Replies to This Discussion

Permalink Reply by Billy Park Whyde on April 2, 2012 at 1:57am

What is the royalty percentage? 

Permalink Reply by Billy Park Whyde on April 2, 2012 at 2:02am

Better yet Ron what is the whole deal? Length of lease, royalty, pooling limitations, shut in fees, gross or net, depth restrictions, right of ways upon pipe lines ect? Remember in one year Nobel County saw a lease offer of like $50/acre at 12.5% and now it is $5,900 at 20%

Permalink Reply by Ron Ward on April 2, 2012 at 3:02am

Calling and getting copy of lease today! Royalties is the 10% gross. I am in the middle of all that signed so far and that is about 400 acres. Hoping that since mine is in the middle it gives me some bargaining chips. Havent heard of royalties being that low with as big as things are right now. Do u know who patriot is aligned with? Bill I appriciate your help! Love it when us little guys get paid but sites like this keep us from getting screwed like normal

Permalink Reply by Billy Park Whyde on April 2, 2012 at 3:34am

 10% gross?  using the GOMS calculator  using 400 acres at 10% on oil alone on your 26 acres with say 800bbl/day at $102 =$193,596 for a year. Now at current offers at 20% royalty it would be $387,192 for the year! 

 I hear of landowners saying they sure as H will not pay a attorney landowners group any of their royalty, why would you let a flipper take 10%?

  My opinion is BAD BAD DEAL! 

Permalink Reply by Billy Park Whyde on April 2, 2012 at 3:36am

Lets run the figures like I just did but use a average of what the production releases indicate which will be posted today and see what we might be looking at. 

Permalink Reply by Billy Park Whyde on April 2, 2012 at 3:41am

 Another way to look at it Ron if they gave you say $5000 per acre x your 26 acres it would cost them $130,000 to get you lease. If they  flip the lease even at the same cost to a driller they will still make out like a bandit!

Permalink Reply by Ron Ward on April 2, 2012 at 3:55am

Do u think i have a hand up being n the middle or can they pass up on my land and me be ass out? Dont want left with nothing! Should i feel good about where i am at or should i be worried? Thinking that if i wait for them to flip it and go directly to drilling company i could be in great spot! Advice???

Permalink Reply by Billy Park Whyde on April 2, 2012 at 7:53am

Ron most landsmen tote a lease to a recorders office to record quicker than a fedx driver on a hot run! I do not know what county you are in but I would verify through that country recorders office who had the leases on adjoining property. In Muskingum County in the Engineers Mapping Office they have a plat map that shows pretty accurately who has what parcel leased by the lessees name. I would not sign a lease without verifying all of what I hear. 

Permalink Reply by Billy Park Whyde on April 2, 2012 at 3:59am

Same Company? http://investing.businessweek.com/research/stocks/snapshot/snapshot...

Looking at the Muskingum County Recorders Off ice I see no activity to indicate they are kicking butt. Using Patriot as a search name.

Permalink Reply by Bernie Horabik on April 3, 2012 at 1:01am

Is Muskingum in the "OIL" area on the new Utica Map?  Is that better or

worse than the "Wet-Gas" areas?  The author of the map seems to feel

the "Wet-Gas" areas are most important.  I thought the Utica frenzy was

about oil?  Does anyone know?

Permalink Reply by Billy Park Whyde on April 3, 2012 at 12:06pm

Lease Modification? Info here http://gomarcellusshale.com/profiles/blogs/the-gas-company-wants-to...

Permalink Reply by Ron Ward on April 4, 2012 at 11:36am

Called patriot today to get them to send me a lease to review and found out that gulfport just bought the leases from them. Gulfport is going to give me a call tomorrow with amounts. Thinking in the ballpark of $4800/14-18% gross royalties. Has anyone had any dealings with gulfport lease contracts????

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