Replies to This Discussion

Permalink Reply by Katie McCullin on January 27, 2012 at 6:36

Hi JJ! If you message me with your contact information, I can have someone look that up and give you a call.

 

Thanks!

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Permalink Reply by Roy on January 27, 2012 at 8:59

Chesapeake has just realized the gas market will not recover like they hoped. It is good news they are cutting back since they are known nation wide as the anti-christ of the industry. Maybe Aubery will pay bills and cut their debt.

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Permalink Reply by Jed Clampett Bn2 on January 27, 2012 at 14:18

Katie, I was wondering if you could find out about this well, HA RA SUM;WEYERHAEUSER1-16-10H.

Thanks in advance

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Permalink Reply by Katie McCullin on January 30, 2012 at 5:21

Hi Jed - try our CHK Contact Center first at 1-877-CHK-1GAS. They should be able to tell you the status of your well. If not, let me know, and I'll put you in touch with someone.

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Permalink Reply by Carlton Byron Matlock on January 27, 2012 at 15:33

So, does this mean the Chesapeake land man that said they were interested in taking over the remainder of an EOG lease is blowing smoke up something?

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Permalink Reply by dbob on January 27, 2012 at 15:59

Carlton, that may depend on where.  I know of another operator that has acquired certain leases from CHK - CHK retains an interest, but has farmed out drilling and development to another operator.  I suspect if EOG had acres near CHK's core that there might be a deal to be made.  

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Permalink Reply by Carlton Byron Matlock on January 28, 2012 at 11:39

This is about a 900 acre area at the spot where Shelby, San Augustine and Sabine counties come together.  We have had seismic crews all over the land and there are drill sites on the north, and east of this plot and not too far on the west.  The guy has talked to a couple of us in the family and expressed their interest in drilling soon.  But if they are pulling out of the area that makes me suspicious of their intentions.

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Permalink Reply by robert minton on January 29, 2012 at 13:00

Not to panic! Assume that demand is at 100 units, and present production is at 110 units. In a short while(10-16) months, the production will decline to 30%-20% of the 110 units. New wells will have to be drilled to keep up with the 100 unit demand. A ratio of 1 to 1.5 new wells should approximate the support of demand.(But don't quote me). Therefore, if we don't go nuts drilling wells, we will always be drilling a few,  to keep up with demand. As newer uses for natural gas mature, the demand will go up. And newer, previously unknown  uses are maturing monthly. Thus, an  increase in the number of  wells drilled  will present itself. But, this will happen methodically, not instantly. Landmen, don't sign up for  a different job, yet.

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Permalink Reply by Katie McCullin on January 30, 2012 at 5:23

Hi Carlton - can you tell me the section-township-range of the area you're being approached about by a landman? Also, what brokerage company are they representing? I can help verify the individual, the company and perhaps offer some other insight.

 

Thanks!

Katie

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Permalink Reply by Spring Branch,mineral owner on January 30, 2012 at 5:59

It's Texas, Katie so it will be Surveys rather than Section, Township, & Range.

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Permalink Reply by Katie McCullin on January 30, 2012 at 6:13

Thank you, sir!

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Permalink Reply by Spring Branch,mineral owner on January 30, 2012 at 6:52

My pleasure, say hi to Sarie for me!

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