Also, what @d10 said
The moderators of this message board, otatop, L.Washington, WichitaDM, Yuv, JonnyA, RiskyFlush, and SvenO, are cowards who let abusers dox and harrass other long time posters.
In these negotiations, are you dealing with the other person’s insurance company directly? Right now we’re just dealing with our own. We’ve got Allstate and the other person had Progressive. So wife called Allstate and Allstate person said they will contact Progressive and get them to pay. However, if Progressive tries to lowball us, I’m not sure Allstate really gives a fuck. So, at some point, we will need to deal w/ Progressive directly. When is that generally?
Don’t you have enough things in your life to worry about?
Just look up the book value of your vehicle and wait to hear from your insurance company.
You’re not breeding pandas.
I preferred dealing with the other guys insurance but you can go either way. If you’re going through yours you’ll negotiate a payout with them and you’ll never talk to the other insurance. Your insurance will pay you and invisible to you they’ll deal with the other insurance to get paid back. If they negotiate a higher or lower payout than what you were paid it’s all their money at that point and you’ll never know. I don’t knew exactly what your own insurance’s motivations are to negotiate but their offer is still subject to negotiation and requires your acceptance and the same techniques should still be effective.
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Well, right now a lot of them are related to this. Gotta make sure we don’t get bent over by the insurance company. Then we probably have to get a new car. My car buying strategy involves not being in a rush, but there will be some time pressure here, so that’s suboptimal and I have to do it differently. So this is really one piece of an annoying, non-trivial problem.
And this is the first time either of us have been in an automobile accident like this. I’ve had plenty of rungood and not had any and she has had only one minor one.
Thanks. This is what I was curious about.
In retrospect, I was wondering whose insurance it would have been better to call. She just called ours out of instinct. This does seem pretty clear cut as far as who is at fault, so I can see how calling them might be better. But I can also see how it could be worse.
Going back to my natural gas mineral rights ownership issue that I brought up a while back. I was hoping by now to have gotten clarity on what I actually own, but that hasn’t happened yet.
I did reach out to the guy who wanted to buy my rights and asked him several pointed questions, to which he answered that he needed more info from me that I mostly do not have. He said without knowing exactly what I have, that he’d probably offer me $1000 for the mineral rights, because my interest is probably small.
I went and tried to find any paperwork I could from the oil company and found 3 letters I don’t even remember receiving lol. They were from September 25, 2025, which means I received them in early October. Each one said I had a roughly $4300 per net acre lease bonus coming and 20% royalties. I do not believe I’ve received any of the lease bonuses yet.
I’d also told him what I received in lease bonuses based on my 1099 I received last year. He speculated that I own about .12 acres, which I think might be high. I feel like I might own somewhere around .055 acres. His offer continued to be $1000, even though I told him there were apparently 5 wells that have been drilled on the land I have interest in, which is in the largest natural gas reserve in the country.
Trying to do basic research suggested if I have .12 acres, this is a lowball offer and that the rights are probably worth somewhere in the neighborhood of $5000-8000. It’s considered a fair offer if I have .055 acres. I never responded to his last email and instead reached out to the owners’ support email address for the oil company.
As I said before, I’m in a forced pool lease, which means I’ve signed nothing and just will receive bonuses and royalty payments eventually. It took about 10 days to hear from someone at the owners’ support email address, but I finally did last Thursday. She asked me to furnish copies of the letters I received so she could tell me when I expect to receive the payments described in the letters. I haven’t heard back yet.
Because I don’t expect to live very long, and I can’t pass the mineral rights to my wife (West Virginia says it can only pass via bloodline), I’m more inclined to sell it. I just don’t think $1000 is the right offer. If I get anything resembling non-opaque information from the oil company, I may ask them if they’re interested in buying it from me. They’d probably have a good idea of the overall value of the mineral rights and may not completely lowball me.
The supposed draw to selling is who wants to deal with those pesky 1099s (whatever)? That’s not a compelling reason to sell, what’s compelling is that I can’t pass it along to who I want to. It could be quite possible that with 5 wells drilling that I might get upwards of $30 a month in royalties, if my calculations are correct (my interest would probably be about a dollar per day on 5 wells total, if I’m right and I have no idea if I am). That’s $360 a year, and most wells expect to produce for a minimum of 10 years. I don’t expect them to give me full value of the pumping worth, but I don’t know what a reasonable number to expect would be based on how much expected income the wells might make. This would be so much easier if I could understand any of the numbers I’ve received, but getting further understanding is almost impossible without knowing how many net mineral acres I have.
This continues to be a developing story of no interest to anyone including me.
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Wells pump for 10 years?
I’m very ignorant on it but research suggested natural gas wells pump for about 10 years well and longer less well but I could easily be poorly informed. What’s the real answer?
I’m pretty ignorant as well. My understanding is that it very much depends on the well and the field. So some wells could pump for a few years at low volume and others pump for many years at high volume.
For some reason I have 7 years in my head. But that might for Australian fields. Which would be different.
This one appears to be a very high-producing untapped field. So I don’t know what its particulars are even though it’s in one of the largest natural gas reserves in the country. It’s the Marcellus Shale specifically Wetzel County, West Virginia if you want to dig deeper. The wells I know about on my plot are Tesla 1-5, so I guess thanks Elon or something. If I only have .055 acres, it seems like 5 wells would take up most, if not all of that, so I just don’t know. I know there are 3 plots but I don’t know if they’re located next to each other or how they calculate my percentage (I once looked them up on a map but don’t remember where or how now lol). Do I get .055 of 49 acres, or is my particular plot of .055 where all the drilling happens? I’m waiting to get more answers.
Here’s an article of a sort:
I just found an email from the guy who originally contacted me about 3 years ago. He said the company estimated I own about .057 net mineral acres. They were prepared to offer me a $100 lease bonus and 14% royalties. I’ve never signed anything and have so far received a little over $500 gross in lease bonuses, with theoretically 3 more lease bonus payments coming in. I don’t know if that means my interest increased substantially due to lack of living heirs after they completed all that or other reasons, such as trying to lowball me or misgauging my interest. My last letter said I’d be receiving $4300 per net mineral acre and 20% royalties. So it looks like I came out a lot better not signing rather than signing well before any exploration was going to happen. He did say wells can and do produce for many years, some for decades. I think my surprise was that I now have an interest in 5 wells. I don’t know if there will be more. He told me he didn’t want to mislead me and that I would not get rich from this. I absolutely believe him lol. I could use the spare change, tho.
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Not reading that, but I’m assuming based on the pic that they live in a tent in the park.
How much are they spending per month on candles?
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Dunno, they pay $3,900 a month for a one bedroom apartment. I thought that sounded a little high, but according to this report it’s less than the median rate for 1BRs in Manhattan.
Wow that’s actually wild they make 500k and only spend $3900 on rent.
Ok now I gotta assume their candles budget is like $8000/mo
In these stories the “expense” budget always includes them saving like $70,000 a year or something.
Not quite
The couple tries to save about $10,000 each month to put toward an apartment or for an emergency.
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