Replies to This Discussion

Permalink Reply by Bobi Carr ("parker") on October 15, 2008 at 5:37

Thanks

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Permalink Reply by Bobi Carr ("parker") on October 15, 2008 at 6:27

The main thing that caught my eye was on Page 3.

CHK has a block of acreage in Southern Caddo and Bossier Parishes.
Several key wells indicated a potential resource play, including a well
drilled and cored in Sligo Field in 2005.

They show the logs of several wells, but not the one from the Sligo Field. I am wondering if they mention it because they have lots of HBP acreage or if it
has a really good log.

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Permalink Reply by Bobi Carr ("parker") on October 15, 2008 at 7:42

I also found page 9 VERY interesting. Look at all of the Haynesville debths drilled in North Bossier. It sure looks like they are trying to find the edge in that direction.

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Permalink Reply by SAM Cd2 on October 15, 2008 at 8:43

Parker,

The Muslow 22 H-1 is the well that is just across the section line from my property. Hoping that this is great news for my section as well.

SAM

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Permalink Reply by Bobi Carr ("parker") on October 15, 2008 at 8:47

Sam,

If nothing else Chesapeake has given us something better to ponder than politics and the economy.

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Permalink Reply by SAM Cd2 on October 15, 2008 at 8:48

Sure lifts my spirits some.

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Permalink Reply by Checkmateking on October 15, 2008 at 10:17

Yeah, I would like to see lease bonuses if gas racks back up to 13 bucks

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Permalink Reply by Carter on October 15, 2008 at 9:03

Aubrey: "The days of 20K leases are gone forever..."

But you still don't hear me, though.

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Permalink Reply by Bobi Carr ("parker") on October 15, 2008 at 9:11

Carter,

I think if the heyday of bonuses are gone, once production has increased, people are going to demand a larger % of royalties. Once the flood gates are open its pretty hard to get them shut, don't you think?

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Permalink Reply by Skip Peel - Mineral Consultant on October 15, 2008 at 12:56

KB, even your taste in music is spot on. Eric Johnson's performance at the James Burton Guitar fest a few years ago was awesome. I'd never heard of him before then.

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Permalink Reply by ez on October 15, 2008 at 11:30

i think people forget that cheasapeak is not the only gas company in the world. there are others.

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Permalink Reply by HBP on October 15, 2008 at 12:27

Why would two companies "pretend" to compete and drive their price up? HK and CHK competed in many areas. HK and Encana competed in many areas. CHK and Encana competed in many areas. That is how the bonus got so inflated WITHOUT actual production numbers over a PROVEN field.

HK beat out CHK all over Elm Grove and South Bossier only to have to pay 20k and up for a leased acre. Vice versa in other areas. If not for that competition, Either company would have bought at different prices.

There is no pretending on the competition we saw this summer. You don't have to believe me, you just have to be logical, nobody pretends to compete just so they can end up at higher price.

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