0 – 15 Minutes
Doug touches on natural gas royalty deductions and percentage of deconditions relative to royalty payments; the need to have individual representation for estate planning. Why every landowner should have at least a review and consultation with Attorney Clark before entering into any agreements to sell any oil, gas or mineral rights to any third party.
15 – 30 Minutes
Doug gets into detailed explanation and analysis regarding the impact of natural gas prices per mcf relative to post-deduction cost deductions for transportation, gathering, compression and other costs and the effect that gas prices have on landowner’s royalty checks and the percentage of royalty deductions relative to gross royalties.
30 – 45 Minutes
Doug continues to discuss natural gas royalty payments and the impact that low gas prices have on landowner’s royalties and how post production costs consume landowner’s royalty payments when the price of natural gas is low.
45 – 60 Minutes
Doug discusses the potential for negotiation and compensation for oil and gas lease agreements and the need for a knowledgeable oil and gas attorney. Landowners must understand lease amendments, extensions and ratifications and whether they can be negotiated for higher compensation while minimizing the impact for the landowner.