I have mineral rights for three wells Tyler county, the lease agreement is for these 3 wells. In January 2025 I accumulated 2 more wells in Wetzel county, plus another well I think it’s a pool. Question is, on the new two wells that have been pumping since 2023. I would have thought I would have gotten a lease agreement for these two new wells. They are in a different county. Maybe someone here can give me some advice. Thanks
Each tract of land would necessitate a different oil and gas lease. It is possible the lessee is producing under a pooling proceeding. Inquire of the operator if they have a lease.
Another question for instance 1/1/25. Gas value pumped $793,919.33 after deductions $667,301.26. then with more deductions and interest. I got $72.57. Then on all of this, have to pay mineral taxes to Tyler county, then file income taxes to West Virginia for what little you received then you have to pay West Virginia again on the income taxes you had to file. Looks like to me only folks that make any money on this entire situation is West Virginia, then of course the gas and oil folks
Another question: why on the statement on the monthly royalties. The company takes out deductions on the gross, then takes more deductions out of what small amount the owner gets. So the gas and oil company is taking the deduction out twice. For instance it’s oil, by the time they take out all of these deductions. That comes to a total 0.13¢.