Oxford Oil sold to Eclipse

I was told that the announcement was made to company employees today. 

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0agf12owuyn7dPermalink Reply by 0agf12owuyn7d on February 25, 2013 at 6:17am

Eclipes is really on the rise! I am signed with eclipes and they paid me early like over thirty days early! I am glad to hear there doing well and I hope they come to Beaver township where my property is located!

Permalink Reply by DSFS on February 25, 2013 at 6:18am

what county is Beaver Twp in?

0agf12owuyn7dPermalink Reply by 0agf12owuyn7d on February 25, 2013 at 9:01am

Dave it's Noble county in Ohio

Permalink Reply by The Hiker on February 25, 2013 at 11:39am

The word I got was that the entire company was sold, not just the deep rights.  This is good news for some people with Eclipse and Antero leases that had been blocked by Oxford acreage, and really good news for those HBP with Oxford. 

Permalink Reply by May on February 25, 2013 at 10:58am

I follow eclipse on linkedin and saw this link pop up from the company: http://www.prnewswire.com/news-releases/eclipse-resources-adds-to-s...

Buying oxford or not, they're staffing up to drill.

Permalink Reply by searcherone on February 25, 2013 at 12:20pm

That is a most promising article.  Those people with Eclipse leases in Monroe County seemed to be pleased with them.   Eclipse is also doing a joint venture with Magnum Hunter to drill some wells within the next two years.  IMHO Eclipse and Magnum Hunter are the beneficial players for those of us south of I-70.

 Interesting that their new VP held a drilling management position working with well completions in the utica with Chesepeake--what does that say about Cheseapeake?

Permalink Reply by Rob Rotz on February 25, 2013 at 11:03am

If this is true and not just some internet BS everybody that is stuck in an Oxford Lease should be very very happy...Like me.... Please let it be true....Please......

Permalink Reply by Rob Rotz on February 25, 2013 at 11:08am

Any Oxford employees out there that can confirm this information ??

Permalink Reply by Tom Tucker on March 4, 2013 at 1:13pm

Please elaborate why this would be good if Oxford has existing shallow Clinton wells our property.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on February 25, 2013 at 4:10pm

I'm shocked that Eclipse has enough cash to make a deal like this happen.  Maybe Magnum Hunter is paying for a % of it?

Permalink Reply by searcherone on February 25, 2013 at 4:44pm

Maybe Antero has a %..  Antero and Eclipse have some joint wells in Noble county I believe.

As I am typing this I remember hearing the Pres. of Magnum Hunter in his recent presentation to an investors group meeting in San Francisco stating something to the effect about being in discussions about purchasing three different companies.  I posted a previous link to the presentation under the discussion "Magnum Hunter".

Permalink Reply by searcherone on March 3, 2013 at 8:07am

JODI, have you heard some rumor?   Appears that David R. Hill, Inc.  has two injection wells and Magnum Hunter now owns two injection wells in Washington Co.    Could be that Magnum Hunter is interested in companies that also have injection wells.  Just a thought. 

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