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Thank you Wayne! I bought a document from 2/26 and it has to do with vesting Jamestown Resources 2.5% interest in the well.
LW We have just found out that our lease has been transferred to Jamestown Resources from CHK. I could not find much information about this company. Our lease is in a producing well unit and it seems odd they are moving it around. Do you know anything about this group? Thank you.
Yes, as co-founder of CHK, McClendon receives 2% of all wells CHK operates. Jamestown and Larchmont are owned by him and serve to receive these proceeds. By the way he pays for his share of the costs of drilling. These assignments have been happening for years. I don't know if he has the same share since he has been replaced as CEO.
The assignments I have seen the last couple of weeks were between other gas companies.
I might do it if they also would agree to an amendment which forbids wellhead sales. I'm pretty sure the FVG lease is vulnerable to wellhead sales, should they ever (in future) take place. BTW, no wellhead sales are happening today AFAIK . . . . thank goodness!
I have no "insider info". The only input I have is a map filed in the recorder's office defining a unit. That usually occurs after everything is over and done.
The same thing is happening with us with Talisman. We have a phone consultation set up with an attorney who has been working with others in Bradford. She's very busy and couldn't take us until 4-22. Sorry I don't have more useful info for you. We're new at negotiations directly with Talisman.
Thanks Wayne. I heard Chief and Southwestern are buying some CHK wells on the Bradford Sullivan county border. In the ammended units are they changing their size? How common is it for them to lengthen a horizontal before it is drilled? I am in the Reily, Rainbow and Cummisky units.
I'm sure they are all buying, selling and trading leases in different units to consolidate their positions, but I have not seen an actual transfer of ownership of a unit thus far recorded.
I wonder if/when the recordings will show up too. and what form they will take.
mineral owners in the dziuba north have been told by both chk and chief that they are now owned by chief as well as the well in that unit.
nothing has changed on the sign board as of yet though, and nothing has been recorded.
I haven't talked to anyone to see if the royalty situation has changed this month.
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