Replies to This Discussion

Permalink Reply by jett on September 30, 2017 at 1:59pm

Any of the Brokers working for the oil/gas companies that I dealt with seemed to have the companies best interests at heart and definitely not ours. Maybe these guys are different, I don't know,

but for the amount of commitment involved with these leases, it seems that having someone working for you, the oil/gas mineral rights owner, is worth seriously considering. We were not sorry and felt we got full value for the help of having someone with legal oil & gas experience looking out for our end of the deal. The lease we ended up with was much better than what was repeately offered in front of bargaining.

Permalink Reply by G.C. Resident on May 4, 2018 at 8:37am

Hi Mike. We were just sold from Carrizo to Ascent. In our contract, we are supposed to be paid 2 years in a row if the well isn't producing. Well isn't producing yet, and this is the second year. Ascent says that they don't HAVE to pay. What can we do?

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Permalink Reply by DESJR on May 4, 2018 at 9:42am

get an attorney

Permalink Reply by G.C. Resident on May 4, 2018 at 10:00am

Any good attorneys in Guernsey County who know about oil and gas?

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Permalink Reply by Mike Sero on October 1, 2017 at 3:46am

As I said technically void. There are steps you take to cover yourself and it happens all the time - Certified letter to O&G company asking for a release - which you may or may not get, then what happens more often is ANP - Affavadit of Non-Production which are filed typically with a new lease. Most of the companies in area now - will help you do both to get you under a lease.

And no, I am not a Atty. I have been in this area now since 2007, and actually helped more then a few local attorneys with the laws of their State.

And I am currently not working for any drilling companies, have no desire to work for any here locally.

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Permalink Reply by Barry D on October 1, 2017 at 1:31pm

Mike,

So, you work for free

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Permalink Reply by Mike Sero on October 1, 2017 at 1:55pm

All I will do for landowner is look at a lease give my opinion. I've access to leases that are Land/mineral owner friendly - I have a client that has over 60,000 mineral acres in 17 states. One of the biggest things in Ohio is the forced pooling, any small owner should take notice of this and make sure to compare leases etc with neighbors or local attorney - be careful on the Attorney Fees - it should be a flat fee - opposed to a per acre fee which some charge.

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Permalink Reply by Barry D on October 1, 2017 at 3:01pm

For free?

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Permalink Reply by Mike Sero on October 1, 2017 at 3:03pm

If you asked me to review your lease I'd do it for free

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Permalink Reply by Barry D on October 1, 2017 at 1:46pm

jett,

Of course they have the best interest of the company "at heart".

That does not mean the interest of the company and the landowner are at odds.

My purpose for posting here was this; if you have concerns, then work with an attorney

with oil and gas experience.That person will be able to inform you if your interests and

the interests of the oil and gas company are mutual. The advice and guidance would be based

on experience with oil and gas law.

I would also suggest that the oil and gas attorney be as local you and the oil and gas activity as possible.

From reading this site, it appears that eastern Ohio has many experienced oil and gas attorneys.

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Permalink Reply by Mike Sero on October 1, 2017 at 3:06pm

Salt Fork is an Operator actually - and they have hired smaller companies to do their leg work.

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Permalink Reply by Barry D on October 1, 2017 at 3:08pm

Where in Ohio has the company drilled and produced wells ( not just as an investor, but as an operator) ?

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