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Permalink Reply by kittycatmama on August 16, 2008 at 11:04

I have heard from people in oil and gas that PH & Ches. corporations could merge.

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Permalink Reply by kittycatmama on August 16, 2008 at 11:09

Jim, if a person purchases land with a title check AND a mineral title check (which was paid for separately), is the person who did the check responsible IF the purchaser ends up not having minerals? If title insurance for just the sales price was purchased, can it cover the loss of bonus money for minerals which is valued a lot more than the raw land?

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Permalink Reply by Trenna on August 16, 2008 at 15:56

There has been rumors of Chesapeake buying Petrohawk for months. Chesapeake has a lot of debt as it is. I am not sure how they would raise the money to buy Petrohawk. I had heard rumors of Chesapeake being bought out by a big integrated oil company. Its all just speculation as of now. Neither company has announced anything.

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Permalink Reply by ETOilman on August 16, 2008 at 16:02

I have not heard anything about this. I would suspect that Petrohawk would be a better candidate for one of the other big boys. Shell, BP...someone like that. Pure speculation on my part.

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Permalink Reply by P.G. on August 16, 2008 at 16:07

http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Da...

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Permalink Reply by kittycatmama on August 16, 2008 at 19:49

I am aware of the lg. infusion of cash into Chesapeake. That might put them in a position to buy PH. If not, it still puts them in a position to be the major player in Haynesville.

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Permalink Reply by po boy on August 16, 2008 at 20:03

I heard the rumor that CHK was positioning to move on Petrohawk, but I do not think it likely. CHK will likely trade some leases but Petrohawk is probably of more value to Chk as a customer, as they all but control the pipe market, as I understand it.
It is also CHK is pumpimg up their peceived value to invite a merger with ,say EXXON.

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