I haven't heard anything from Eclipse/Montage. But I signed a 5 year lease with half due at signing at the other half due at the end of the first year. So I received my second payment in Febrary, 2018 and I am leased until 2/2022. Hope they pay you. I did hear that a guy on this site on Jack's Run Rd. (which is just south of us in Noble county) was signed to a new lease. I think it was Eclipse.
Good to hear this. Eclipse has until the end of February to pay us the second bonus so I am anticipating that they will wait until the last moment. We had signed our lease in March, 2017. Glad to hear they are keeping their commitment though. If you hear anything about them moving into our area please let me know. I am anxious to hear what the numbers are for the well they just drilled on the NE edge of Quaker City. That is getting pretty close.
My name is Becky Clutter. I am a board member with National Association of Royalty Owners (NARO) Appalachia Chapter. The terms of your lease would determine if Eclipse had to notify you of the lease flip to Antero. If you leased with SEOLA, likely that was a condition in your lease. If you have trouble getting answers from Antero, let me know and I can help facilitate that communication for you. Regarding the notification, usually the operators make notification when the wells have been completed and brought on line. They will send out a division order which you will be asked to sign. NARO encourages the use of the NADOA form in place of an operator document. You want to be careful not to have anything in that form change or alter any of the terms of your lease. You also want to make sure that your decimal interest was calculated correctly. Your decimal interest is the number they will use to pay you. If that number is wrong, so too will your royalty checks be wrong.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]