Atty. Eric Johnson Gives Speech at Covelli Centre
Late in 2011, I was asked to give a speech at the first annual Youngstown Ohio Utica & Natural Gas Conference & Expo, held at the Covelli Centre in downtown Youngstown. Our friends over at the Youngstown/Warren Chamber of Commerce were kind enough to record the bulk of my presentation. It is viewable below: Read More
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Oil and Gas Lease Amendments
Now that much of the new leasing has slowed down, many of our clients are being asked to sign a lease amendment. These people are already under a lease from many years ago. The trouble with an old lease is that they were written to accommodate shallower wells, as well as the way the oil and gas business operated thirty some years ago. The environment has changed dramatically since then, and...Read More
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Ohio Oil and Gas Leasing Update July 2012
Six months ago I wrote an update on Ohio oil and gas leasing. Since that time, lease activity in Ohio has changed somewhat. New Utica wells continue to be drilled, but it can take a while to learn about their production capabilities. Some of these wells will be drilled and left alone for a period of at least 4 weeks. This is done for geological reasons and has to do with the pressure of the...Read More
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Johnson & Johnson featured in Washington Post
Our expertise in the field of oil and gas law is drawn on from all over the country. Not too long ago the Washington Post ran an article about the Utica shale and its implications for eastern Ohio. It cites an article I wrote just a little while ago. You can read the article from the Washington Post here. Read More
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Johnson & Johnson Featured in the Business Journal
Our friends over at The Business Journal recently ran an article about us. It describes the increased business we’ve been doing in conjunction with the oil and gas activity in the area. After a long lull in the local oil and gas industry, we’ve found ourselves quite busy amidst the Utica shale play. Our reputation continues to bring us new clients, and we’re very grateful...Read More
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Buying Land With Mineral Rights
We get lots of phone calls from folks who want to purchase land, either at a sheriff’s sale, at auction, or just from a local seller. They want to know if the mineral rights are included in the sale. These people want to buy land and quickly lease the mineral rights for a sizable signing bonus that can often offset a large portion of what they just paid for the land. In a private...Read More
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Oil and Gas Valuations
It’s always surprising for us to see how our major practice areas come to overlap. Oil and gas law doesn’t have an obvious nexus with estate planning and the probate process. However, given that estate planning typically involves carefully allocating assets to maximize their utility for family or friends, it shouldn’t be a surprise that valuable oil and gas rights might...Read More
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Minimizing Tax Impact of Oil and Gas Royalties
The impact oil and gas leasing has had on Ohio is remarkable. A farmer who struggled to make ends meet one year could find himself with an income tax bill he never imagined the next. Though we Ohioans have been blessed by these essential resources, allocating their value can be troublesome from a financial standpoint. Many people may find themselves unsure of what to do with signing bonus...Read More
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