Eclipse now paying $1500/acre and 15% royalty to cure older Oxford leases

Confirmed by three landowners in NE Noble County, Ohio.  Up til now, the best offer was $500/acre, a more "modern" lease with ~no deductions and 12.5%.   Cleaning up for the IPO?   Success by Antero in the area have them licking their chops to get a rig placed?  Antero putting the pressure on so they can assemble some JV units?

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Permalink Reply by Busy Bee on May 24, 2014 at 8:27am
Fandango , thanks for finding it .
Permalink Reply by fandango on May 24, 2014 at 12:16pm

You're welcome.

Permalink Reply by Busy Bee on May 23, 2014 at 8:40am
Phillip , thank you I'll check it out when I get home .
Permalink Reply by Philip Brutz on May 23, 2014 at 8:58am

Here is a Google Earth map of the Markwest pipeline network.  It is interesting to look at them together.

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Permalink Reply by searcherone on May 23, 2014 at 12:26pm

Hiker  and Philip,  Here is my theory Eclipse is showing every drilling unit in which they have a %--it doesn't have to be 100% ownership.   The Stalder  well in Lee TWP Monroe Co. is shown on the map as an Eclipse and we all refer to it as Magnum Hunter, but Magnum only owns a percent, Eclipse a percent and even Statoil plus small percents owned by about three other companies.   Not every drilling unit is 100 % owned by one company.

Permalink Reply by Philip Brutz on May 23, 2014 at 12:48pm

Good point.

Permalink Reply by The Hiker on May 23, 2014 at 11:54pm

Searcherone:  That has to be it.   Even with ~one acre out of 640, they are claiming it.   Smoke, mirrors, and IPO here we come. 

Permalink Reply by Philip Brutz on May 23, 2014 at 1:01pm

Oxford really did an amazing job of consolidating a large contiguous area right in the bulls eye.  

Permalink Reply by James Vanderink on May 23, 2014 at 1:55pm
Straker had a Crystal Ball. Do you really think anybody gets that lucky? No. Look at his drills from 2009 to Sale.
Permalink Reply by Philip Brutz on May 23, 2014 at 2:11pm

He started paying $5 an acre and went up to $50 an acre.  All at 12.5% net.

Permalink Reply by Philip Brutz on May 23, 2014 at 2:30pm

One thing that he missed in his Crystal Ball was unit size.

Permalink Reply by James Vanderink on May 23, 2014 at 2:58pm
$10/ Acre, yep! Is Straker paying the $1500/acre? No. Genius!

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