Upcoming
Events
Oil and Gas Leasing, Income Planning, and Management - Northwest Savings Bank
FREE Oil and Gas Leasing Seminar
Monday, March 12th • 6 PM – 9 PM
Cranberry High School Auditorium
3 Education Drive, Seneca
Please RSVP to Tabitha Bean by March 8th at (814) 516-3860 or online at www.OilandGasHelp.com.
Cant make this seminar? Join us: March 13th, 6 – 9pm • Meadville High
School, Meadville, PA
Speakers:
Attorney Bud Shuffstall: A graduate of Allegheny College and the University of Pittsburgh School of Law, Bud is experienced in providing oil, gas, and mineral related services to landowners. Bud will discuss common issues in oil and gas lease negotiations.
(814) 282-8304 bshuffstall@nwbcorp.com
Attorney Chris Junker:
A graduate of Alfred University and Syracuse University
College of
Law, Chris has 40 years of estate, trust, and fiduciary
administration experience. Chris will talk about unique tax and planning
issues landowners face when they begin to receive oil and gas lease
income.
(814) 282-8305 cjunker@nwbcorp.com
_________________________________________________________
Business Prep for the Oil and Gas Industry Certificate Program
Put your Business
Ahead of the Competition!
FLYER
March 21, 2012 – May 30, 2012
6 Wednesday sessions from 8-11AM
Cost: $250
Must register to attend
- Limited to first 30 people
To register, please fill out the registration form linked above
and return. If you have any questions, please call Lance Hummer at 814-677-4427 or
Mary Cochran at 814-677-3152
Conference Room - Klapec Auto Body
180 Regina Drive, Cranberry, PA
Venango County
(Turn between McDonalds and Bob Evans towards WalMart)
Wednesday, March 21, 2012: Oil and Gas Industry 101 (Knowing the Culture and the structure of the Oil and Gas Industry).
Wednesday, April 4, 2012: HR (Human Resource) Issues (Speaker from PGE)
Wednesday, April 18, 2012: Compliance Requirement
Wednesday, May 2, 2012: Media/Public Relations
Wednesday, May 16, 2012: MSA (Master Service Agreement)
Wednesday, May 30, 2012: Accounting and Legalese
Must register to attend - limited to
first 30
To register, please call Lance Hummer at 814-677-4427 or
Mary Cochran at 814-677-3152
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Tips for Landowners Wanting to Lease Land
Disclaimer: This document was
prepared as a general guide.
It should not be construed as providing legal and or financial
advice. It is always advisable to seek the advice of experts.
In any
land transaction, it is imperative to have an attorney who has
experience in natural gas leasing to review your lease.
Prior to meeting a landowner group or attorney specializing in natural gas, make a list of any items that you feel are important to you in a lease or any questions you may have about leasing and drilling. This insures that all of your concerns are put on the table at the first meeting. Make sure all terms are addressed in writing in the lease.
There’s no such thing as a standard contract.
Minerals and oil gas are separate in Pennsylvania. Also leasing and
selling rights are different. Lease, don’t sell your rights.
A good lease should preserve the surface, ensuring that the land will be restored as well as possible to its natural state.
Remember it is never a good time to sign a bad lease, but it is
always a good time to sign a good lease. You can set your own time
frame. You don’t have to sign the lease immediately. Take your
time to review it.
There’s no reason you cannot talk to multiple companies and compare
their offers. You can also ask your neighbors who have signed
leases to review their leases with you, if they are willing. Groups
offer power in numbers allowing multiple company negotiations.
Make sure all leases include mid-term and terminal reclamation,
restoring property to its natural state.
Limit gas companies to what they need, not want, therefore allowing
additional income streams for further negotiation. ie. foreign
pipelines - which refers to a pipeline that is not carrying gas from
your property but across your property.
Any extension of the primary term should be absolutely understood.
Leases
should contain language that has remedies for non-performance and
non-payment from the drilling company.
It is suggested that the landowner is notified in writing if the
lease is assigned to another company.
Good contracts require water be tested from every water source on
your property for both quality and quantity by a third party.
This can be life changing wealth and you should receive sound
financial advice to serve your family’s long-term needs.
Get educated, research, and ask questions to become comfortable with
the decision that can affect future generations!
NEW Penn State Marcellus Webinars: Your Business and Marcellus Shale: Moving Forward 2011
Realizing that there are some people who would
like to take advantage of these webinars, but do not have access to
high-speed internet access, the NW PA Oil and Gas Hub has made
arrangements to broadcast these webinars in four area counties.
Clarion County – Structural Modulars, Inc (SMI), 102 Southern Ave., Strattanville, PA
To register for Clarion County sessions, please call 814-226-0626, or 814-226-9045
Crawford County –
Meadville/Western Crawford County Chamber
of Commerce office 908 Diamond Park, Meadville PA. To register for
Crawford County sessions, please call
814-677-4427.
Mercer County –
Christ Lutheran
Church, 396 Buhl Blvd, Sharon, PA 16146
To register for Mercer County Sessions, please call 724-699-5035.
Venango County- Business Innovation Center, 679 Colbert Avenue Suite 101 Oil City, PA 16301 To register for Venango County Sessions, please call 814-677-3152 or 814-677-4427.
Each of the sessions will run from 9 AM – 10:15 AM
· Sept 13, "Local Business View: Experience in the Northeast"
· Sept. 26, "Industry View: What Does Industry Look For?"
· Oct. 11, "Local Business View: Experience in the Southwest"
· Oct. 24, "The Process: How Do You Sell Into Industry?"
· Nov. 8, "The Work Plan: Financial and Planning Suggestions"
From UNIVERSITY PARK, Pa. –
“A series of Web-based seminars aimed at helping local businesses
prosper from natural-gas drilling and development will be offered this
fall by Penn State Extension's Marcellus Educational Consortium.
"Your Business and Marcellus Shale: Moving Forward 2011" is a five-part
program intended to help local businesses understand and take advantage
of the opportunities arising from development of the Marcellus Shale.
"Participants will expand their knowledge of the opportunities that
exist in the market and learn how to make connections and plan for doing
business in this growing industry," said Jonathan Laughner, extension
educator in Beaver County who is moderating the sessions, one of which
will be held every other week. Each webinar will feature speakers who
are experts in the field.
"Our webinar speakers will include natural-gas industry representatives, local business people successfully responding to opportunities, financial specialists and business-development representatives," Laughner said. "Anyone interested in learning more about this aspect of the industry is welcome to attend."
For those of you who have high-speed internet The website for the
webinars is
https://meeting.psu.edu/marcellusbiz.
Webinar access requires a free Friends of Penn State account, which can
be obtained at
https://fps.psu.edu.
Sponsored by NW Pennsylvania Oil and Gas Hub Taskforce
NW PA Oil
and Gas Industry Hub Business2Business Forum (held 6/28/2011)
Derrick Article:
Future is now
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Marcellus Shale - In the News!
Five Ways Community Businesses Can Get a Foot In
The Door of The Marcellus Industry
By:
Joseph Barone, President
Get of Comfort Zone
– The businesses that will see the greatest benefit are the ones that
are most productive
Know your skills –
Find the one “little thing you can do really well
and stick with it.”
No Silver Bullet –
Find ways to get your company’s name out there so
people know who you are.
Networking – is essential; attend expos, be there first, don’t be shy, remember everyone is there to make contacts.
Follow-Up –
Make no less than six follow-up calls when trying
to connect with a Marcellus Company. Continually go back and talk with
them.
Marcellus Shale: Creating Jobs & Opportunity
A wide array of skilled workers are crucial to oil & natural gas operations. High school/vocational education through post-graduate degrees needed. America's Oil and Natural Gas Industry supports over 9 million jobs. One of them could be yours!
Learn more about this opportunity
Marcellus Expo Presentations
View the powerpoint presentations by clicking any of the following links. If you don't have Microsoft Powerpoint installed on your computer, you can still view the presentations by following these directions:
How to Open a PPT File Without Powerpoint
Obtain A DVD Of The Expo Presentations
Taped sessions from the NWPA Marcellus Shale Showcase are available on DVD by contacting Kevin P. Tommaney at 814-336-3174 ext 227 or
ctv13@zoominternet.net
