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Permalink Reply by Skip Peel - Mineral Consultant on November 20, 2015 at 3:28

CHK currently holds about 70 open well permits and is running six rigs in the LA portion of the Haynesville Shale Play.

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Permalink Reply by john goodday on November 20, 2015 at 4:25

For CHK to be ramping up in the Haynesville with Dec. 15 Nat Gas futures at $2.18 -

No wonder CHK's stock price is $5.21 and falling like a piano !

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Permalink Reply by Skip Peel - Mineral Consultant on November 20, 2015 at 4:25

Debt service requires cash flow.  Aubrey's legacy to CHK stockholders.

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Permalink Reply by kittycatmama on November 20, 2015 at 5:11

That is exactly what I thought Skip. They cannot stop drilling. Looks like 2016 will be an active one for CHK. I keep thinking & HOPING that someone like GeoSouthern will step up & buy the CHK leases in Haynesville--especially those contiguous to their EnCana acreage. I should ad the most of CHK proposals for drilling are in Holly Field & just WEST of Holly Field in Bethany Longstreet. Since we have small leases in both of those areas, we get all the letters from CHK attorneys notifying us of hearings

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Permalink Reply by tc on November 20, 2015 at 6:05

CHK bonds plunged over 10% yesterday and some of the bonds are trading under 50 cents.  If will be interesting to see who ultimately collects the revenue from these wells.  I would bet that it won't be the landowners currently suing CHK for past royalties. 

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Permalink Reply by kittycatmama on November 20, 2015 at 6:24

Let's just hope someone  buys part of their assets.  Looking at markets there is insider stock buying & that is good. Carl Ichann stepped up his CHK bond buying in July. I think CHK is still viable IF it gets a strong co purchaser. They have a lot of good leases in strong areas in Texas & Louisiana. Those assets are long term & right investor will see that

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