MICHAEL LOFLAND
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MICHAEL LOFLAND's Discussions

Eclipse and unit size question

Started this discussion. Last reply by Jeffrey Beunier Jul 2. 15 Replies

We have been notified by Holland Services that Eclipse wants to increase the size of unit from 640 to 1280 acres. Will this have any negative output with a size increase ? They have sent an amendment…Continue

Update on Scare tactics or truth

Started this discussion. Last reply by 0i7okn54zwbdo Nov 7, 2013. 7 Replies

We found an attorney in Cambridge 2 weeks ago and he was in discussion with oxford/eclipse, who had been offering 12.5% gross and 1000.00 per acre per year. Was informed last week that that offer is…Continue

Scare tactics or fact? Is Eclipse right?

Started this discussion. Last reply by Gusher Mar 12, 2014. 65 Replies

Just received a second call from eclipse. The first call 2 months ago was to notify me that eclipse would be calling me with a new proposal on my existing lease with Oxford/Eclipse. Here is the…Continue

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Latest Activity

MICHAEL LOFLAND replied to Philip Brutz's discussion 'Activity in Millwood Township (Guernsey)' in the group Guernsey County, OH
"Thanks Bo, will do."
Dec 4
MICHAEL LOFLAND and sylvia are now friends
Dec 3
MICHAEL LOFLAND replied to Philip Brutz's discussion 'Activity in Millwood Township (Guernsey)' in the group Guernsey County, OH
"Hey Scott, my property borders Mill south out of salesville,  up to and past Sycamore. Harvester lane is the road leading into the property. In 2009, I didn't do my due diligence and signed a 10 year oxford lease @10/acre, thinking it…"
Dec 3
MICHAEL LOFLAND replied to Philip Brutz's discussion 'Activity in Millwood Township (Guernsey)' in the group Guernsey County, OH
"Eclipse sent me an addendum to raise acreage for pooling from 640 to1280 acres in the spring. My lease is up in march and so far, they've raised my new lease offer from their original of 500 per acre to 950 and 15% yearly. I have 156 acres that…"
Dec 2
MICHAEL LOFLAND updated their profile
Oct 19
MICHAEL LOFLAND promoted william george allison's discussion amended dpu
Oct 19
Jeffrey Beunier replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"Dott yes that is typically the case, and hence my point.  Increased unit size isn't necessarily a negative, it comes down to how many lateral feet are going to be in the unit.  Furthermore, operators are pushing for longer laterals…"
Jul 2
David Allen Lilly replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"The guy we hired for all things oil and gas: http://www.bricker.com/people/aaron-bruggeman I would sign nothing in this day and age without counsel."
Jun 28
LewPa replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"Dott, In my case, they wanted a unit size increase to HBP more of their current leases that were about to expire. Saved them millions!!"
Jun 28
Dott replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"Jeffery, I can see your apples to apples comparison but I think the reason that the O&G companies want a unit size increase is so that they can drill multiple wells and almost double the length of the 10,000 foot lateral.  That is the plan…"
Jun 28
Jeffrey Beunier replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"not sure if that's going to show correctly..PM me or email me and I can send it to you  jb@frontrange-ep.com"
Jun 28
Jeffrey Beunier replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"a good way to compare apples to apples is to look at the number of lateral feet per unit acre - If you have two 10,000 foot wells in a 550 acres unit, then you have 20,000 lateral feet in the unit or ~ 36 lateral feet per unit acre.  If…"
Jun 28
Jeffrey Beunier replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"Ray...your 20% gross royalty most likely applies to your acreage - when pooled or unitized your royalty share of the unit is based on the number of acres you own divided by the number of acres in the unit multiplied by your royalty rate.  So…"
Jun 28
RAYMOND McELROY replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"YOU MIGHT WANT TO READ YOUR LEASE VERY CAREFULLY AND SEE IF AN ASSIGNMENT DIMINISHES THE ROYALTY PERCENTAGE THAT YOU WILL RECEIVE.. THE LEASE MAY EVEN SAY YOU CANNOT DENY THE LESSEE FROM ASSIGNING ANY PART OF THE LEASE..  MY LEASE ALLOWED THE…"
Jun 16
A discussion started by MICHAEL LOFLAND was featured

Eclipse and unit size question

We have been notified by Holland Services that Eclipse wants to increase the size of unit from 640 to 1280 acres. Will this have any negative output with a size increase ? They have sent an amendment to our lease for signing. I'm not all that familiar with unitization, so I'm hoping someone could let me know if this is something that needs to be dealt with by an attorney or not. Any input is greatly apprciated.See More
Jun 12
Dott replied to MICHAEL LOFLAND's discussion 'Eclipse and unit size question'
"Michael, I agree with Bo. A different O&G company asked us to ratify our current 640 acre lease.  They wanted to increase  to 2400 so that they could drill longer laterals and more wells.  It is true about needing the extra…"
Jun 1

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What is your role?
Landowner
Website:
http://airmanmikey68@gmail.com
Which state(s) are you following?
West Virginia, Ohio, Oklahoma, Kansas
What shale plays do you follow?
Marcellus, Utica

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Those French Fuel Riots and the “Great Wall of Cuomo”

Posted by Thomas J Shepstone on December 3, 2018 at 10:33am 0 Comments

The French fuel riots demonstrate what can happen when ordinary people are denied the basic necessities of life by “let them eat cake” elitists with agendas.

The French Revolution is hardly a thing to be admired,…

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