Ascent Eclipse Releasing Leases in Core of Guernsey County - GoMarcellusShale.com2024-03-28T13:37:12Zhttps://gomarcellusshale.com/forum/topics/ascent-eclipse-releasing-leases-in-core-of-guernsey-county?commentId=2274639%3AComment%3A823556&feed=yes&xn_auth=noSub standard intellect in ch…tag:gomarcellusshale.com,2020-02-18:2274639:Comment:8238542020-02-18T05:14:14.815ZPortiuncula Franciscan Hermitagehttps://gomarcellusshale.com/profile/Portiuncula
<p>Sub standard intellect in charge...</p>
<p>Sub standard intellect in charge...</p> Not too many signed by Gulfpo…tag:gomarcellusshale.com,2020-02-17:2274639:Comment:8237502020-02-17T20:34:03.766Zshakeshalehttps://gomarcellusshale.com/profile/shakeshale
Not too many signed by Gulfport<br />
3 leases this year in Monroe
Not too many signed by Gulfport<br />
3 leases this year in Monroe Sounds about right with all t…tag:gomarcellusshale.com,2020-02-17:2274639:Comment:8236842020-02-17T17:07:35.706Zshakeshalehttps://gomarcellusshale.com/profile/shakeshale
Sounds about right with all the operators in the play teetering on Bankruptcy or becoming penny stocks<br />
Sooner or later the well runs dry
Sounds about right with all the operators in the play teetering on Bankruptcy or becoming penny stocks<br />
Sooner or later the well runs dry To me - it’s a matter of $$…tag:gomarcellusshale.com,2020-02-17:2274639:Comment:8238442020-02-17T12:52:50.787Zdjefferishttps://gomarcellusshale.com/profile/djefferis
<p>To me - it’s a matter of $$</p>
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<p>If a lease term is up...they either need to begin production before end of term, re-up at the same bonus to re-extend the term another round or re/sign at better terms - walk away.</p>
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<p>Many of these leases being let go were signed in 2014-2015 (pinnacle of the market) so unless you can find money to drill it, your bonus payment would be $$$$. Offering better terms knowing some landowners will refuse worked for Eclipse a while from…</p>
<p>To me - it’s a matter of $$</p>
<p></p>
<p>If a lease term is up...they either need to begin production before end of term, re-up at the same bonus to re-extend the term another round or re/sign at better terms - walk away.</p>
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<p>Many of these leases being let go were signed in 2014-2015 (pinnacle of the market) so unless you can find money to drill it, your bonus payment would be $$$$. Offering better terms knowing some landowners will refuse worked for Eclipse a while from 2016-2017, but eventually they had to admit they had too much land and no hope of drilling all of it within 5 years. <br/><br/></p>
<p>Selling to someone else...again, just too much land not enough rigs and why buy short term when you can pick the best for pennies unsigned? <br/><br/></p>
<p>There is still production- and will be for 10+ years...it’s just a matter of cost. Land that was bought and being dumped now is cheap...an operator like Ascent can make $$ still at $2. When the operators need supply - they will have plenty of willing landowners signing on...just like the did in early 2000s with offers of $5-100 an acre and 12.5% leases. Just takes a few years to really reset expectations. </p> It appears Gulfport is doing…tag:gomarcellusshale.com,2020-02-15:2274639:Comment:8235872020-02-15T14:49:11.425ZPortiuncula Franciscan Hermitagehttps://gomarcellusshale.com/profile/Portiuncula
<p>It appears Gulfport is doing the same thing in Monroe County...</p>
<p>It appears Gulfport is doing the same thing in Monroe County...</p> leases are being extended cen…tag:gomarcellusshale.com,2020-02-14:2274639:Comment:8235562020-02-14T15:35:06.058Zbo boboskihttps://gomarcellusshale.com/profile/boboboski
<p>leases are being extended central guernsey co. Center twp. Wills twp. Madison. bigger % of oil in them wells.</p>
<p>leases are being extended central guernsey co. Center twp. Wills twp. Madison. bigger % of oil in them wells.</p>