"Thanks steve...I personally havent seen the lease. I was talking with my father (who has a lawyer for this) about what happens when the lease is up...he said if they want to renew it it will be renewed for the price that it was initially signed for…"
"Nick, with 110 acres it would be worth a lawyer looking over the terms of the lease regarding renewal if you aren't 100% clear on it. The gasco's are drilling aggressively so there's a good chance it will be automatic.…"
"While there is a possibility that your father's lease could expire I would make a good bet that CHK will
be able to extend the lease by various means. Part of the key to this would be found in the lease and how it addresses the term and…"
"Thanks for the info Richard, I really appreciate it! It sounds like this whole process is fairly hazardous, however living close to 250 miles away I am not a exposed to the affects. Hopefully as drilling continues (and it looks like…"
I can't really answer your questions, but here is another article for you to read...it is one person's
take on what is going on in this general area...take it with a grain of salt, and file it away or delete...
there have been many…"
First of all I would like to say hello, my name is Nick SnellI am the son of a landowner in Sullivan County. My father signed a five year lease of his 110 acres in Hillsgrove Twsp to Chesapeake. The lease is up in june of 2013 i believe...Does anyone know the chances of them wanted to renew his lease? I am assuming they would be interested because of their large investment in the area. next question. I have looked at several of the map that have been posted on the board... I am curious of…See More
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 ]