Frequently Asked Probate Questions
What is the probate court? The probate court oversees the administration of a person’s estate. When a person dies, and after creditors and taxes have been paid, the deceased person’s property must be passed on to heirs. If the person had a properly drafted will, determining where the property goes is fairly straightforward: it will be described in the will. The probate court has...Read More
0
Landowner Rights Video
On Nov. 30, 2011, I had a chance to address landowner rights during the YOUNG 2011 Conference & Expo in Youngstown, Ohio. This post has an embedded video of the one hour presentation that I gave that day. Read More
0
Oil and Gas Lease Forfeiture or Expiration in Ohio
Recently, I’ve been receiving a number of calls from prospective clients who are looking for ways to extract themselves from an old lease that covers their property. Various scenarios exist: (1) an old lease was signed years ago, but no well was ever drilled; (2) a well was drilled, but has sat idle for some time, with no royalties being paid; (3) a well was drilled and royalties have been...Read More
0
Ohio Oil and Gas Leasing Update January 2012
In the last six months we have seen a lot of changes in the oil and gas leasing game. More wells have been drilled and more data about the Utica Shale is now available. This has created a lot of buzz in the oil and gas world. There has been a real surge in interest by many oil and gas companies. There are new “hot” counties where lease prices have escalated substantially, while other counties...Read More
0
Thoughts on Group Leasing or Mineral Selling
We are often asked whether a landowner should join a “group.” The short answer is “it depends.” Certain landowners will benefit from joining a group while others will do better standing alone. Factors we consider include: How many acres do you own? Are you willing to sign a lease that allows the company to drill on your property? Are your neighbors leased? If your neighbors are leased, did...Read More
0
June 2011 Update
Oil and gas leasing in Ohio has continued at a rapid pace. Columbiana County, Jefferson County, Mahoning County, Caroll County, Stark County and Harrison County continue to generate signing bonuses in the $2,000/acre and up range, with prices in Harrison County (where a rumored huge well has been drilled) reportedly hitting over $3,000 per acre. Outside of that core area, in Trumbull County,...Read More
0
