landowner

Rumor about CHK announcing important new find Q1 2011

Anyone have a clue what the new find is going to be?

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landownerPermalink Reply by North LA on December 13, 2010 at 12:02

It's from a guy who usually doesn't spread rumors. He just heard they were going to release some information about a "major new discovery". I was wondering if anyone knew any specifics.


landownerPermalink Reply by Robby Patterson on December 13, 2010 at 11:29

It may be the Woodford Shale in the Texas Panhandle, western Oklahoma, and western Kansas. CHK is just getting involved but EOG, Conoco Phillips, etc. have been there for several months.


landownerPermalink Reply by North LA on December 13, 2010 at 12:04

They already claim the Woodford.


landownerPermalink Reply by Robby Patterson on December 13, 2010 at 13:35

That's interesting.  Thanks for the information.  Do you know where they have made wells in the Woodford.  I know they just brought a new crew into the area I referenced.  Some people also call this the Cana-Woodford so we may be talking about two different plays.


landownerPermalink Reply by Robby Patterson on December 17, 2010 at 5:23

North LA,  I believe Chesapeake sold their Woodford position to BP in 2008 for $1.75 Billion.  However, they have gotten into this play in western Kansas, western Oklahoma and the Texas Panhandle and have driven average bonus prices from the $150 p/a range to $400 p/a range over a few weeks in western Kansas and western Oklahoma.  These are mostly 640 acre leases.  Very few restrictions on most of the leases, but most landowners want each section on a separate lease.


landownerPermalink Reply by North LA on December 17, 2010 at 6:02

Thanks for the information Robby

Permalink Reply by olddog573 on December 13, 2010 at 11:50
Massive Oil in southern desoto right smack dab in the middle of my property. Yahooooooo weeeeeeeeeee!

landownerPermalink Reply by ALongview on December 13, 2010 at 12:03

I guarantee one thing.....it isn't dry gas!

Permalink Reply by Scott on December 13, 2010 at 13:24
Where is that play located?

Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on December 13, 2010 at 14:43

It's an oil shale play located in Colorado, Nebraska and Wyoming.


landownerPermalink Reply by North LA on December 13, 2010 at 15:02

You're right. It could just be some well results from the niobrara but this guy made it sound like it was something that CHK hasn't talked about before and the niobrara play is already listed in their investor presentations.  It could be nothing but I was hoping it was something in this area and something big.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on December 13, 2010 at 15:16

I know that Chesapeake has been mentioned in our Brown Dense discussions but since Bill M. revealed that it is not a resource play, I don't think it would make for a Big announcement. 

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