Comments on: Marcellus Shale Activities are Extending Historical Oil & Gas Leases in WV https://www.frackcheckwv.net/2016/04/27/marcellus-shale-activities-are-extending-historical-oil-gas-leases-in-wv/ Just another WordPress site Wed, 14 Feb 2024 02:06:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Laurie https://www.frackcheckwv.net/2016/04/27/marcellus-shale-activities-are-extending-historical-oil-gas-leases-in-wv/#comment-188971 Laurie Fri, 15 Jul 2016 13:18:30 +0000 http://www.frackcheckwv.net/?p=17232#comment-188971 This is an interesting case, thanks for sharing! This is an interesting case, thanks for sharing!

]]> By: S. Thomas Bond https://www.frackcheckwv.net/2016/04/27/marcellus-shale-activities-are-extending-historical-oil-gas-leases-in-wv/#comment-187328 S. Thomas Bond Thu, 28 Apr 2016 23:28:43 +0000 http://www.frackcheckwv.net/?p=17232#comment-187328 That's pretty close to confiscation for private use. The original separation of surface from minerals has about run its chase. Multiple owners of the mineral estate, some of them lost, implies no one really had a use for it beyond rentier ownership. That is, they simply wanted income without management or even paying taxes. So why not just let the companies use it - but what do they do with the lost owner royalty, keep it, too? Good deal for them. Many Marcellus wells are LLC's and will go out of business when the profit ends, so the royalty won't be recoverable by legal means. That’s pretty close to confiscation for private use. The original separation of surface from minerals has about run its chase. Multiple owners of the mineral estate, some of them lost, implies no one really had a use for it beyond rentier ownership. That is, they simply wanted income without management or even paying taxes.

So why not just let the companies use it – but what do they do with the lost owner royalty, keep it, too? Good deal for them.

Many Marcellus wells are LLC’s and will go out of business when the profit ends, so the royalty won’t be recoverable by legal means.

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