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Jefferson County, OH leasing

Started this discussion. Last reply by Mark Patrick Jan 2, 2018. 66 Replies

According to Marcellus Drilling News, people in Jefferson County, OH are getting offers as high as $6000/acre and 20% for leases with Ascent and Gulfport.  These numbers are impressive and…Continue

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Latest Activity

G.H. replied to william george allison's discussion 'a living will'
"It is not always split equally among heirs.  It depends on who the heirs are (how they are related), as well as the laws specific to your state."
Feb 3
G.H. replied to william george allison's discussion 'a living will'
"Also, in WV, sometimes "royalties" can mean an interest in the actual minerals, rather than just a royalty interest.  "
Jan 24
G.H. replied to william george allison's discussion 'a living will'
"Mineral rights are included in any devise of real property.  If that is not specifically addressed, there is usually a residuary clause, that states that all property not specifically addressed is to pass a certain way.  It is almost…"
Jan 24
G.H. replied to Raymond Speck Jr's discussion 'Royalties'
"I don't totally understand what you mean when you say "They found an heir in CA and now they are on the title," but is it possible that they retroactively deducted that heir's royalty payments from what they are paying you?"
Jan 15
G.H. replied to william george allison's discussion 'purchasing mineral rights'
"HAHA yeah, what a racket.  But gotta make sure they're paid if you wanna keep owning them."
Dec 27, 2018
G.H. replied to william george allison's discussion 'purchasing mineral rights'
" Make sure you get the minerals assessed and pay taxes on them where appropriate.  I suspect the clerk's office would advise you to do this, or an attorney drafting the deed would advise you to do this... but just make sure you have…"
Dec 26, 2018
G.H. replied to william george allison's discussion 'forming a unit question'
"I doubt they will have to pay it back.  Generally, oil and gas companies pay bonuses based on the deeded acreage (number of acres that the deed records say the property contains).  I have not personally heard of them asking for bonus money…"
Nov 30, 2018
G.H. replied to Jeff Kerr's discussion 'EQT AND ROYALTIES'
"Nancy's evaluation sounds right. Most older leases cover all depths, so the deeper formations were probably assigned by the company that has the shallow well. If that is right, terms of the original lease control the deeper formations as well.…"
Oct 4, 2018
G.H. replied to Walt's discussion 'Eclipse’s exit plan'
"Walt, my guess is there is nothing you can do. Sounds like you did not sign a paid up lease, but a delay rental lease. Under a delay rental lease they can choose to continue the lease by making an annual payment for your agreed-upon $ amount and…"
Aug 31, 2018
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"Thanks for your input.  Always good to get some info from someone who's worked on these wells."
Aug 2, 2018
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"I would agree with that right now for sure, but maybe in the future it will be used.  Right now, as you say, I am sure they are concentrating their time and resources on locking up as much of the acreage they have under lease as possible."
Aug 2, 2018
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"Thanks for the info.  I'm not gonna pretend I understand 100% of what you're saying, but I get a lot of it haha.  Sounds like you have a lot of knowledge of drilling methods."
Aug 2, 2018
G.H. replied to joe's discussion 'royalties dropping when will it stop'
"I have heard that these companies, if they want to, can go back and refrack a lot of these wells and obtain production numbers close to the original production.  I am yet to see that reflected in my royalties as far as I know, but I hope to see…"
Jul 31, 2018
G.H. replied to william george allison's discussion 'division orders'
"I thought they did but I guess each company does it differently.  I have received royalties from some companies without having first sent the division orders."
Jul 26, 2018
G.H. replied to william george allison's discussion 'division orders'
"I get them regular mail.  They usually come either around the same time as first royalty payments or sometime prior to first payment."
Jul 25, 2018
G.H. replied to crazy cat woman-+'s discussion 'A quick question about division orders.'
"If they are different units you should receive another division order.  If they are in the same unit I would think you'd still receive another division order if the new well was not part of the original division order, but I am not certain."
Jul 25, 2018

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Ohio
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