CHESAPEAKE APPLIES TO TAKE OVER HA UNITS FROM XTO

CHK has applied to the Commissioner to replace XTO as Operator in HA RA SU77 (S17-9N-13W), HA RA SU83 (S15-9N-13W) and HA RA SU84 (S22-9N-13W), Converse Field, Sabine Parish.  Link to application follows:

http://ucmwww.dnr.state.la.us/ucmsearch_070611/UCMRedir.aspx?url=ht...

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Permalink Reply by JHH on March 11, 2013 at 15:10

Hopefully this won't spread to East Texas.  We thought Chesapeake left long ago!

Permalink Reply by Skip Peel - Mineral Consultant on March 11, 2013 at 15:15

I suspect that CHK has a significant working interest in these units.  If I were a lessor in those units I would want the wells completed and turned to sales so I could receive royalty payments.  I posted the discussion hoping to hear some details on why XTO is reluctant to operate.  From CHK's interest to operate it would seem there is nothing wrong from a geological stand point.

Permalink Reply by JHH on March 12, 2013 at 1:07

I'm just being ornery :)

jhh

Permalink Reply by Skip Peel - Mineral Consultant on March 12, 2013 at 1:31

Yes, you are.  LOL!

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