"Make sure you understand that what you signed is NOT a sale of the gas rights. It is a LEASE of the gas.
For instance, if Chesapeake does nothing on your land during the 5 years of the lease, and then does NOT pay you again to keep the lease going,…"
"I believe the minerals covered in the lease only pertain to oil and natural gas: " the sale of all oil, condensate and liquid hydrocarbons."
Also, I think as long as they are actively persuing or getting any of these mineral from the…"
"If you signed the Wyoming County landowner's Lease, it states below that the Lessee (Chesapeake) has the option to add an additional 5 years. If they do, they must pay you, the Lessor, the original $5,750/acre bonus again:
(b) Lessee is hereby…"
I'll try to be short on this- 1) if a lease was signed, 5 year with option, and mineral rights were forfeited to Chesapeake, does that give them rights forever? Or only until lease expires in 4 more years? 2) Any idea when Chesapeake is planning to start in Wyoming Co.?
"Not sure, was told by a friend that there is equipment there somewhere around German Hill Road. He lives out of town, has no computer. I am helping him get info about what is going on in the area, as he is busy and can't make it to the area…"
I have heard there is a large amount of equipment near German Hill Road. Does anyone know what plans Chesapeake has in that area? I was told the equipment has been there for a few months. It seems odd they would just let it all sit there. Thanks for any info about that area, I have friends with leases there, with Chesapeake.
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]