Activity in Millwood Township (Guernsey)

Information about drilling activity, pipelines, etc. in Millwood Township.

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Replies to This Discussion

Permalink Reply by KT on July 31, 2016 at 7:14am
So you are saying about $660 per acre per month.
Two questions: Is that after deductions? And What is the Royalty percent?
Permalink Reply by Laura on July 31, 2016 at 8:40am
The lease is 18.75 % and yes after deductions. I don't know exactly what is deducted. June check will be a full month so be interesting to see the difference
Permalink Reply by bo boboski on July 31, 2016 at 10:29pm

My bad, I thought you meant $22. per month,not "day". Didn't know that was a partial month either, so yea, congrats.That well is so long that it should be producing what 3 normal wells do, At 18.75% lease and Eclipse's deductions, you probably are only getting 12% Someone with a 20%/no deduction lease will be REALLY happy! If there is such a thing anymore,loBut Hey, we all really appreciate you telling us what your getting from royalties. It gives us an idea what to expect off other wells in the area, if any of us gets so lucky .

Permalink Reply by Jeffrey Stoll on August 1, 2016 at 4:15am

I just looked at my royalty check from this month more closely and realized I also was paid for Purple Hayes.  We have .1 acres(point 1) in the PH.  Check was for  $48.78, which would be 487.80 for 1 acre for the month.  We are at 12.5% with no deductions.

Permalink Reply by Laura on August 1, 2016 at 5:27am
how often do they send checks?
Permalink Reply by Jeffrey Stoll on August 1, 2016 at 6:47am

The checks come monthly.  They are set to come on the 1st of the month but Eclipse usually gets them out 3-5 days before that.

Permalink Reply by Laura on August 2, 2016 at 2:23pm
I was wondering how PH compared to your other royalties?
Permalink Reply by Jeffrey Stoll on August 3, 2016 at 3:00am

Hard to determine apples to apples because they had 1 of the 3 wells shut down for a while, and then choked more than the others.  I believe that well and maybe the others are not being fully produced( Fritz).  I also don't know if the PH was going full blast, how many days it was in production, etc.  But to answer your question, this month is was about $400/acre from Fritz, about 20% less than PH.

Permalink Reply by sherry on August 4, 2016 at 12:42pm

We got one also. I think if I am looking right, that the check was only for  13 days?  If I remember right the purple hayes came online 5-3? and it's showing the dates of it being sold 5-16?  I am not sure, but that's  how I read it. Stupid question for anyone that know, do we get taxed on the amount  before deductions? or after? 

Permalink Reply by John on August 5, 2016 at 12:24am

The 5/16 is month and year.

Permalink Reply by Laura on October 2, 2016 at 7:04am
Purple Hayes checks down a good bit. Anyone know why?
Permalink Reply by bo boboski on August 1, 2016 at 8:09am

Thanks for the info!

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