Replies to This Discussion

Permalink Reply by Corvette on October 15, 2011 at 12:22pm

I agree it's a bad deal to sign royalty rights and signing bonus money away. I was steered to an attorney from Cinncinati that has filed and won class action lawsuits against these companies. My lease was never notorized and the landman acted fraudulently. I accept I made a mistake but as I said no one around here had ever heard of the Marcellus  shale He knew and called 2 years later and offered me $150  an acre for  my royalty rights. I told you have already stolen from me once , don't ever call here again.

Permalink Reply by Philip Brutz on January 30, 2012 at 2:37am

Is the land in Belmont?

Permalink Reply by Finnbear on January 30, 2012 at 3:10am

Did they check with an attorney in 2009, 2010, or 2011 when leasing interest was increasing due to shale to determine their options due to the no-longer paying old lease?

Did they file an affidavit of forfeiture with the county recorder due to the non-producing wells?

Did they check with an attorney in 2011 when the "back royalties" check showed up to determine the ramifications of cashing them?

Did these people cash the "back royalties" checks?

If the wells were "inoperable" as you say, they couldn't have been producing, so how could the new company issue "back royalties" for O&G that was not produced?

What exactly were those payments for?

Lotsa questions that need answering here.

Permalink Reply by Finnbear on January 30, 2012 at 4:57am

From what you've said, I'm not sure why this would go to court. A good O&G attorney would file the affidavit of forfeiture and then have it recorded once the response period was up. The O&G surely could not justify not paying for numerous years and would be required by law to give up the lease.

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