. 29 Replies

So most of you know me from the site and some know me in person. I have been an active participant in these forums on this site for more than 2 years, probably more.I have read everything I can read…Continue

Some good news, finally

Started this discussion. Last reply by Chris Sep 29, 2016. 1 Reply

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David Allen Lilly's Page

Latest Activity

David Allen Lilly replied to kit's discussion 'Well producing, no Div orders'
"This is the second producing unit we have been placed in. Whatever the law is here in Ohio, it allows the lease terms that dictate when we receive royalty payments."
yesterday
David Allen Lilly replied to Shower Bath's discussion 'Chesapeake Energy announces the sale of their Ohio Utica Shale for 2 billion'
"We have received the letter as well and I have a couple of questions. If my consent is denied by me, what are the consequences to the sale ? I am guessing that Chesapeake only needs a certain, unknown to me, percentage of its landowners to consent…"
Aug 8
David Allen Lilly replied to kit's discussion 'Well producing, no Div orders'
"Division orders are mostly to show the landowner how their acreage figures into the unit drilled, using the figure stated on the division orders the producer will figure your share of the money your lease determines you should get. Your lease…"
Aug 8
David Allen Lilly replied to kit's discussion 'Well producing, no Div orders'
"We are in a unit that started production in June and have no mineral orders, sounds like your scenario. Call the producer and ask them. I don't know about calling the department in charge for the state where you are, in Ohio I am far from…"
Aug 8
David Allen Lilly replied to Shower Bath's discussion 'Chesapeake Energy announces the sale of their Ohio Utica Shale for 2 billion'
"I am aware of the suit against Chesapeake and the reputation they have but I really have no complaint about them from our two year relationship. Of course they could have been cheating me, I cannot possibly know for sure, but I have a gross/no…"
Aug 5
David Allen Lilly replied to Shower Bath's discussion 'Chesapeake Energy announces the sale of their Ohio Utica Shale for 2 billion'
"I found a notice from the mailman taped to my door from Chesapeake, on Friday. I figured it was about the sale but I am kinda surprised that they are asking for consent to the sale."
Aug 5
David Allen Lilly replied to Robert Bond's discussion 'Currently going on' in the group Guernsey County, OH
"I have had some conversations over the last week and found out that the Quaker City lot leases that were signed with B3 Minerals and ended up with Antero are not being renewed.  The Mercury units went in to production in June of this year,…"
Aug 3
David Allen Lilly replied to joe's discussion 'royalties dropping when will it stop'
"The production declines of the Utica are sharp and pronounced, coming sooner rather than later. Monitor the production of the well to verify, and also consider that things can and do change rather quickly in this business overall. If there is one…"
Aug 1
David Allen Lilly replied to joe's discussion 'royalties dropping when will it stop'
"As far as re-fracking goes I believe the companies are far more concerned with holding acreage by production than re-fracking. "
Aug 1
David Allen Lilly replied to nc man's discussion 'Anything new with Ascent in Guernsey?'
"There is no such thing as "a good enough bid". You are getting pennies on the dollar on the low end and maybe 50 cents on the dollar in a great area with a great lease and a unit that your lease is in about to go into production. Gateway…"
Jul 30
David Allen Lilly replied to AT's discussion 'Zehentbauer Family Land LP et al v. Chesapeake Exploration, L.L.C. et al'
"I wonder what happens to the suit considering the announcement of the sale of all Chesapeake's Utica assets ? Would Chesapeake be able to write liability for the suit into the deal ?"
Jul 27
David Allen Lilly replied to nc man's discussion 'Anything new with Ascent in Guernsey?'
"Check out the thread just started about Ascent MC man, it might have some information of use to you. I wish we would have been able to hold off Chesapeake two years ago, if we would have been able to wait our royalty during that first year of…"
Jul 23
David Allen Lilly replied to nc man's discussion 'Anything new with Ascent in Guernsey?'
"I never said all mineral buyers are crooks.  Royalties are income, not investments like stocks, bonds and real estate. Why anyone would give away income is beyond me. To sell your future income now, at 15-50 cents on the dollar in the hope…"
Jul 23
David Allen Lilly replied to Bob Perkins's discussion 'Analysis: What's next for oil and gas prices after Putin-Trump summit? by Dr. Daniel Fine (Energy Magazine USA TODAY-Farmington Daily Time)'
"In my opinion this is not nearly as relevant to oil prices as will be an impending settlement of the trade disputes going on globally. President Trump was correct for going after the offenders, which turns out to show we didn't really have a…"
Jul 23
David Allen Lilly replied to AT's discussion 'Zehentbauer Family Land LP et al v. Chesapeake Exploration, L.L.C. et al'
"Which law firm is handling the suit ? I have a 20% gross royalty lease with Chesapeake on 12.5 acres in production in Guernsey County Ohio for almost 2.5 years now."
Jul 23
David Allen Lilly replied to nc man's discussion 'anything new?'
"What was the offer amount ? A couple of weeks ago I received two letters offering $14,000 an acre for each of our two parcels in Millwood township. I didn't even consider selling but was surprised at the offer amount although I believe there is…"
Jul 18

Profile Information

Introduce Yourself
Millwood township in Guernsey county Ohio landowner, 30 acres.
Joined the NY group and signed with Carrizo, things didn't go well. Turner Oil and Gas showed our property to Antero Resources and said they wanted it, so we signed with them and they paid in time, just as they said they would. I hope that I can help someone avoid pitfalls and get everything they have coming to them.
What is your role?
Landowner
Which state(s) are you following?
Ohio
What shale plays do you follow?
Utica

Comment Wall (5 comments)

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At 8:28pm on December 7, 2017, Dott said…

Thanks for the information David. I am with Chevron and my O & G rights are in Mill township, Tuscarawas County Ohio. I am in the Wet Gas area and the company is mostly after the condensates I am told although there will be some Oil and Gas coming out with it I imagine. Are you being paid for condensates?

And the second question I have is does your "Market Enhancement" Clause read exactly like mine?

Here is my Clause:

Such royalty to be calculated without deduction for the production, gathering, storing, separating, treatment, dehydrating, compressing, processing, transportation and marketing of Oil and gas and other products, provided however any such costs which result in enhancing the value of marketable oil and gas or other products to receive a better price that is less than or more than the price received by Lessee.

I ask this because you said the O& G company is not deducting anything. Chevron wants to ratify the lease to increase the unit size from 640 acres to 1450 acres (Longer laterals to be drilled in 2018). So I said that I would agree to the increase if they drop the Market Enhancement Clause.  They said they would but only if I agreed to having all "Transportation" charges deducted.  So I don't know if I should just keep the Market Enhancement clause and take my chances or go with the Transportation Charges. 

Some Lawyers have told me that Market Enhancement Clauses allow them a backdoor to charge any type of deduction including transportation and thought perhaps just changing it to " Transportation" only would be better.  But you said with your Market Enhancement clause they don't deduct anything but I think your wording is a bit different than mine.  I would appreciate any insight.

At 4:34pm on December 7, 2017, Dott said…

David,

Maybe I found a way.  Is this email getting to you after all?

At 5:25pm on November 14, 2017, David Cain said…

David,

I have accepted your friend invite and would appreciate any info you are willing to share.  I have property off of Barker Rd in the southeast corner of Millwood township.

Thanks,

Dave Cain

At 7:50am on April 28, 2016, jean pierre said…

Good day,
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very important to disclose to you, but I found it difficult to express myself here, since it's a public site. Could you please get back to me on my private email(jean.pierre45454@gmail.com) for the full details?
Have a nice day and God bless you,
jean

At 9:32pm on March 24, 2016, Becky said…

David, I have property in Noble County.  330-241-3065 is my cell.  Local Meeting with Hart Petrol Global to discuss the audit info you mentioned in your last post.  This is on April 2nd. Three meeting times have been set up.  This is free.  Call me if you would like to attend.  I am a NARO member. 

Becky

 
 
 

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Andrew “Corruptocrat” Cuomo Gives CPV the Heisman for Betrayal of “Brother” Percoco?

Posted by Thomas J Shepstone on August 11, 2018 at 9:46am 0 Comments

Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added.

Mob boss…

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