As far as I know, Everflow only produces shallow horizons like the Clinton. I very seriously doubt if it is any sort of "hold for production maneuver" like you sarcastically implied. Clinton wells are what they do for a living - for the last 30 years or so. There are plenty of small independents operating in Ohio producing from the Clinton and other non-Marcellus/Utica Shale formations . Only the big dogs have the money or the equipment to go after the Utica and Marcellus Shale. My brother just leased (in 2011) his shallow rights to a local producer who plans to drill there inside of a year and is now negotiating with CHK on the deep horizons.
Does this mean that they would label the NG when it arrives at market ,"made in China" as so much already has that label?
a question to ponder...if the other countries own our mineral rights of the country of the USA in sooooo many leases (and it is getting to be that way)....does this mean that they will want to establish air and naval bases in our country also? If you think about it...the USA went over to their countries and established bases (if they could) and then manufacturing plants and many in the USA have bought up mineral rights and lands, etc. in other countries.
I am not sure that the sale of mineral rights to non-citizens of the USA and to those in other countries in a big business way is a well thought out plan of our USA industy as to the longterm effects of sales such as those...especially when it involves our farm/bread basket lands in America. Are there enough 'protective clauses' in such as more and more non-citizens of the USA hold claim/lease to our resources here in America. ( This monopoly game of selling park place and boardwalk to those who do not even live on the board could get costly in rent if there isn't some control provisions to keep America America.)
I am concerned about the passing on of the 'assignability' without some check and balance in the clauses to protect the landowner.
I know that these big purchases such as from China are done with many leases in the bundle but it still goes down to each individual lease as to how it is handled. Our American companies should be concerned and not only about the money they are making. What if the Arabs start controlling our resources via lease hold...how have we left our dependance on their foreign oil if these big oil companies are not making sure how these 'assigns' are handled?
Honestly, I do not think we have to worry about China and its investment into "Utica Crude." There was similar concern when Japan in the 80's bought the Rockerfeller Center in New York, it is still there and last I heard it does not say made in Japan. Also, I remember Japan also invested into Pebble beach and lost there ass. For decades now, the Global economy evolved wherein many contries buy into each other when the business move seemed right. Russia has been a big investor, right here in Youngstown, the French pumped in $650 million for this new O&G pipe mill. This is how the global economy works; lastly, China has been a significant investor into shale gas plays in the US and so has Dutch Shell, India and Australia.