Why the H*#4@ did I sign a mineral lease? - GoHaynesvilleShale.com2024-03-29T12:59:22Zhttps://gohaynesvilleshale.com/forum/topics/why-the-h-4-did-i-sign-a-mineral-lease?commentId=2117179%3AComment%3A2993177&feed=yes&xn_auth=noThank you BF and well said.tag:gohaynesvilleshale.com,2013-07-17:2117179:Comment:30104632013-07-17T18:22:02.001Zleehttps://gohaynesvilleshale.com/profile/lee4
<p>Thank you BF and well said.</p>
<p>Thank you BF and well said.</p> GLJenkins---if you don't trus…tag:gohaynesvilleshale.com,2013-07-15:2117179:Comment:30067622013-07-15T01:17:00.120Zadubuhttps://gohaynesvilleshale.com/profile/adubu
GLJenkins---if you don't trust your attorney then fire him and find another. That a boll statement about most attorneys are crooks for you must live in "Liberal Land" I just have to disagree with that statement. The only possible attorney that are crooks i know are those that got in politics and became corrupt which most in Wasington DC are for it's amassing they go in as middle class and come out RICH. Look at Hillary Clinton made $1.2 million on 3 speaker engagements last week.
GLJenkins---if you don't trust your attorney then fire him and find another. That a boll statement about most attorneys are crooks for you must live in "Liberal Land" I just have to disagree with that statement. The only possible attorney that are crooks i know are those that got in politics and became corrupt which most in Wasington DC are for it's amassing they go in as middle class and come out RICH. Look at Hillary Clinton made $1.2 million on 3 speaker engagements last week. Attorney's are at the top of…tag:gohaynesvilleshale.com,2013-07-15:2117179:Comment:30065722013-07-15T00:55:41.982ZG.L. Jenkinshttps://gohaynesvilleshale.com/profile/GLJenkins
<p>Attorney's are at the top of my list as the biggest crooks. I don't trust my own Attorney's and they know it...</p>
<p>Attorney's are at the top of my list as the biggest crooks. I don't trust my own Attorney's and they know it...</p> I would also encourage any la…tag:gohaynesvilleshale.com,2013-07-14:2117179:Comment:30061872013-07-14T21:09:10.453Z2p6y7ycljui0uhttps://gohaynesvilleshale.com/xn/detail/u_2p6y7ycljui0u
<p>I would also encourage any landowner, when approached by a "professional" landman, to think of the approach as one from a car salesman of the seventies. Ask for the name of the person he reports to, "the man" if you will. No, not the operator, but his supervisor. Utilize a relative inexpensive software and do a criminal search on some of these characters. You just might be astonished.</p>
<p>Once you come to the realization of "the bidness," it will be much easier to justify the expense of…</p>
<p>I would also encourage any landowner, when approached by a "professional" landman, to think of the approach as one from a car salesman of the seventies. Ask for the name of the person he reports to, "the man" if you will. No, not the operator, but his supervisor. Utilize a relative inexpensive software and do a criminal search on some of these characters. You just might be astonished.</p>
<p>Once you come to the realization of "the bidness," it will be much easier to justify the expense of an oil and gas attorney rather than go by what your "professional" landman assures you. Been that way for over a century. Be leery of the Oil & Gas and the Timber folks. It will not change. </p> spoiler alert! i'm still goi…tag:gohaynesvilleshale.com,2013-07-14:2117179:Comment:30056082013-07-14T04:22:12.257Zessayhttps://gohaynesvilleshale.com/profile/essay
<p>spoiler alert! i'm still going to read the whole thing though!</p>
<p>spoiler alert! i'm still going to read the whole thing though!</p> And also thank you, Geologist…tag:gohaynesvilleshale.com,2013-07-12:2117179:Comment:30030412013-07-12T13:56:53.796Zleehttps://gohaynesvilleshale.com/profile/lee4
<p>And also thank you, Geologist you for all your pertinent information on my posts and I have come to Jesus.. : ) By the way to all involved in my discussion, thanks for taking the time to answer any way you wanted. It's nice to debate and show passion for what you believe in and shows that I am indeed surrounded by knowledgeable think tanks...and your tanks are full. I chuckled at those who gave funny but tough remarks because I like a good laugh so thanks to all.</p>
<p>Lee</p>
<p>And also thank you, Geologist you for all your pertinent information on my posts and I have come to Jesus.. : ) By the way to all involved in my discussion, thanks for taking the time to answer any way you wanted. It's nice to debate and show passion for what you believe in and shows that I am indeed surrounded by knowledgeable think tanks...and your tanks are full. I chuckled at those who gave funny but tough remarks because I like a good laugh so thanks to all.</p>
<p>Lee</p> Thanks :) tag:gohaynesvilleshale.com,2013-07-11:2117179:Comment:30025092013-07-11T19:56:25.175ZGeologisthttps://gohaynesvilleshale.com/profile/Geologist
<p>Thanks :) </p>
<p>Thanks :) </p> Lee,
I hope to goodness that…tag:gohaynesvilleshale.com,2013-07-11:2117179:Comment:30024292013-07-11T19:43:59.879ZGeologisthttps://gohaynesvilleshale.com/profile/Geologist
<p>Lee,</p>
<p>I hope to goodness that this is a fake question. I've looked at the majority of comments made by you in this discussion and I feel sad for you. I would strongly suggest that should you ever be asked to sign a lease again you seek out a proper authority so that you can discuss all aspects of the lease and pricing. The burden is on you to make sure that you understand the lease and that you do the proper research prior to evaluating any counter offers.</p>
<p>You are attacking…</p>
<p>Lee,</p>
<p>I hope to goodness that this is a fake question. I've looked at the majority of comments made by you in this discussion and I feel sad for you. I would strongly suggest that should you ever be asked to sign a lease again you seek out a proper authority so that you can discuss all aspects of the lease and pricing. The burden is on you to make sure that you understand the lease and that you do the proper research prior to evaluating any counter offers.</p>
<p>You are attacking an industry which you willingly (and probably excitedly) entered when you signed the lease. Your uneducated agreement to the lease is no one's fault but your own. No one forced you to sign and you could have discussed any questions with knowledgeable people beforehand. </p>
<p>Please don't take this as an attack, rather a come to Jesus discussion on how important adequately understanding the commitment and ramifications of that commitment is to the future happiness you enjoy.</p> 0.0015 * ($2.00 *32000 MCF) =…tag:gohaynesvilleshale.com,2013-07-11:2117179:Comment:30024992013-07-11T19:34:49.993ZGeologisthttps://gohaynesvilleshale.com/profile/Geologist
<p>0.0015 * ($2.00 *32000 MCF) = 96</p>
<p> </p>
<p>Translation: if a well made 32,000 MCF a month and the company sold it for $2.00 an MCF then the royalty check would be $96.</p>
<p>0.0015 * ($2.00 *32000 MCF) = 96</p>
<p> </p>
<p>Translation: if a well made 32,000 MCF a month and the company sold it for $2.00 an MCF then the royalty check would be $96.</p> Lee,
I believe (I don't recei…tag:gohaynesvilleshale.com,2013-07-11:2117179:Comment:30024952013-07-11T19:22:20.825ZGeologisthttps://gohaynesvilleshale.com/profile/Geologist
<p>Lee,</p>
<p>I believe (I don't receive royalty checks but I have seen them before) that the price per barrel/mcf is shown on the check. You can also call the oil/gas company and find out for sure. Also, if you know the purchaser (buyer of the hydrocarbon) then you call them and possibly find out. The price of oil/gas depends on many things. You can't simply turn on the TV/look at the internet and know what your specific product will sell for. There are different indexes, different types…</p>
<p>Lee,</p>
<p>I believe (I don't receive royalty checks but I have seen them before) that the price per barrel/mcf is shown on the check. You can also call the oil/gas company and find out for sure. Also, if you know the purchaser (buyer of the hydrocarbon) then you call them and possibly find out. The price of oil/gas depends on many things. You can't simply turn on the TV/look at the internet and know what your specific product will sell for. There are different indexes, different types of the same product (richness) and a host of other things. You may hear gas is going for $X but your's is actually going for $Y due to many things. </p>
<p>You need to understand this:</p>
<p>There are so many governmental agencies (state, local, federal) involved in oversight of the O&G industry that if someone tried to "cheat" you out of anything it would quickly be found out.</p>
<p>In addition, your perception of the O&G industry is wrong for 99.9% of the people involved. This is one of the few industries which allow anyone from any background to succeed and prosper. I have met people with 8th grade educations who are millionaires. This industry depends a lot on relationships and trust. If a person or company were doing dishonest or unethical things it would quickly be found out and impact those involved negatively.</p>
<p>O&G companies are hard to deal with in some cases. It is also extremely difficult to explain things to people who are convinced they have been taken advantage of and refuse to listen to explanations. This industry is unique in the fact that few people truly understand all that is involved in getting the product out of the ground and into general use. It isn't just a matter of getting it out of the ground and someone magically pays money for it. The price paid is also not a cut and dry number. Companies hedge, product is not rich, product is rich, etc.</p>
<p>A very telling example:</p>
<p>If a well is drilled and a partial mineral owner can't be found then the royalties are put in suspense. Upon successful proof that you are a mineral owner then any minerals you own are paid for by the company. This can be after 5 years or 25 years for that matter. I know of a man who was deeded minerals and had no clue. Someone found him and he was given a check for 3 million dollars by the O&G company. He began receiving royalty payments the next month.</p>
<p>In conclusion:</p>
<p>It seems that you are upset by the fact you signed a lease and haven't received the money you thought you would. That is unfortunate but happens a lot. When you sign a lease at $14/MCF and the price drops to $2/MCF you will start receiving significantly lower checks. This issue you speak of can easily be rectified by selling your mineral rights to a royalty company. Noble Royalties (in no way a recommendation and no, I don't work for them nor have I ever) comes to mind. They will evaluate your mineral rights/lease and give you a price based on their findings. It would give you a lump sum of cash and allow you to sleep at night which is not happening now it seems.</p>