Back Country
  • Male
  • Carrollton, OH
  • United States
  • N/A
Share

Back Country's Groups

Gifts Received

Gift

Back Country has not received any gifts yet

Give a Gift

 

Back Country's Page

Profile Information

What is your role?
N/A
Which state(s) are you following?
Ohio
What shale plays do you follow?
Marcellus, Utica

Comment Wall (1 comment)

You need to be a member of GoMarcellusShale.com to add comments!

Join GoMarcellusShale.com

At 2:29pm on January 15, 2015, Mike h said…

The SURE lease explicitly states that Lessee is responsible for any severance taxes. If CHK is deducting them they are in breach of the lease (IANAL but this is a no brainer). Quoting directly from the lease (note the last sentence):

8.         Ad Valorem Taxes

            Lessee shall pay all Ad Valorem taxes or assessment of Lease Products or Lease Product reserves made by any local, state or federal entity or governmental unit attributable to, or resulting from the assessment of Lease Products from the Leased Premises regardless of the percentage of royalty paid to Lessor.  Lessee shall, in addition, pay any and all severance taxes or other excise taxes arising out of or relating to this Lease and/or the Lease Products.

 
 
 

Local Groups

Latest Activity

farmgas replied to farmgas's discussion 'Rumors & Facts...'
17 hours ago
crazy cat woman-+ replied to farmgas's discussion 'Rumors & Facts...'
18 hours ago
farmgas replied to farmgas's discussion 'Rumors & Facts...'
Saturday
Dan replied to farmgas's discussion 'Rumors & Facts...'
Wednesday

© 2020   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service