OV ROYALTY TRUST WELL

THE OV ROYALTY TRUST WELL IN BROOKE COUNTY API 00138 IS ONE OF BROOKE COUNTYS TOP PRODUCING WELLS WITH ONLY ONE LATERAL WHY WOULDNT CHK COME BACK AND DRILL MORE LATERALS SINCE THEY KNOW WHAT THEY HAVE THE GATHERING LINES ARE IN ALSO?

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Permalink Reply by KAR on December 28, 2014 at 2:01pm

Gas prices are low, and this acreage is already held by production. No need to drill anymore wells off this pad unless they need to hold additional acreage with additional laterals. Once they have all their land held by production Chesapeake can cherry pick where they want to drill the money makers. 

Permalink Reply by william george allison on December 29, 2014 at 2:16am

I CANT SEE THEM WASTEING ALL THAT BONUS MONEY ON LEASES AND NOT GETTING A RETURN ON THIER MONEY BUT WITH CHK YOU NEVER KNOW I HOPE YOU ARE RIGHT KAR

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