Comment

Comment by Philip Brutz on February 13, 2012 at 10:08am

CHK has sold all of their leases in the western 2/3rds of Guernsey Chesapeake Bill of Sale but I would be very surprised if they were to sell their Harrison leases.

Comment by Josh on February 13, 2012 at 9:53am

Can someone shed some light on CHK plan this year, I have read they are planning to selling 12 billion in assets this year.

Comment by Shower Bath on February 12, 2012 at 11:29am

The second article down says Antero Resources has leased in Belmont for $5,900 per acre and 21% royalty. See the link for current articles...

http://www.drillingahead.com/page/utica-shale-news

Randy

Comment by Daniel Riemenschneider CPA on February 9, 2012 at 11:38am

Forum on tax, legal, estate and investment implications of oil & gas leases.  Free and open to the public - Saturday February 25, 2012 at 10 am at St John's Villa - The Gathering Room 701 Crest Street, Carrollton, Ohio.  Brief presentations and open for questions and answers.

Speakers include:

Dave Groves, Tax Partner and Dave Supelak, Sr. Tax Manager of Bruner-Cox LLP, Canton, Ohio

Attorneys from Parker Leiby Hanna & RasnickLLC

Tom Jackson of Tom Jackson Commerical Realty

Investment Advisors

Comment by Al Cramblett on February 9, 2012 at 10:53am

JT, I have discovered some of the mineral rights close to the assumed well pad have not been leased yet. I think there may be a delay in the hopes of getting this land under lease.  Also, a drilling rig drove into New Rumley the other day but my contact lost track of it.

Comment by Al Cramblett on February 9, 2012 at 10:37am

Peter, thanks for the analysis you provided below.  Here is a website where you'll be able to spend a lot of time.  Decline curves are provided there:

http://www3.geosc.psu.edu/~jte2/

Comment by Peter Schueler on February 9, 2012 at 8:14am

Randy, The article you referenced seems to have missed the point that the oil shale mining that occurred in the 60's and 70's in Colorado http://en.wikipedia.org/wiki/Colony_Shale_Oil_Project

and other western areas were dealing with shales that contained kerogen, a form of hydrocarbon that is thermally immature and needs to be mined as rock and then thermally processed to produce oil.

http://en.wikipedia.org/wiki/Kerogen

This process of hard rock mining and thermal processing is not at all comparable to shale gas and oil that has undergone geologic insitu processing and can be extracted in its fluid state using convention drilling and fracking. http://en.wikipedia.org/wiki/Shale_gas

The article does point out one major factor about recent shale O&G development, that is predicting the decline curve for these wells. Initial production has been very high for the gas producing wells with a rather steep decline rate. I haven't seen any data on decline rates for shale wells producing wet gas and/or oil.

Pete

Comment by Bill DeVore on February 9, 2012 at 7:30am

 The Henderson rd. well on Stuarts farm doesnt have any signs or info out yet at the site.

Comment by JT on February 9, 2012 at 5:48am

Al,  have you heard any more about the activity going on in the Irish Creek/646/New Rumley area?

Comment by scott jackovitch on February 8, 2012 at 8:16pm

Looks like a new well at the Buell location.

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