0 – 15 Minutes
Doug discusses gas and pipeline company’s landmen’s pitch of a “partnership” to landowners. Doug provides an example of landowners who signed documents upon company representations only to be extremely disappointed when their property is turned into an industrial zone. This illustrates the need to question the kindnesses of landmen, who are out to do a job.
15 – 30 Minutes
Doug expands on horror story of landowner signing an agreement based on landman’s representation only to be shocked by intensive industrial development on their property. Landowners must understand any agreement they are to be executed and negotiate to limit future issues. Landowners must learn from past mistakes made by others and not settle with the lease terms that are accepted by their neighbors.
30 – 45 Minutes
Doug explains the impact of natural gas prices on landowner’s royalty payments and the impact of deductions for post-production costs when gas prices are low. Doug also explains the impact of natural gas volume related to deductions with an eye towards gas prices.
45 – 60 Minutes
Doug explains in more detail the impact that natural gas prices and volume of gas being transported has on landowner royalty statements. Doug addresses landowner confusion about deductions relative to royalty payments. Doug provides sample examples illustrating how gas prices and volume of natural gas transported and sold impacts landowner royalty statements. Landowners must understand variables of natural gas volume and prices and assessing the impact of deductions on their royalty statements.
