Rally At Towanda court house protesting deductions costs

Does anyone know when the rally is going to be held for landowners at the towanda courthouse protesting high productions cost being deducted from our checks.  I see Stat is paying us almost as much as anadarko and Chespk  and stat has a much less interest than the other two in our wells only bc stat doesnt take out deductions, I will be there.

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Permalink Reply by Booger on February 7, 2014 at 9:00am

Dip Checker.........you're being a pecker.........i think a rally is a good idea..........i think a bunch of rallies are a better idea.......maybe get on the local news.........maybe get the attn of some local representatives.........maybe that leads to the introduction of some new laws..........maybe that leads to helping with this crime.........maybe not........but it sure can't hurt.

reading posts from other shale sites (eaglford - haynesville)....they are farther into the game and there are many getting ripped off on royalty.......from high deductions to low sales prices (selling to affiliates).

if you have better ideas then please provide.

  

Permalink Reply by robert g. weaver on February 7, 2014 at 9:59am

Well Im glad I made someone laugh, if we sit back and do nothing then nothing will get done, at least we are trying............... Mrs Weaver

Permalink Reply by Mark McGrail on February 7, 2014 at 12:40pm

robert,

A rally couldn't hurt but has anyone contacted an attorney ? Leases are contracts, it might be a good idea to have a good contract attorney review your leases and production/royalty statements.

Just a thought

Permalink Reply by Barbara on February 7, 2014 at 3:22pm

and write, call, and email your congressmen.....MAYBE they'll get the message to corbett

Permalink Reply by Booger on February 8, 2014 at 2:31am
Contract schmontract. These crooks don't care what the lease says. Lease says "no deductions" they take deductions. Lease says "no sales to affiliate" they sell to affiliate.....suing an army of lawyers ain't cheap or easy to win.......we need some clear laws, new laws.
Permalink Reply by Mark McGrail on February 8, 2014 at 3:08am

B,

I'm sure new laws would be effective with regards to leases entered into after enactment of the legislation. But I would question whether new laws would have effect retroactively leases already signed. I am not an attorney so I could not say for certain.

That is why I suggested folks contact an attorney, perhaps a class action suit, landowners banding together to take on one producer.

Permalink Reply by Barbara on February 8, 2014 at 4:55am

RALLY IS:

at towanda courthouse friday feb 14th @ 11 am....rally to attempt getting some help with the deduction fiasco....

Permalink Reply by Golddigger on February 8, 2014 at 6:01am

Mark,

There currently is a "Class Action" law suit against Chesapeake and Anadarko for those ridiculous deductions. An arbitration hearing is scheduled for Feb 24 in Philadelphia. The law firm handling it is  "The Clark Law Firm" in Peckville, Pa. along with several other firms.

  

Permalink Reply by Mark McGrail on February 8, 2014 at 6:12am

Golddigger,

Good to hear, I wonder if the law firm can add people to the law suit ?

Perhaps there needs to be one or more lawsuits. If people are not part of this lawsuit and are having problems with improper deductions etc they should probably contact the Clark Law Firm (or other) to find out what their options are.

Permalink Reply by Booger on February 8, 2014 at 6:28am

I think maybe even with old leases..........one bill in ohio has been introduced to basically provide more transparency on royalty checks stubs.........I think I read somewhere about something in PA to limit deductions to where landowners could not receive less than 12.5%.........new laws could make it easier to take your suggestion of using attorney.........

Permalink Reply by Mark McGrail on February 8, 2014 at 7:35am

Either way, some action on the part of landowners is required. Either they lawyer up or work with legislators, or both. But landowners can't just sit there and complain about the big bad oil and gas companies, they have to become proactive. Otherwise nothing will change.

Permalink Reply by Thomas Lilli on February 8, 2014 at 5:00am
It seems to me, if the O&G industry can charge production costs to the mineral owner, the mineral owner ends up subsidizing the industry. It also negates the necessity for the O&G company to look for improved efficiencies if they can merely pass those expenses onto the mineral owner.

So, if the production costs the same or less than the royalty costs, there would be no incentive to increase efficiency. If the production costs are some fraction above and beyond the royalty payment, they might be interested analyzing the difference to determine if it made financial sense to increase efficiency.

If the royalty costs were based on total production value at the well head and independent of production costs, there would be enormous incentive at $3-4/mcf to improve efficiency.

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