Replies to This Discussion

Permalink Reply by Janice Lanphere Hancharick on September 29, 2011 at 6:57am

Jeff, I'm only going to share a common sense view that has become apparent to MANY since all this began ... at least as far back as 2007.  The landman's job is to get you to sign an industry-friendly lease developed by a bank of lawyers employed by the gas/oil company.  Who do you think such leases benefit?  All of the aforementioned have helped make energy companies world-wide much wealthier than you and I can imagine.  Many have budgets larger than those of countries! Smaller companies simply flip signed leases to the big boys anyways.

Please find a group in your area.  One may be listed on this site, or Marcellus Drilling News.  Do yourself a favor.

 

 

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Permalink Reply by llirttoc on September 29, 2011 at 7:29am

One of them is from a group, Wishgard.  Wondering if any one one on this forum has had a good experience with them.  I think the one from ILG energy and Ohtex is sketchy at best and the other from dave hill needs to be thrown in the trash.  I'm the process in looking for a O&G attorney.  Just contacted Rice Drilling from Cannonsburg, PA.  They are looking at our 300a mineral rights/land location for a possible deal. Does any one have a lease with Rice or Wishgard? 

I just wanted to post an entire lease for a discussion on the good and bad parts.  I know every O&G company is trying to rip every one off.  The leases are lenghty, I did not want to "glog" up this forum with some thing that doesn't need to be posted. 

 Just because it's a group it does't make it good lease! 

Thanks for your reply, Janice

Jeff

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Permalink Reply by Janice Lanphere Hancharick on September 29, 2011 at 8:54am

The names you gave are not on my radar, and I've never seen them mentioned on GMS or any other site that I monitor.  You're absolutely right that a Group doesn't always come up with a good lease deal.  The representation it has makes all the difference.  Lengthy leases can be just as sorry as short ones.

When Marcellus leasing first hit PA many lawyers OK'd leasing contracts for their clients, then later apologized. Their solid good intentions could nail the legal-ese, but they weren't familiar with the new drilling techniques ... what each term meant.  Honest mistakes were made.  As those early lease agreements come to term, the rights owners have felt lucky to get out of them ... glad there was no "held by production" tying them up.  Now they're looking for "smart" groups.  You will make the choice that's right for you, but it will take some digging.  Good luck.

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Permalink Reply by Red Skelton on September 29, 2011 at 3:03pm

Jeff,

You might want to give Atty. Keith Plummer in Cambridge a call. He has been handling quite a bit of o&G and is a very honest and decent guy and reasonable. He has helped us and some of our neighbors.

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Permalink Reply by llirttoc on September 29, 2011 at 5:19pm

Thanks red!  Will give him a call fri. Tried to get ahold of Brown in cambridge. I called on thur and they were closed. 
With all the bad experiences I have read about concerning these leases it's scary. Who do ya trust??
The landman?  Yea, right!!
The drilling co.?  Don't think so. 
The attorney?  (professional crook) Only if you give him a large enough cut. Then only barely trust him. I have been screwed by more attorneys than criminals!
Sorry for the rant hehe. 
Jeff

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Permalink Reply by Susan Johnson on September 30, 2011 at 1:14am

We just got a call from Wishgard and are reviewing their lease.  The lease seems to be more favorable towards the landowner than others that I have seen but the per acre price is less than what I have heard is out there.

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Permalink Reply by llirttoc on September 30, 2011 at 2:13am

Yea Susan, I thought the same. I think wishgards lease is the most solid of the leases that I've seen. (ILG, Ohtex, Dave Hill)

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Permalink Reply by llirttoc on September 30, 2011 at 2:39am

Susan, where is the land located?  Ours is in guernsey, Richland township (Ohio)

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Permalink Reply by Susan Johnson on September 30, 2011 at 2:57am

Our property is in Trumbull County - nice to see more activity in the county.  We are located north of Route 87.

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Permalink Reply by Stark County Land Owner on September 30, 2011 at 2:42am

could you friend me on here so I could give you my e-mail address. I'd like to look at your lease if you didn't mind

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Permalink Reply by llirttoc on September 30, 2011 at 3:09am

This is just a blank lease, i have not signed with any one yet.  But, yea your my friend now, Stark.

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Permalink Reply by Dan Warfield on September 30, 2011 at 4:10am

As with any "Paid-Up" Oil and Gas Lease, read through it six times, then re-read it through another four times and then ask yourself and your significant other..."if, by chance, we wanted to get out of this lease for some reason when the primary or secondary term runs out... CAN WE???"  PLEASE USE EXTREME CAUTION WHEN SIGNING ANY LEASE.  In my opinion, there are going to be many, many unhappy landowners in a few to several years in Ohio because there will be a certain "clause" or "statement" in the lease that will ultimately bind the land FOREVER... and the last time I checked, FOREVER IS A LONG, LONG TIME.

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