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Permalink Reply by Skip Peel - Mineral Consultant on October 7, 2020 at 7:51

Yes, Chesapeake resuming drilling some months ago.  If you're curious as to the progression, you can go back through my posts in the weekly rig report on the Main Page.  Currently, as of last Friday, CHK directed rigs were on well pads in 27-14N-12W (Mahoney 27-14-12 #3-Alt) and in 19-15N-14W (Kelly 8&17-15-14).  The company currently holds 11 live, un-spud permits to drill an is running a two rig drilling program.

252418	HA RA SU77;MAIDEN29&32-15-15HC	001-ALT	01				C441	1464	18-AUG-20	020-15N-15W	09
252419	HA RA SU77;MAIDEN29&32-15-15HC	002-ALT	01				C441	1464	18-AUG-20	020-15N-15W	09
252420	HA RA SU77;FERNS 29&32-15-15HC	001-ALT	01				C441	1464	18-AUG-20	020-15N-15W	09
252421	HA RA SU77;FERNS 29&32-15-15HC	002-ALT	01				C441	1464	18-AUG-20	020-15N-15W	09
252422	HA RA SUF;NABORS 33-13-12 H	002-ALT	01				C441	7651	18-AUG-20	033-13N-12W	16
252423	HA RA SUF;NABORS 33-13-12 H	003-ALT	01				C441	7651	18-AUG-20	033-13N-12W	16
252426	HA RA SUK;BROWN 14&23-15-15 HC	001-ALT	01				C441	2360	19-AUG-20	014-15N-15W	09
252427	HA RA SUK;BROWN 14&23-15-15 HC	002-ALT	01				C441	2360	19-AUG-20	014-15N-15W	09
252437	HA RA SUK;CLH 14&11&2-15-15HC	001-ALT	01				C441	2360	25-AUG-20	014-15N-15W	09
252438	HA RA SUK;CLH 14&11&2-15-15HC	002-ALT	01				C441	2360	25-AUG-20	014-15N-15W	09
252454	HA RA SUY;SENTELL35&26-15-16HC	001-ALT	01				C441	1464	14-SEP-20	035-15N-16W	09

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Permalink Reply by Steve P on October 7, 2020 at 10:38

There is a hearing on Oct. 13 to consider the request to approve the 4 CULs designated in the letter.  That approval will almost assuredly be granted.  At some point after that, CHK will see drilling permits for one or more wells.  No way of knowing if those permits move to the end of the list provided by Skip, or somewhere higher on the list.

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Permalink Reply by Skip Peel - Mineral Consultant on October 7, 2020 at 11:03

It is relatively common for wells to be spud in a sequence other than that they are permitted in.  At this point the only take away from the permits posted is their term, either 6 months are 12.  That can be determined by clicking on the serial number in the SONRIS well file and opening the initial report which includes the permit, the plat and other forms.  I only reviewed the first and the last well permits on the list above and both were 12 month effective terms.  I suspect all those in between are also.  This tends to make me think that CHK will stick with a two rig development program for the foreseeable future.

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Permalink Reply by SL on November 11, 2020 at 8:48

I would think I would have seen on Sonris the permit for these wells.  Am I wrong on my assumption?  Thanks so much!

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Permalink Reply by Skip Peel - Mineral Consultant on November 11, 2020 at 9:13

You can search for permits several ways.  By date or dates and by operator are the most commonly used.  A permit shows up first in the permits by date but is usually quickly included in the wells for a specific operator.  Try a search by operator for Chesapeake.  That is where I got the cut-and-paste list of wells above.

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Permalink Reply by SL on November 11, 2020 at 15:14

Thank you. I will give that a try 

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Permalink Reply by SL on October 7, 2020 at 11:12

Well...fingers crossed! Lol

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Permalink Reply by Skip Peel - Mineral Consultant on October 7, 2020 at 11:13

At this point Keith needs to give us some emojis.  Especially one with fingers crossed.

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