Replies to This Discussion

Permalink Reply by Rickey L McLaughlin on April 6, 2016 at 12:33pm

That would be great if they resign! But I'm not holding my breath! But I just was told they want a one year lease for one thousand acre so I hope that's not there plan. Nobody in area will sign them! I already talked to few camp buddies and that's no go! They will sell out first but it would have to be good offer as it was few years ago! tys!

Permalink Reply by David Allen Lilly on March 31, 2016 at 3:53am

Mr. McLaughlin,

The word is fairly common that Eclipse is attempting do renewal payments one year at a time, which in every way is to their advantage.

I doubt they are as generous with their efforts towards royalty owners, but maybe they are.

I wonder as to the legitimacy of the back deductions they are taking from current royalties.

Permalink Reply by Bobbie Farmer on April 5, 2016 at 5:46am

Are they done fracking at the Purple Hays well all the trucks are gone off the fritz well...?.

Permalink Reply by David Allen Lilly on April 5, 2016 at 11:06am

Bobbie, I think it was just yesterday that I saw the tankers hauling sand go by the house. I haven't heard the noise from out there today though. I hope they are done, the sooner the better for us.

Permalink Reply by evan on April 5, 2016 at 12:20pm

They finished fracking yesterday. Finally

Permalink Reply by Laura on April 5, 2016 at 2:01pm

What's next in the process?

Permalink Reply by David Allen Lilly on April 6, 2016 at 3:14am

Laura,

I believe they will leave it sit for a while before coming in to do the flowback portion and set up the pad. But remember, this is an experimental situation, I don't know how for they will stray from the protocol we have seen previously.

Permalink Reply by John on April 11, 2016 at 3:16am

Here are some answers I received to questions regarding the Purple Hayes well.

Scheduled to start production on May 10,2016

Division orders are usually sent out 20-30 days prior to production date.

First royalty checks will be mailed approximately 90 days after first production.

Permalink Reply by Rickey L McLaughlin on April 6, 2016 at 12:35pm

don't know on the second part taking back on current royalties! Their isn't enough acreage in my area signed! Actually some have sold out to mineral buyers! for decent monies! 

Permalink Reply by David Allen Lilly on April 7, 2016 at 2:15am

Mr. McLaughlin, there is no such thing as being "sold out to mineral buyers! for decent monies".

Ever.

If you sold your minerals you did not get more than 20% of what your lease would have paid out over its lifetime. You most likely were far closer to 10% of expected lifetime payout.

Especially if you sell now, you are selling low and the buyers will laugh all the way to the summer condo on the beach that they bought with your monies.

Permalink Reply by David Allen Lilly on April 7, 2016 at 2:18am

I have noticed very little noise coming from the McClain over the last two days although there is still some sort of rig down there and I did hear them banging something large and metal yesterday evening.

The traffic has been considerably less as well. Thank God.

Has anyone heard about a unit Eclipse applied a permit for, a large unit to the east of the McClain with access off of Putney, one which will go northwest and southeast ?

I was told by Eclipse of it back in December, that it was applied for, but I haven't heard anything since.

Permalink Reply by sherry on April 11, 2016 at 7:03am

Did everyone else in the purple Hayes unit receive a letter in the mail from eclipse about a meeting they are having may 2 at pine lakes lodge? Just received ours today.

It's a invitation to meet with their representatives, and afterwards tour the well.

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