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Mickgyver's Discussions

Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.

Started this discussion. Last reply by Mickgyver Apr 15, 2013. 8 Replies

Some friends and I have been discussing lease controlling factors and would like to start a post for questions and answers from  other issues that have been experienced by our fellow readers related…Continue

Pipelines going through Somerset Township and Seismic Testing in Belmont County

Started Jun 20, 2012 0 Replies

Hello All does anyone know anything about proposed pipelines being installed through areas of Somerset Township in Belmont County by Murray Energy .I have been told by friends in that area they there…Continue

Natural Gas Liquids Pie Chart for good overview of various situations

Started this discussion. Last reply by Mickgyver Jun 14, 2012. 4 Replies

Here is a link with a chart and a detailed explanation of how the amount of Natural Gas Liquids affects the overall breakeven dry gas costs…Continue

Current lease prices still in the various counties

Started this discussion. Last reply by Mickgyver Apr 28, 2012. 6 Replies

What prices are still offered in Jefferson,harrison,guernsey ,Belmont and columbiana and other counties in Ohio ,lets  keep the rumors down if you have any updates on your area .Continue

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Mickgyver's Page

Latest Activity

Mickgyver replied to Mitchell R Holliday's discussion 'Selling Mineral Rights'
"hello mitchell ,how much property do you have and in what township and county ,i know some buyers that may be able to contact you"
Jun 28
Mickgyver replied to Mitchell R Holliday's discussion 'Selling Mineral Rights'
"Back in 2013 THEY WERE OFFERING 15,000 TO BUY THE MINERAL RIGHTS ,in Belmont County Chesapeake was leasing for $50 to $-6000 or so an acre and they sold a lot of leases to Total of France for $20,000 per acre . NOW with oil prices lower they are…"
Jun 27
Mickgyver replied to Mitchell R Holliday's discussion 'Selling Mineral Rights'
"check for area potential production and if you live near area being sold . the tax basis is better than royalty taxes but long term production could pay better . A friend of mine has 79 acres in a unit and he is in a throttled down unit producing…"
Jun 21
Mickgyver replied to Donald K. Taber's discussion 'Lessee Payments'
"hello i am in belmont county ohio but the 1/8 offer is about the minimum they are allowed tyo pay .Here in our county many received a lease with 20% royalty and ithe per acre price started small but I know the prices paid to many was $5000 per acre…"
Mar 6
Mickgyver replied to Zack Jameson's discussion 'Do friends and relatives view you as a piggy bank now?'
" Yes you are so right about some folks thinking you have had something handed to you even without a well being drilled . It is hard for some to understand that even though some people were blessed with a small windfall ,a lot of the reason this…"
Jun 8, 2015
Mickgyver replied to Zack Jameson's discussion 'Do friends or relatives view you as a piggy bank now?'
"Zack it is sad that the relatives come out of the woodwork when they want to help you spend your new found wealth ,but it is easy to remember how many times they could have  just called to see how you are doing .I am sure you will have the…"
Jun 8, 2015
Keith Mauck (Site Publisher) and Mickgyver are now friends
Feb 20, 2014
Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"Hello Yes you may be right ,That would be a bad situation I am awaiting a legal reply to try to find out for sure . the O.O.P. appeared to be mandatory as I read it , I will say  a fried had all of their acres leased, and part of it was not…"
Apr 15, 2013
Kevin Senich replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"As I thought about this, I felt obliged to let you know that if the notice provision of the OOP is mandatory (it likely is), you will have to give notice in order to enforce your rights under a 120 day default.  Although the lessee may be…"
Apr 15, 2013
Kevin Senich replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"I would be pleased to read the lease if you would attach it, (or the specific language you feel is conflicted.)  Fang has a good understanding of how these addenda and exhibits work with and against each other, and I agree with his reply. …"
Apr 14, 2013
Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"Hello again Jay ,I tried to edit my last post but something went wrong. anyway what we thought would be considered as inconsistent ,is the fact that the normal addendum allows a 120 day period to pay or to release the lease which is all up to the…"
Apr 14, 2013
Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"yes it is an interesting point ,that is why I posted it to get some input . There are several situations where the addendum's are in close proximity of the other clauses , That is the reason I added this discussion .There were thousands of…"
Apr 14, 2013
Mickgyver replied to Mickgyver's discussion 'Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.'
"As you say a lot of issues do need attorneys since the wording can become tricky ,we talked about this one because it is interesting the way it is listed . Along with other issues such as storage, covenants ,water usage ,Force Majeure and others,…"
Apr 13, 2013
Mickgyver posted a discussion

Oil and Gas Lease ,Controlling Addendum's Versus,Regular Lease Clauses and related issues.

Some friends and I have been discussing lease controlling factors and would like to start a post for questions and answers from  other issues that have been experienced by our fellow readers related to the initial lease and additional problems as time goes by into a producing unit .One issue is the Order of Payment versus the attached Addendum list added to many lease's. Many have seen the Order of Payment page which comes with some leases which gives the related company a lot of extra time to…See More
Apr 13, 2013
Mickgyver replied to GM612's discussion 'Renegotiating royalty percentage agreement.'
"Hello read your lease real close ,if they cancel this unit  do they lose the ability to use those pipelines ,also they make will too much to just walk away from the whole unit after they have already put out the initial expenses . Have you…"
Mar 10, 2013
Mickgyver replied to harry frank's discussion 'Gulfport has entered into a definitive agreement to purchase approximately 30,000 net acres in the Utica'
"Hello All That reminds  me of the deal done a while back where Chesapeake  sold a25% stake in 619,000 acres or the equal to owning 155,000 acres  for a total of $15,000 per acre to Total of France ,this price was 700 million…"
Jan 11, 2013

Profile Information

Introduce Yourself
just learning for best informed results and trying to encourage others to take charge and get informed so we all do better as a state .
What is your role?
Landowner, Concerned Citizen
Which state(s) are you following?
West Virginia, New York, Ohio
What shale plays do you follow?
Barnett, Eagle Ford, Marcellus, Utica

Mickgyver's Blog

WET GAS in local counties more valuable than the dry gas

Posted on September 3, 2011 at 10:27am 1 Comment

here is some information to help informed decision for the value of the wet gas in our area . log on to site it has great information as well as a value of the wet gas  (here is the website)      

 

http://www.frackcheckwv.net/2011/04/01/%E2%80%98wet%E2%80%99-gas-worth-75-more-7-vs-4-per-thousand-cubic-feet/

Comment Wall (5 comments)

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At 5:53pm on May 23, 2012, matt jones said…

Hilcorp was the company

At 2:43pm on January 16, 2012, Rick C-73 said…

I thought that is what I did. You show up in friends box, new to this, am I missing something????

At 2:32pm on January 16, 2012, Rick C-73 said…

Mickgyver

Thanks for the help.  I only have about 2 acres on CR100 in Warren Twp but from what I have read in the last couple days, Smith-goshen group seeems to be a very repsonsbile group looking out for the landowner.  Any assistance you could provide would be very much appreciated. 

 

I have my parcel number, but I know the group is very busy and I haven't seen any meetings since about November.

 

At 6:04pm on January 13, 2012, James Kerns said…

Hey Mickgyver, Hows it going buddy?

At 10:50pm on September 19, 2011, Jim Harber said…

Mickgyver,

Wow, that is a long read.....but, you shared alot of really good information. Good Stuff, thanks for your input and I hope group members will listen to your thoughts on the subject matter covering alot of areas when needing the facts in whether to lease or not and holding the fort down, even when others are running out the gate. It is harder to hold together and hold the fort when the almighty buck is working its way into the what ifs or what should I do? We are still along way off from the top pricing, but that really isn't the key here; it is what is good for you and what is good overall for the group. Common sense goes along way during these times and should be thought out before anyone jumps ship. Keep on, keeping on is the best plan....just "Hold the Fort".

 
 
 

Local Groups

Blog Posts

FERC to Constitution Pipeline: A Year Means A Year, You Shoulda Fought

Posted by Thomas J Shepstone on July 20, 2018 at 8:31am 0 Comments

Sadly, FERC has once again refused to help Constitution Pipeline avoid the consequences of letting itself to be double-crossed by Gov. Andrew Corruptocrat.

FERC, in a decision released yesterday, has denied…

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