By the time Roger Chilson, a tax preparer in Covington, Pa. Cooner was surprised when contacted by a landman about the rights. Could you own unclaimed shale royalties? Finding out who owns the mineral rights for a given piece of land involves a separate title search that might go back years, or to the origin of the county.
Compare that with a traditional real estate search going back, say, 60 years. Searches are free at the courthouse. But tracking a complicated chain of title could require a professional abstractor and cost anywhere from a few hundred to several thousand dollars. Most of the time, sensible and generous trumps extravagant. Cooner, in Houston, is using shale money to pay off her mortgage and invest in prepaid tuition plans for her two kids.
Eldon Cummings, a Tioga County cattle farmer, wants a lasting legacy. Cummings, 80, attended the University of Pennsylvania on scholarship after winning an essay contest. Signing bonuses are taxed at rates for ordinary income. Some families find that it makes sense to separate royalties from the rest of their finances by means of a trust or a family limited partnership. Besides, a few thousand feet below the Marcellus Shale lies the Utica Shale, which stretches beneath parts of eight states—another boom in the making.
Skip to header Skip to main content Skip to footer. National Association of Royalty Owners: The only national organization representing, solely and without compromise, oil and gas royalty owners interests. Gas Lease Blog: Information on natural gas development and leases. Glossary of Natural Gas Leasing Terms : Look up definitions to understand your lease or whatever you are reading.
New York Landowners Guide: Explains leases, bonus payments, royalty payments, terms, pooling, drilling, compulsory integration and more. Marcellus Shale Maps. Estimate Your Royalty. Natural Gas Royalty Estimator: Enter data from your lease agreement and make a few assumptions. Unoffical estimates of your annual royalty payments. Drilling Technologies. Two drilling technologies are key to most of the highly productive Marcellus wells.
Horizontal drilling allows a well to penetrate a maximum distance of the gas-bearing rock. Hydraulic fracturing is a technique that fractures the gas-bearing rock unit to allow a more efficient drainage of gas. Read more in our Marcellus Shale Article. Give us a call at or fill out our Request an Offer form in order to take the first step towards getting your offer. Go to Navigation Go to Content.
Your browser is out of date. Have land ready to sell in the Marcellus Shale? Request an Offer Now. Want to Learn More about the Process before Selling? Why Choose Momentum? Your Mineral Rights Buyer Momentum Minerals has experience in evaluating and purchasing the mineral rights, royalties and overriding royalties for shale resources throughout the United States.
What are the different types of mineral rights? Momentum Minerals, we can help you determine what type of rights you own: Mineral Rights Mineral rights grant ownership to all of the oil and gas lying below the surface of the property, as well as the right to explore, drill, and produce oil and natural gas on that property or to lease such rights to a third party.
Overriding Royalty Interests ORRI Overriding royalty interests are royalty interests that burden the working interests of a lease and represent the right to receive a fixed percentage of production or revenue from production from a lease.
Nonparticipating Royalty Interest NPRI A non-participating royalty interest owner has a right to all or a portion of the royalty from gross production, but does not have the right to execute a lease, receive a bonus or any delay rentals. Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale.
But beyond that, this site is made up of individuals who have worked hard for that little yard we call home.
Or, that farm on which blood, sweat and tears have fallen. Photos Videos. Blogs Groups. All Discussions My Discussions Add. How much royalties per acre? You could also consider selling an undivided percentage of all your mineral rights. I think I've got it now. Deutchen That is a Happy thought, but I believe it is unrealistic for expect someone to pay the amount forecast to be recovered over the life of the well. You're not logged in. Top Content Edit. Weekly Shale Update.
Local Groups. Bradford County, PA members. Lycoming County, PA members. Tioga County, PA members. Tyler County, WV members. Marshall County, WV members.
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