Rumor: Chevron looking to buy a big block of deep rights.

A friend in the industry hinted today that Chevron may be looking to buy out, purchase rights or just buy a large block of deep rights...the hint was that maybe even a purchase of Buckeye Sierra's holdings.  This is of course a rumor, but something is happening.  A frack engineer said Chevron has 5 wells planned for the pad on Rt 250 by the tracks( two have been permited).   I'm not holding my breath just yet.

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Permalink Reply by Lance Nimmo on May 23, 2013 at 8:29am

That makes little sense to me being they sold out their deep rights in Mercer County (at least southern) to HilCorp.....  One can never figure those guys out...

Permalink Reply by Wayne Anderson on May 23, 2013 at 8:53am

Lance,

When did this happen? I have read nothing about Chevron selling out to Hilcorp and live less than a mile from the Chevron Hurtt well.

Permalink Reply by Lance Nimmo on May 23, 2013 at 9:26am

Did Atlas (chevron) not sell HilCorp the rights to their HBP ground around their wells in southern Mercer County?

Permalink Reply by Jim Litwinowicz on May 23, 2013 at 5:30pm

Chevron did a JV with Hilcorp. May have swapped a few parcels. But they are drilling one well now and I think they just permitted another in Mercer.

Permalink Reply by David Brooke on May 28, 2013 at 11:59am

Concerning Atlas & Chevron..... Yes, Atlas is some sort of subsidiery of Chevron.  The way Atlas explained it to me, they are still independant operationally, but for any shallow lease held by Atlas, they automatically transferred the deep rights to Chevron.  With CHK apparently looking to sell of or selling off their huge stake in eastern Ohiol, it will be interesting to see what Chevron does.

Permalink Reply by Paul Martinelli on May 31, 2013 at 1:45pm

Any more news on Chevron's interest?

Permalink Reply by Paul Martinelli on June 19, 2013 at 1:50pm

Anyone hear of any recent news about Chevron in Tuscarawas county OH?

I heard someone mention they may be derilling a couple wells this year....may have been from a WJER radio report.

Permalink Reply by TM on June 19, 2013 at 2:19pm
I have been waiting on their Kinsey well results. That well is right on the Tusc Harrison border. Should be hearing results here soon I would think.
Permalink Reply by EMC on June 19, 2013 at 6:15pm

Chevron Kinsey well activity

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Permalink Reply by TM on June 19, 2013 at 7:05pm
Nice pics emc. Looks like oil trucks are rolling in.

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