http://blogs.wsj.com/deals/2012/09/11/chesapeake-to-sell-texas-acre...
Emerging oil and gas producer Energy & Exploration Partners Inc. said it has agreed to buy oil and gas acreage in Texas from Chesapeake Energy Corp CHK -1.04%. for $125 million.
In a registration statement filed Monday with the Securities and Exchange Commission, the Fort Worth, Texas-based company said it signed a deal with Chesapeake to acquire 57,275 net acres in the Eaglebine formation in Texas. The agreement, signed Monday, is expected to close in the fourth quarter of 2012, the company said.
The plot thickens- anyone got a mole that can figure out where this property is and if it substantially all of CHK's holdings?
Tags: buda, dexter, eagle, eaglebine, ford, georgetown, woodbine
Corporate Officers
Pettit. Brian Hunt
Nelson, Brian C
Patty, David L
McNutt, Tom D
Daches, Joseph C
Van Ingen, Lawrence B
I looked at that. Did anything ring a bell for you?
David Patty and Tom McNutt seem familiar, but I haven't placed them. There is also a list of directors that I haven't had time to go through.
The company announced its IPO 2 days ago, at $275 Million - The CHK transaction would eat up about about half after the proceeds left after underwriting. That would give about $125 million, which should get 15-25 wells.
Dbob,
Still much frustration trying to post ----- CHK leased about 15,000 acres in their own name in the Austonio area and did some drilling and leasing in Madison and Leon Co. ----- Who knows what they might have with partners and or "Shadow Companies" .
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
34 members
386 members
27 members
455 members
440 members
400 members
244 members
149 members
358 members
63 members
© 2024 Created by Keith Mauck (Site Publisher). Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com