i am with Eclipse here in Pa. i don't know the details of your area. the merger with BRMR [Magnum Hunter] may be of some impact in their decision. the close of the merger is due in the 4th quarter and Eclipse senior management is entirely replaced except for Oleg T., the drilling manager. has your area been developed in any significant way? if so i might think BRMR may pick back up. time to think leasing tactics with perhaps neighbors. it does seem odd but the Eclipse team took a very serious flogging by Encap and i sense sour grapes in management. potentially justified!
I think Old Timer's response is very insightful as it pertains to "leasing tactics". As I requested in my first response to your thread if it appears that there has been drilling all around you I would be sure to get together and form a group with those of you contiguous that appear likely to get in an eventual unit.
Especially if you are a smaller property you would want to get in the shade thrown by your larger neighbors I would think.
Things in this business move so strangely I would try to stay upbeat, things change so very quickly and often for the better. I hope this is once again the case for you. There was a time when I thought that due to all my neighbors having signed with Oxford Oil my 30 acres would never get drilled because Oxford didn't drill deep stuff and they were worse to deal with than any of the other companies around here. Then Antero came into the picture and was said to have a deal to buy out Oxford so they could drill our area, only to have that deal fall through. I am not sure Eclipse was an existing company at some of those points in time. Meanwhile I knew people who were told to sign early so they could get drilled first and get first crack at the royalty money, many did, at a very low land bonus amount and some are not drilled to this day.
Might not be much you can say. I had a similar situation with them but they slid right under the date for my lease to be renewed and got us HBP. There have been numerous instances where I have had companies negotiate things with me, water rights and temporary ROW's but these plans were back up plans in case the main thing they wanted fell through, which is fine but they didn't tell me that up front or I would have handled it a little differently.
The timing in your comment makes me think you did pretty well with your first land bonus money, which is better than some did for themselves.
Still, the bonus money I lost, and yours that is lost, was a timing issue that fell barely to their benefit and I don't hold a grudge against them for not paying me if they didn't need to even though the money would have been great to have.
I feel for you, I wonder if you are now thinking you wont get drilled because you were not re-leased ?
I wonder where your property is and how much land you have ? Some areas are I feel certain to get drilled sooner or later, and I believe that overall the later drilled units will pay better due to the upward pricing levels of oil and gas.
Many were envious as we had a portion of our acreage drilled during the time when the drillers were leaving our area in eastern Guernsey county, but I would much rather have been drilled this year instead because royalties on oil at $28 a barrel were not nearly as valuable as royalties on $70 per barrel oil.
I wish you the best of luck going forward.
you may get a better perspective of their intentions after the merger occurs in the 4th quarter with BRMR and new management. i would try to channel my energy into a leasing plan. i get your feelings very well since going through similar issues and even the unknown future plans here since this announcement. i've also gone through simular turmoil as a 40 yr, energy production employee when our division was suddenly sold to a huge global energy investment fund. i retired! hang in there as you aren't the only one.
Eclipse as we new it has been effectively euthanized by Encap.
Eclipse Resources doesn't exist without EnCap. EnCap is an investment fund, meant to make money by either 1) flipping projects for a profit or 2) creating profit through acquisitions.