McClendon Buys 75,000 acres in Monroe Co, Ohio; Tyler & Wetzel Cos WV Plus 3 other WV counties

Here is link to one article that gives the basic facts,  There are a number of articles on the internet in the last few hours.    Seller is East Resources and a private company. Anyone know the location of the acreage in Monroe County?    Anyone have a lease with East or lease sold to them in any of the six counties?

http://www.statejournal.com/story/25730138/american-energy-partners...

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Permalink Reply by jason irvine on June 9, 2014 at 7:49pm
Don't have info but love the price per acreage average paid $23,333.
Permalink Reply by Jim White on June 11, 2014 at 11:56am

Jason

How are you getting your numbers? I am coming up with something different and I am probably wrong. Also, does the price AE paid per acre really effect the offers given to the individual leasor by other companies for unleased lands? Could someone explain that. I understand that if a company offers larger offers directly to the leasor then other companies may have to up their offers, but I don't understand in the case of one o and g company buying the leases from another company, how this would effect offers to us since the one company is also buying existing well and production.

Permalink Reply by Tom L A. on June 9, 2014 at 8:19pm

thats HG

Permalink Reply by Tim Tarr on June 9, 2014 at 8:20pm

East Resources???

RDS (Royal Dutch Shell) Bought East back in 2011. SWEPI is new subsidiary of RDS. 

I sure hope this is true. Makes that SW Pa corner worth bigger bucks.

Permalink Reply by Tom L A. on June 9, 2014 at 8:28pm

Its listed as East Resources, but it is HG.  This includes all of the Whitacre acreage

Permalink Reply by JK on June 9, 2014 at 8:33pm

I hope Monongalia County is on the list..

Permalink Reply by Tim Tarr on June 9, 2014 at 8:41pm

http://www.americanenergypartners.com/Home/News

Wow here's the official press release. Things just keep getting better bigger and better.

Wonder if they'll buy just our utica for 15k. Now I see why those offers are now coming twice a week.

Permalink Reply by searcherone on June 9, 2014 at 10:53pm

Here is HG Energy website describing that they purchased WV assets of East Resources Inc  in 2011.  All of HGs management were former East Resources employees.

IMHO opinion the reason for seeing East Resources Inc listed as a seller is that they retained some ownership or override in HG.

http://hgenergyllc.com/about-us

Permalink Reply by Tom L A. on June 9, 2014 at 11:54pm

That's correct.  Great group of management that knows how to build a company and sell...word is East is leasing in Potter Co. PA.

3ipasz1dmgwumPermalink Reply by 3ipasz1dmgwum on June 10, 2014 at 7:44am

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Permalink Reply by Appalachian on June 10, 2014 at 9:42am

^^^WTH is this?  MarcellusMatch.com?  lol

Permalink Reply by JK on June 10, 2014 at 9:47am

GET the H#ll OFF here JENNY!

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