landowner

CHK's Offer To Acquire Additional Interest in Leased Properties

Did anyone receive a letter from Chesapeake with their royalty payments today stating Chesapeake is actively pursuing the acquisition of additional interests in their wells? I don't understand what the offer.

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Permalink Reply by Jake Stroud on January 4, 2013 at 4:25

If you will recall, CHK and the giant private equity fund KKR struck a $250 million partnership in mid 2012: 

http://online.wsj.com/article/SB10001424052970204276304577263852017...

Have a look at the fifth paragraph in the article.  Now you know who put up the money and that all CHK is doing is providing access to their ownership files and sending letters on behalf of KKR.  I would imagine that they will continue to send letters with every check and that they either have or will be sending letters to owners in other basins as well.

Permalink Reply by olddog573 on January 4, 2013 at 6:07

didn't kkr buy Samson


landownerPermalink Reply by adubu on January 4, 2013 at 7:16

OD 573--- Yes KKR purchased Samson for $7.2 Billion Nov 2011


landownerPermalink Reply by Krkyoldhag on January 8, 2013 at 3:10

Got the letter yesterday.  They offering to buy the active wells and leases ..thing is its strange  ..kind of reads like they want Cheasepeake leases and wells as well as any other active wells. 

They have really cut back on production and payments on the wells they hold on these leases..so what have they done?  shut the wells down so they don't produce income then come in and try to buy them cheap?

Going to call them one of these days and see what offers are.


landownerPermalink Reply by Lawrence Silver on January 17, 2013 at 5:37

I received one this week. If they want to buy the lease, they must believe they will make money on it, so it went into the trash.


landownerPermalink Reply by Donna Thornton on January 17, 2013 at 6:36

I just figured that CHK had paid me/us enough less on our gas than the other companies pay me/us that they had enough of a nest egg to purchase a larger percentage (or 100%) of my royalty.  Whatever the motive, it was file 13 material.


landownerPermalink Reply by Hopeful About Natural Gas on January 19, 2013 at 7:15

Has anyone actually gotten a real offer yet?  I'm just curious what range of prices they are offering for leases and wells.

Permalink Reply by Dale Slack on January 22, 2013 at 6:36

I have received one of these form letters each month for at least a year with the JIB from Chesapeake.  I have been tempted to see how much they would be willing to pay for the working interest but have not yet done so.


landownerPermalink Reply by gummipuppe on January 22, 2013 at 8:08

Of cours

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