Replies to This Discussion

Permalink Reply by Frank Walker on August 4, 2012 at 12:23pm

Make it a triple!  CHK is a criminal enterprise masquerading as an O&G company.  When they come knockin' at your door or fool you into attending one of their "meetings", be prepared to be fleeced big time!  But they're smooth as silk so you'll not even know early on that you're being raped.

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Permalink Reply by Bluflame on June 5, 2012 at 8:37am

JR,

  Actually, it was announced as the best shale well ever, which must now make the Buell well in Harrison County second best. Even if true, CHK should have anticipated skepticism on the part of anyone even vaguely familiar with their recent history. The announcement timing smacked of desperation. 

  In my opinion, all of the leased property they've maintained is not part of the Total JV. I take them at their word (reluctantly) that they retained the prospects in the "sweet spot" where they have the most contiguous acreage. Probably will still be wheeling and dealing with other O&G companies involving acreage within the retained portion.

BluFlame

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Permalink Reply by LGB131 on June 5, 2012 at 8:15am

What does this mean for those that have been holding out to sign leases for more money?

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Permalink Reply by Jim Litwinowicz on June 5, 2012 at 9:16am

I find it very interesting that are not selling the rights to the Trenton Black River or the Rose Run. Does this mean they are holding those until they can be proven productive? And do they believe there is value there?

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Permalink Reply by Jim Shoos on June 5, 2012 at 1:59pm

Maybe because they don't own those rights...

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Permalink Reply by Jim Litwinowicz on June 5, 2012 at 6:27pm

Most leases, especially older ones, don't have any depth restrictions and are considered "to the center of the earth." And a large percentage of their holdings are from older HBP wells they got from Enervest. Also, most landowners didn't get any depth severance in their leases. Therefore, they own to these strata in a very large percentage of their lease holdings.

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Permalink Reply by Marcus Grayson on June 5, 2012 at 11:38pm

Some of those leases that they bought were for the Utica/PP only.  The HBP operators that sold them could have reserved all other strata for themselves.

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Permalink Reply by Jim Litwinowicz on June 6, 2012 at 8:39am

Good point that I hadn't though of...thanks

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Permalink Reply by Ron XXXXXX on June 5, 2012 at 10:31am

from what I heard CHK is overleveraged right now so they need to sell off some things to raise some cash,

they are a little short on cash right now

there will be some restructuring with the company but next year at this time watch their stock take a huge jump

from near $17 now to way over $28 maybe $30 or even $50

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Permalink Reply by Spo de o de on June 5, 2012 at 10:40am

Just curious, but is anyone registered on the MEAGHER site and have you ordered the data package? And is there a fee associated with ordering the data package?

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Permalink Reply by Marcus Grayson on June 5, 2012 at 1:52pm

You need to pay for the service to see the whole package.  They assume that if you have hundreds of millions to buy these deals you can afford the fees, I suppose.

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Permalink Reply by Black Gold Junkie on June 5, 2012 at 5:27pm

Everybody on this discussion is anti CHK....Well ask yourselves where the hell you'd be without the vision, perserverance, and tenacity of Aubrey McClendon...thats what I thought. You'd all be sitting around bragging about the $100 per acre lease payment you got. You all need to go out and buy yourself a CLUE with that high dollar lease payment!

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