we have our land in a trust. Monthly checks come in our name and trustee. We always deposited check into our regular bank account. This month two banks refused to let us deposit our check. The trust…Continue
If you can hang on and not take the money, you will be better off. Of course they want you for $2500 an acre. Once you sign & they drill they try to figure out 99 ways to not pay you. So I advise you to get as much as you can. My area…"
"Good morning David,
The price is up or comparable. The production is way down. We have the no you cannot deduct, however.... lease. I was just wondering how it will be after the merger.
I know wells decline, however, I have read many articles…"
"I’ve noticed it’s been very quiet on this site. I was hoping someone was going to mention the Eclipse merger with Blue ridge mountain. I’m a little concerned I’m now a landowner of another company who went bankrupt. Blue…"
" I have 4 accounts at the same bank and the bank adds the amounts at the end of the month of all accounts for the purpose to know whether I qualify for the "No Fee Account Status" which I do. So in other words the bank may not…"
"I believe if the Oil and Gas Rights are in a Trust the reason you need a separate account has to do with having a beneficiary of the trust if the owner (usually the trustee when living) dies. Let's say you have proceeds in the O&G…"
"How is the check issued, if it is to you personally AND the trustee, then the bank should accept it if all parties have signed. I have been researching land trusts for other property issues. If checks, deeds, etc are written to XYZ Trust then…"
"Thank you Bo & Dott for your input. Idk about opening another bank account, I have 4 already. Been with a few of them for over 25 years. Idk bc I wasn’t there but according to my husband they made it sound like it was a tax purpose issue.…"
"I have an Oil and Gas Trust separate from our Family Trust. My Bonus check was in my name but also had notice of the Oil and Gas Trust. My bank had me open a separate account in the name of the Trust in order to cash this check. …"
we have our land in a trust. Monthly checks come in our name and trustee. We always deposited check into our regular bank account. This month two banks refused to let us deposit our check. The trust is about the property not the financial aspects. Bank wants a trust account. Anyone else have this problem? We’ve never had a problem in 3 years .. now all of a sudden it’s an issue See More
"Marcellous drilling news
Eclipse resources board considering
Either merger or acquisition. Also, googled Eclipse resources news & seeking alpha has article Eclipse resources is up for sale.
Any thoughts or additional comments ?"
"My experience with Eclipse went like this.
My lease was assigned to Eclipse. One of our Wells was a joint venture with carrizo. We did not need to sign anything for carrizo. It was my understanding Eclipse would be the operator of the well. Sounds…"
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 ]