Replies to This Discussion

Permalink Reply by AT on September 18, 2011 at 11:27am

Unfortunately, the royalty in that deal is net and the lease leaves a LOT to be desired for the landowner.

Permalink Reply by sawtooth on September 19, 2011 at 3:08am

So how is the $4950 Exxon lease in Barnesville not that attractive?  I'm kinda surprised no ones talking about it on this forum being that its so much more lucrative than anything else we've seen.  Also as for the royalties.  I've looked at about 8 leases now and i have yet to see one that totally eliminates any expenses.  I've actually read several that say gross but when you look deeper into it and have a attorney review the lease they end up being somewhat of a net payout.  I would have to see a REAL "gross payout" lease to believe it for my self.  Actually the gentlemen i spoke to at KWDG even mentioned the leases are not 100% gross payout.  I think this is because were dealing with a wet mix of substances and until the stuff is separated you really do anything with it.

Permalink Reply by AT on September 19, 2011 at 4:05am

sawtooth, See the discussion regarding this deal that took place last week on the Harrison County area of this site. Also, I believe the deal was for Belmont, Harrison and Jefferson counties only.

Permalink Reply by AT on September 18, 2011 at 12:59pm

Bob,   OK. Judging from the posts I am seeing it doesn't sound good. Good luck with whatever it is that you are dealing with.

Permalink Reply by Nelson Roe on September 18, 2011 at 3:10pm

Hey everybody, I know things didn't work out like ANY of us had expected.  However, let us not forget that the O&G companies are pretty much the ones with the ultimate decision of what land they want & how much they are going to be willing to pay.  I don't believe that there is anybody out there that could "Make" them take land they don't really want, or pay more than they believe it is worth at the present time.  I still believe that KWG&D are trying to work the best deal that they possible can for as many of the group members as possible.  & why wouldn't they?... I mean think about it, the more people they land an acceptable deal for... The more they stand to gain as well.  I mean ultimately, we are all in this for pretty much the same reason... To make a few bucks & try to get a good deal.  This includes just about any group reps as well.

Permalink Reply by sawtooth on September 19, 2011 at 12:13am

Hello Nelson so what has happened with the KWGD group?

Permalink Reply by scott peterson on September 19, 2011 at 11:45am

I'm sure you will have a better understanding of everything after the meeting. Keep an open mind & be patient.

Permalink Reply by Christiane Marshall on September 19, 2011 at 5:53pm

You're right. Thanks.

Permalink Reply by Nelson Roe on September 19, 2011 at 3:05am

Sawtooth,  we have been asked not to discuss particulars of the deal with anyone outside of the group, so we are pretty limited as to what can be said in open forum, but it definitely was not the ultimate outcome that any of us were expecting. 

Bob, I honestly can't answer that.  I do not know if my feelings would be the same if I were on the other side of the "magical line".  In logical reasoning, I would like to think that I would still be able to think rationally about it, however I do know there is a lot at stake here for a lot of people and emotions are bound to take over in a situation like this.  & Yes, I too am expecting an "interesting" meeting tomorrow evening. 

Permalink Reply by Jon Henderson on September 19, 2011 at 1:02pm

I'm thinking about other meetings also. Saw there is one on Thursday but not sure where. I think its with SOLA.

Permalink Reply by Jon Henderson on September 19, 2011 at 1:44pm

Bob go to seohiolandowners.org and look at the meetings tab. There are a few opportunities there.

Permalink Reply by sawtooth on September 19, 2011 at 2:56am

so whats going on with KWDG? Anyone?

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