CHESAPEAKE MONSTERS

INTERESTING TO SEE PETROHAWK RELEASE THEIR NUMBERS SO QUICKLY ON ELM GROVE #63. IT WAS COMPLETED LESS THAN A MONTH AGO. MEANWHILE CHESAPEAKE IS PAYING FINES TO NOT REVEAL THEIR NUMBERS. THEY ARE KEEPING THERE NUMBERS CLOSE; WHILE SELLING OTHER NG PLAYS TO GET ALL THE ACREAGE THEY CAN HERE. THEY ARE THE BIGGEST, FOR A REASON; EVERYONE SHOULD JUST WAIT UNTIL THEY ARE APPROACHED TO LEASE. THATS WHEN YOU KNOW THEY REALLY WANT IT. NO ONE CAN MAKE YOU SIGN, JUST WAIT 'TIL YOU GET THE DEAL YOU WANT.

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Permalink Reply by Rick on July 22, 2008 at 13:01
TRUE, IF THESE NUMBERS CONTINUE I WOULDN'T BE SURPRISED IF MORE GORILLAS DO LIKE BP & SHELL AND PICK UP THERE STAKE IN INLAND SHALE PLAYS. THEN YOU MIGHT SEE A BP/CHK PARTNERSHIP, AS THEY ALREADY HAVE A RELATIONSHIP IN OKLAHOMA.
Permalink Reply by Jaybird on July 22, 2008 at 13:16
I'll be willing to talk to Exxonmobile! My phone rings for all of the O&G companies. I might even answer the darn thing! LOL

Oil & Gas ProPermalink Reply by Les Bamburg on July 22, 2008 at 16:02
Jaybird, minor correction - ExxonMobil. Common mistake.
Permalink Reply by Jaybird on July 22, 2008 at 16:16
I stand corrected!
Permalink Reply by SoBoRes on July 22, 2008 at 17:23
I've read that Shell is backing EnCana in this play. My hope is with this backing EnCana will have deeper pockets and be able to get more wells up quicker, especially considering their leasing in rural South Bossier. They are talking about having two wells started by September (one in our section and one in the section to the east of us).
Permalink Reply by drillbit on July 22, 2008 at 14:40
Anyone listen to the XTO earnings call this morning? I think they really played down the potential of Haynesville Shale during the questions portion of the call. I also think they questioned the credibility of one or more of the key players in the shale. Listen to the call, its very interesting...http://biz.yahoo.com/cc/6/95076.html. Ironically, they apparently have a play in the HS...and, oh by the way, they announced a public offering later today. Go Figure their motives.

Oil & Gas ProPermalink Reply by Two Dogs, Pirate on July 22, 2008 at 15:11
I hear that Total is running title in Rapides Parish. "Go World Players". Define the shale. How far South does it run?

landownerPermalink Reply by JW on July 22, 2008 at 16:11
When you say Total is running title, are you saying that Total is a company and they are researching land titles? Excuse my lack of vocabulary but would appreciate some clarification. I assume that this is O&G lingo.

Oil & Gas ProPermalink Reply by Two Dogs, Pirate on July 23, 2008 at 5:13
Total Petro Fina SA, French company.
Permalink Reply by Rick on July 22, 2008 at 17:02
YOU ARE CORRECT MrC, CHK IS THE SHALE SLUGGER AT THIS TIME, AND DOESN'T LOOK TO GIVE UP THE TITLE EASILY.
Permalink Reply by Cillian on July 22, 2008 at 19:10
I heard GMX is overtaking CHK in acreage. Quietly.
Permalink Reply by Ladyoaks on July 22, 2008 at 20:48
Total is a European O&G player. Their entry into the HS would be a pretty remarkable step I think.

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