Comments - How Low Can It Go? Questions From Those Who Can't Believe the Commodity Prices on Their Royalty Statement - GoHaynesvilleShale.com2024-03-28T16:49:58Zhttps://gohaynesvilleshale.com/profiles/comment/feed?attachedTo=2117179%3ABlogPost%3A2818581&xn_auth=noIs it time to bring this thre…tag:gohaynesvilleshale.com,2014-12-22:2117179:Comment:34445552014-12-22T15:03:43.034Zolddog573https://gohaynesvilleshale.com/profile/olddog573
<p>Is it time to bring this thread back? 3.15 as of this minute....</p>
<p>Is it time to bring this thread back? 3.15 as of this minute....</p> Steve,
I have actually been p…tag:gohaynesvilleshale.com,2013-01-19:2117179:Comment:28263692013-01-19T19:25:23.483ZAndrewhttps://gohaynesvilleshale.com/profile/Andrew358
<p>Steve,</p>
<p>I have actually been personally overpaid by an operator in the past. I didn't realize that this happened until about 18 months later when I had "adjustments" made to my royalty one month and had to follow up with them for an explanation why.</p>
<p>Steve,</p>
<p>I have actually been personally overpaid by an operator in the past. I didn't realize that this happened until about 18 months later when I had "adjustments" made to my royalty one month and had to follow up with them for an explanation why.</p> Good blog post, Andrew. I ha…tag:gohaynesvilleshale.com,2013-01-17:2117179:Comment:28246102013-01-17T21:30:45.816ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Good blog post, Andrew. I have one added point of emphasis: Not every attorney, or firm. is experienced in the area of mineral law. The practice of mineral law is a specialty requiring many years to become proficient. I am constantly astounded by the complexity of the Code and the evolving nature of case law. I know zero attorneys who are personal injury lawyers <span style="text-decoration: underline;">and</span> experienced oil, gas and mineral lawyers. There may be a few but most…</p>
<p>Good blog post, Andrew. I have one added point of emphasis: Not every attorney, or firm. is experienced in the area of mineral law. The practice of mineral law is a specialty requiring many years to become proficient. I am constantly astounded by the complexity of the Code and the evolving nature of case law. I know zero attorneys who are personal injury lawyers <span style="text-decoration: underline;">and</span> experienced oil, gas and mineral lawyers. There may be a few but most O&G attorneys have additional areas of practices such as business or contract law. If an attorney or firm doesn't list mineral law as one of their specialties on their website I would not consider hiring them. Experienced O&G attorneys or firms sometimes have potential conflicts of interest and will turn down work where they perceive that to be a problem. IMO it's always acceptable for the client to ask. Experienced O&G attorneys are not cheap but they will quote hourly rates and provide an estimate of the hours required to complete a project. The hours required to review a lease or even to negotiate one on behalf of a client are few when compared to those required to litigate after the fact. </p>
<div id="__tbSetup"></div> A royalty owner can, and shou…tag:gohaynesvilleshale.com,2013-01-17:2117179:Comment:28243932013-01-17T16:51:53.366ZJohn Brewsterhttps://gohaynesvilleshale.com/profile/JohnBrewster
<p>A royalty owner can, and should, request a break down of the deductions from the price, especially when the price seems low. The owner may not be qualified to know whether those deductions were legal under the terms of the lease, but at least you then have some information to take to a lawyer so that he can examine your lease and provide advice based on the law of the state where the propety is located.</p>
<p>A royalty owner can, and should, request a break down of the deductions from the price, especially when the price seems low. The owner may not be qualified to know whether those deductions were legal under the terms of the lease, but at least you then have some information to take to a lawyer so that he can examine your lease and provide advice based on the law of the state where the propety is located.</p> Thanks for your apt advice -…tag:gohaynesvilleshale.com,2013-01-17:2117179:Comment:28241762013-01-17T14:32:32.320ZStevehttps://gohaynesvilleshale.com/profile/Steve8
<p>Thanks for your apt advice - which summarized is never ever trust an oil company. There have historically been countless "mistakes " made in royalty payment accounting, since it is so difficult to follow and the Regulators generally could care less whether you got screwed. (perhaps CHK is the only operator that doesn't want to confuse the royalty owner so it nets them out 1st?) But, I can't help but observe that for some unexplained reason, the royalty owner rarely gets paid too much - the…</p>
<p>Thanks for your apt advice - which summarized is never ever trust an oil company. There have historically been countless "mistakes " made in royalty payment accounting, since it is so difficult to follow and the Regulators generally could care less whether you got screwed. (perhaps CHK is the only operator that doesn't want to confuse the royalty owner so it nets them out 1st?) But, I can't help but observe that for some unexplained reason, the royalty owner rarely gets paid too much - the accounting errors seem to always be in favor of the operator. Hummmmm? The biggest mistake consistently made is trusting the operator to be fair to the royalty owner. NEVER accept the 1st lease a landman hands you is your best defense.</p> Is anyone out there in the pr…tag:gohaynesvilleshale.com,2013-01-15:2117179:Comment:28223092013-01-15T19:10:23.777Zreathia alexanderhttps://gohaynesvilleshale.com/profile/reathiaalexander
<p>Is anyone out there in the process of leasing their land at this time and finding it a long process to get leasing papers.</p>
<p>Is anyone out there in the process of leasing their land at this time and finding it a long process to get leasing papers.</p>