Information about drilling activity, pipelines, etc. in Millwood Township.

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I see many have inquired about the McClain. There are many, many trucks running out of there, large and small. I intend to call them today about the dust from the driveway to the unit and I will ask of the division orders and the royalty payments getting sent out.

I am trying to finish up a project here at home and then will start interviewing attorneys and/or accountants specializing in oil and gas royalties and leases.

I will be starting a thread looking for any insight others may be able to offer.

I am most interested to see how Chesapeake treats us versus everything we are told about them.

I also had a conversation with someone high up in NARO last week, I awaiting some literature about royalties but the man admitted to me they are woefully inadequate in assisting landowners with the situation probably most important to them.

He has no reason for the organizations lack of effort in the arena of royalty payments to landowners.

Per my conversation yesterday with Chesapeake:

The wells from the McClain pad running south, under Putney, were turned on first, about the middle of this month, with the remainder coming into production through this weekend when all are expected to be on line.

The man told me that Chesapeake doesn't send out division orders for 120 days after production begins, he didn't say if they were calendar days or business days and I didn't ask because I don't care.

He told me that royalty checks will be generated after the signed division orders are received back to Chesapeake. Again, he didn't say exactly how long between receiving the signed division orders and the royalty checks going out.

Lastly he told me that it would be sometime in September or October before anyone gets a check.

I am soon to begin the process of hiring someone to verify my royalties match my lease and current market prices. I would think that it would be advisable for those of us in the unit to do this together, if anyone is interested. I will be getting further into this avenue as well as dealing with the NARO folks in helping folks understand their royalties as we get closer to the Fall.

Also, I requested yesterday that Chesapeake put some dust suppressant on the road back to the McClain pad and they kindly obliged and I intend to call them and thank them.

Very heavy traffic (tankers) the last few weeks going to the gathering facility on grape hollow road. It seems like at least ten or so a hour. Someone's making money. 

You got that right

From Eclipse dated 6/28/16 "The Company released additional information on the initial performance of its first “Super-Lateral” well, the Purple Hayes well. During the first 45 days of production, the well has produced cumulative production of approximately 583 MMcfe and has exhibited very shallow pressure declines of approximately 50 Psi per week. The well continues to produce at its managed choke target rates with flat production and no change in the condensate yield to date. The Company believes this to be indicative of better than anticipated performance and remains optimistic with the results to date, although no assurances can be given as to the long-term performance of the well at this juncture." 

Can someone translate what 583 MMcfe means to the layman?  Understand this is only for 45 days, is this comparable to surrounding wells?

I believe,IMHO. that Eclipse is using the performance results from this well to help make their company,and well/leaseholds more attractive to buyers interested in their company, if not buyers,then investors.

http://ir.eclipseresources.com/press-release/eclipse-resources-anno...

STATE COLLEGE, Pa., Jun 28, 2016 (BUSINESS WIRE) -- Eclipse Resources Corporation ECR, -2.05% (“Eclipse Resources” or the “Company”) announced today that it has priced an underwritten public offering of 37,500,000 shares of its common stock at a price to the public of $3.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of the Company’s common stock. The offering is expected to close on July 5, 2016, subject to customary closing conditions.

The Company intends to use all of the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional shares, to fund a portion of the Company’s capital expenditure plan through 2017 and for general corporate purposes.

Goldman, Sachs & Co., KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC and BMO Capital Markets Corp. are acting as joint lead book-running managers of the offering.

http://ir.eclipseresources.com/press-release/eclipse-resources-anno...

STATE COLLEGE, Pa.--(BUSINESS WIRE)--Eclipse Resources Corporation (NYSE: ECR) (the “Company” or “Eclipse Resources”) today is pleased to provide the following operational update, revised capital expenditure plan for 2016 and amended guidance.

  • During the second quarter, the Company recommenced its operated drilling program and is currently drilling its second well in the program in the dry gas area of Monroe County, Ohio. Additionally, the Company commenced completion operations on its drilled but uncompleted wells and has completed two wells in the ongoing program to date
  • The Company intends to spud a total of 10 to 12 net wells for the full year 2016
  • The Company intends to complete a total of 21 to 24 net wells for the full year 2016, which includes 16 to 19 net wells of drilled but uncompleted wells that are currently held in inventory
  • Given current forward commodity prices, the Company expects to cease its voluntary production curtailment program at the end of the third quarter of 2016
  • For the full year 2016, the Company is raising its production guidance to approximately 205 to 210 MMcfe per day as it expects to reestablish flowing its wells at normal type curve rates during the fourth quarter of 2016 and now anticipates fourth quarter 2016 production to average approximately 240 MMcfe per day
  • The Company’s board of directors has approved an increase to the Company’s capital expenditure budget of approximately $28 million, which budget was previously set at $168 million
  • During the second quarter of 2016, the Company has continued to add to its hedge position with:
    • Approximately 170,000 MMBtu per day of natural gas hedged at an average floor price of $2.84 per MMBtu in 2017 which represents approximately 75% of expected production based on the midpoint of the Company’s production guidance for 2017
    • Approximately 3,500 Bbls per day of oil hedged at an average floor price of $46.00 per Bbl in 2017 which represents approximately 75% of expected production based on the midpoint of the Company’s production guidance for 2017
  • The Company released additional information on the initial performance of its first “Super-Lateral” well, the Purple Hayes well. During the first 45 days of production, the well has produced cumulative production of approximately 583 MMcfe and has exhibited very shallow pressure declines of approximately 50 Psi per week. The well continues to produce at its managed choke target rates with flat production and no change in the condensate yield to date. The Company believes this to be indicative of better than anticipated performance and remains optimistic with the results to date, although no assurances can be given as to the long-term performance of the well at this juncture.

Benjamin W. Hulburt, Chairman, President & CEO commenting on the operations, “The Company has recently made the decision to accelerate our operated drilling and completion activity, ahead of our previously announced third quarter 2016 original start. Looking at current forward strip prices, we anticipate lifting our self-imposed production curtailment program and bringing our production back on line at the end of the third quarter of 2016. Based on where current forward strip prices are, we expect to continue to complete our drilled uncompleted wells through the remainder of the year and into the first quarter of 2017, and to continue to run our operated rig continuously going forward. We continue to forecast production growth in 2017 between 40% to 60% as compared to our forecasted production for 2016. Since recommencing our drilling in the Dry Gas area of our acreage, we have already finished drilling the Holliday A 1H well with a 10,000 foot completed lateral length in 18 days from spud to TD, and I remain extremely proud of our team’s operational excellence, along with the efficiency and cost structure they can provide. Lastly, while we can never completely eliminate commodity risk, we believe we have significantly reduced that risk next year by substantially increasing our hedge position, while at the same time structuring our hedge portfolio to not eliminate our exposure to further commodity price increases.”

In laws received check from purple Hayes for May, looks like 22.00 an acre a day

You mean $2200. ? or $22.00? If it's $22.00  they are getting shafted!

If I had 20 acres in a unit that paid me 13,000 per month with oil prices where they are and a partial month, I would be happy happy happy

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