"Purple Land Management is not the exploration and production company. They are the broker firm that the E&P company hired. Remember that the long term equity is with the royatlies and not the bonus. So...I would try and get the…"
nc man's Discussions
Ascent Offers.
Started this discussion. Last reply by Heidlebergman Nov 3, 2022. 18 Replies 0 Likes
Hello All!Was signed with Ascent for 10 years (2-5 year leases)Out lease was up last year and was not picked up , again, by Ascent.Received a phone call from Purple Land Management a few weeks…Continue
Anything new with Ascent in Guernsey?
Started this discussion. Last reply by Dave in Ohio Jul 31, 2018. 16 Replies 2 Likes
Hey All!Just wondering if there is anything new with Ascent in Guernsey?My minerals are north of Rt. 22, west of Skullfork Rd., Section 21.In the K&R Conservation LLC land.I only own the…Continue
Out in the cold! What next??
Started this discussion. Last reply by nc man Jun 15, 2016. 6 Replies 0 Likes
This article was sent to me, by my brother, from the Akron Beacon Journal newspaper. Please read and share your thoughts with me and the rest, if you have an knowledge, as to what is going to happen…Continue
Update on renewal from Ascent
Started this discussion. Last reply by bo boboski May 2, 2016. 63 Replies 0 Likes
Sorry to start another page for this update but I cannot find a place on the other sites to reply??Just so anyone new reading this understands what I am about to write, here is a short synopsis of…Continue
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Profile Information
- Introduce Yourself
- was on your gomarcellus.com site for years and now i have a new computer with a new e-mail address. i have tried before to show my new e-mail address to you before. i enjoy seeing if there is any drilling activity in oh. am waiting for shell to drill. thank you.
- What is your role?
- Other
- Website:
- http://winndixie2@att.net
- Which state(s) are you following?
- Ohio
- What shale plays do you follow?
- All Shale Plays
Latest Activity
"Hi Dott,
I can't thank you enough for all your help and all the time you have given us.
You gave us the right info, and even if you didn't , don't know we would have even realized it.LOL!
This is a learning process for us and no one…"
Nancy Mosley replied to nc man's discussion 'Ascent Offers.'"That clause looks pretty airtight, Dott! Thanks!"
Dott replied to nc man's discussion 'Ascent Offers.'"Thanks Jett,
LOL. I guess I just confused myself because my earlier posts were indeed correct.
It can be confusing especially trying to decipher the language put into the lease by the O & G companies. That is why my lawyer added an…"
jett replied to nc man's discussion 'Ascent Offers.'"If you get gross royalties, no deductions are taken from your percentage. If you get net royalties, the oil/gas company can take deductions out of your share. And they can really subtract a lot from your share. Gross royalties clauses are the best.…"
Dott replied to nc man's discussion 'Ascent Offers.'"NC and Everyone,
I made an error in past posts on Net and Gross Royalties. Of course you want your royalty to be Net. And Cost Free may be the better term to use. I mistakenly switched the Gross and Net. I hope this did not confuse too many and I…"
Dott replied to nc man's discussion 'Ascent Offers.'"NC,
You are welcome. Just want to be able to help anyone in your position against the O&G companies because they can be ruthless.
Don't take their NET Royalties. MOST companies are gladly giving GROSS royalties now because people are…"
"Hello All-----
Well, after much thought, we have contacted an attorney and a very personable and helpful one, at that!
Thank you, Dott!
Want to thank you both, David and Dott, for all your words of knowledge and encouragement, you have shared with…"
Dott replied to nc man's discussion 'Ascent Offers.'"NC MAN,
I just leased with an O&G company in Tuscarawas County and they are offering most Lessors $2,000.00-3,000.00 for a 5yr/5 yr and 15% Gross.
Now there may be others that are getting more or less from them but that is the average. Most…"
Joe C. replied to nc man's discussion 'Ascent Offers.'"Purple Land Management is a Brokerage company representing a main operator like Ascent. They will bring you the lowest offer first. Counter back and ask them for the same terms from your old lease. Purple will have to take your offer to the operator…"
David Cain replied to nc man's discussion 'Ascent Offers.'"NC Man,
I haven't received any royalties so I can't say which is better. I have just heard that a net lease allows the gas company the ability to deduct a lot of costs, but I don't know if the 20% net will get you more or less…"
"Hi David,
I just have a few more question, please, if you don't mind.
The Purple Land Management rep says Ascent is not giving gross royalties, just net.
They have offered us 20% net royalties.
Do you think there is a chance they…"
"Hey David,
I am pleasantly "intimidated," by the words of wisdom you have, so, diligently learned and sharied with me these last two days.
I know I have a long way to go, to even come close to your degree of knowledge,…"
David Cain replied to nc man's discussion 'Ascent Offers.'"NC MAN,
Glad to share what little information I have. This is a topic that I have been following off and on for the past 10 years and find pretty interesting.
You should do whatever you feel comfortable with since you are the one…"
Comment Wall (2 comments)
- At 9:33pm on March 25, 2015, Jacob Fewx said…
- Shot me an email fewx_jacob@yahoo.com. I have done business with a few of the landmen brokers and investers. In particular one mentioned on the blog.
- At 8:30am on March 17, 2015,
Wes said… nc man - our fee ranges from 5.2% of revenue received to 8%, depends on the potential transaction amount. The higher the potential transaction amount, the lower the fee. If you can tell me how many acres you own, I'll be able to tell you exactly the fee. Thanks, Wes. 814.322.2040 or wturiano@farmersnational.com
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