Is Chesapeake Renewing Leases in Eastern Ohio?

With some leases starting to expire in 3-4 months just curious if anyone has heard of chesapeake renewing leases?  Thanks jimmy

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Permalink Reply by Dexter Green on July 24, 2015 at 4:57am

Unlikely.  Poor results when oil was >$100 means no plans to further explore at current prices.  Just a hunch.  CHK is in cash conservation mode right now.

Permalink Reply by Spo de o de on July 24, 2015 at 5:03am

That is what I was thinking but my acreage backs up to a rail line and I would think this might be a benefit to being renewed for future access.  Might have to call Chesapeake and see what they say.

Permalink Reply by Jim Morris on July 28, 2015 at 11:45am

American Energy Utica had 2 pickups parked on 250 Harrisville( Packers Fruit Market) . Came back from bank and 3 guys were standing in middle of spraggs farm now Jones farm. If I do believe this farm signed with Mason Dixon then went to Hess then flopped to AEU. My property borders this when OKKI Energy was trying to buy mineral rights. My .02 means nothing but I believe a well will be put here or a pad to HBP.  AEU is going crazy with property in this neck of woods.. Jimmy

Permalink Reply by Rene Oldham on July 27, 2015 at 4:46am

Are the terms and fees paid for lease renewals typically the same as the initial lease?

Permalink Reply by Booger on July 28, 2015 at 2:43am

yes..........typically the money is the same.........sometimes the length is shorter........it will be spelled out in the lease.

Permalink Reply by JUDY GRIFFITHS on July 24, 2015 at 5:09am
We were originally signed up with Everflo Eastern, out of Canfield, in the early 80's.
They sold our leases to Chesapeake about 2 years ago, without even telling us.
Our small, very infrequent checks still come from Everflo.
Don't know what is up with that.
So, was this legal, and why aren't checks from Chesapeake.
I found out about sale to Chesapeake because I called Everflo, since we are very near the halcon wells on Brunstetter rd.
Judy G.
Permalink Reply by Dexter Green on July 24, 2015 at 2:20pm

Everflo still operates all the wells.  CHK just owns the deep rights on the leases.  

Permalink Reply by JUDY GRIFFITHS on July 24, 2015 at 2:25pm
Thank you. So if Chesapeake does a well, do we get a lease from them, and do checks come from them?
Permalink Reply by Greg B on July 25, 2015 at 5:34am

All Chesapeake Operated wells in Ohio permitted in 2015 so far. 

https://www.google.com/fusiontables/data?docid=15ZjleYWFKBDxDlHd5U2...

Permalink Reply by RONNIE J. TALKINGTON on July 27, 2015 at 4:33am

My Chesapeake leases in West Virginia was sold to Southwest energy from Texas. My lease was do in April.

Permalink Reply by Brad on July 27, 2015 at 7:04am

Southern Mahoning.....1/2 mile from Columbiana/Mahoning county line, Goshen Township.  Leased w/ Chesapeake as a localized land group (approx. 1,500 acres) on 11-7-10.  The lease had a 5 year primary w/ a 3 year extension option.   Our lease was negotiated at the very beginning of the leasing wave in this area, so we were only able to negotiate 2K bonus, 15% royalty.  We have not received an extension/renewal payment thus far, but I have a suspicion that our lease will be extended.  I say this only because we are potentially in a economically feasible/productive area and our lease was more favorable to the lessee than others who leased shortly thereafter.  I could be dead wrong.....the next couple months will be interesting.        

Permalink Reply by DJ on October 19, 2015 at 4:07am

Brad, any word on renewal in that area?  Does the 3 year extension pay the group another 2K per acre?

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