Replies to This Discussion

Permalink Reply by Dan on September 26, 2012 at 2:31am

Gary,

The two may not be related much but we don't need to increase the severance tax.  The backers of this tax (KASICH) keep refering to Texas that has a higher severance tax when they don't have an income tax.  Oregon doesn't have a sales tax so they have a higher income tax.  What does that have to do with Ohio........Nothing.  We already have both types of taxes and more in Ohio.  If Kasich wants Ohio to be a welfare state than he can take all of Ohio's bonus and royalty monies from state property leases and write us all a welfare check. 

I just flipped a quater to see which is worse, Dems raising taxes or Reps.  The quarter landed on its edge?

http://gomarcellusshale.com/forum/topics/wealth-redistribution-kasi...

NO NEW TAXES!

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Permalink Reply by Craig Miller on November 6, 2012 at 7:53am

I don't know why Kasich doesn't just put a (D) at theend of his name and be done with it.

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Permalink Reply by H. Allison on November 4, 2012 at 9:54pm

landowners need to get involved and start writing, calling, e-mailing  state representatives, senators and Governor Kasich. 

We are taxed enough .

If there is no reaction from landowners this added tax on your royalties will pass easily and you will pay a huge tax on your royalty tax!!!!

Get involved, Buckeye Mineral is rallying against the tax!

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Permalink Reply by Finnbear on November 6, 2012 at 5:49am

You don't want gross royalties at the wellhead. You want gross royalties at the point of sale.

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Permalink Reply by Kathleen on November 6, 2012 at 8:33am

What a huge shame with this exact wording is it wasn't put out early enough IMO. So many were told including lawyers and groups that at the wellhead was what we should be looking to see in the leases. Mine says at an arms length sale at the well head (something close to that) CHK can sell to CHK right there for whatever. I read since on the eagleford message board this wording is nothing but a scam.
Another one I've heard since I signed mine in Jan 12' was at market value. I may be wording that wrong. What the price is that day on the stock market.

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Permalink Reply by H. Allison on November 6, 2012 at 10:44am

Hi Can someone post recommended wording dor payment of royalties?

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Permalink Reply by Finnbear on November 7, 2012 at 2:04am

More importantly, gross royalty, no deductions, in an arms length transaction to an unaffiliated party.

You don't want the O&G Co. to sell your gas & oil cheaply to another arm/division of that same O&G Co. who then sells it into the open market at a true market price. This has happened, and the landowner gets royalty on an artificially low sale $, while the O&G Co. collects a higher than normal profit because they were able to shortchange the mineral holder's royalty.

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Permalink Reply by Finnbear on November 7, 2012 at 4:50am

Can you post that article or a link to it? I'd like to read it and keep that information in my lease file.

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Permalink Reply by Robert P on November 6, 2012 at 11:09am

my lease states Lessee shall pay any and all severance taxes and other excise taxes, is this "the good way"

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Permalink Reply by Robert P on November 6, 2012 at 11:12am

also it says payments based on the Gross Proceeds paid to lessee from the sale.....this is an ALOV lease if that makes it better to understand

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