Replies to This Discussion

Permalink Reply by frank ellis on June 14, 2012 at 12:20pm

Thanks Donna, it was a real team effort. I was in the group you are talking about for a few months until we formed the Riverfront Landowners Group. We were very fortunate to get hooked up with SEOLA. I know I sound like an informercial but Jennifer and her team brought in 40 million dollars to these two townships. I'm proud of that but it was their hard work and connections that got the deal done at the end of the day.

Permalink Reply by frank ellis on June 14, 2012 at 7:09pm

SGJ,
Thanks. I have heard that Eclipse wants to drill this on their own. That being said Oil and Gas companies like to spread the risk so JV's are common in the business.

Permalink Reply by 09bp5t05myjl3 on June 15, 2012 at 10:12am

Frank Congrats , Really great to see the landowners get their checks, especially as it shows Des is full of it again, he said at his last meeting that eclipse would never payout & then even posted that in his rant! LOL

Also nice to see the JV with Antero, at least I assume since I heard the checks are from Antero hope that bodes well for those us more in central Monroe,

can I ask how many total acres you signed in the river group? just my curiousity

Permalink Reply by frank ellis on June 15, 2012 at 2:12pm

Thanks Tom. It was somewhere in the neighborhood of 10k.

Permalink Reply by frank ellis on June 17, 2012 at 6:47am

SGJ,
You'll have to ask the commissioners that one.

Permalink Reply by frank ellis on June 17, 2012 at 1:29pm

Eclipse was chosen to be an EnCap company. That should tell you something. They have the experience and organizational capabilities to finish what they start.
Happy Fathers Day to whom it applies here on GMS.

Permalink Reply by dad1236 on July 26, 2012 at 10:35am

FYI.  My wife and I received a check June 20th.  

Permalink Reply by dad1236 on July 26, 2012 at 11:10am

To the best of my knowledge but we are "absentee owners" and reside hours away.  We were extremely fortunate and blessed to be part of this group.  

Permalink Reply by frank ellis on July 26, 2012 at 5:10pm

Tom good deal!!!
Donna,
People who signed up on March 17th have gotten paid IF there weren't any defects on their property. Some people who signed after that haven't gotten paid because their land hasn't been abstracted or the 90 days are not up. On my property it took longer than 90 days because I had a defect on 24 acres that I couldn't clear up. So in the end it was about 95 days.
I guess if I were to give anyone advice, it would be to sign up early in a good solid group and keep yourself informed about the minerals on your own property. I know that I'm going to get clobbered for saying this but the Jennifer Garrison, Bricker and Eckler team were the best. With that being said the Perry/Benton group is building acreage and looks good. Now is the time to join this group if you have acreage in these townships.