Beaver Co. Renewal

Some time ago, I read where people wanted to know if leases were being renewed in northern Beaver County. Our original lease was to run out 6/15/15. As of 5/7/15 it has been renewed for 5 more years @ original terms.

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Permalink Reply by marilyn nesbitt on September 7, 2015 at 4:28pm

Sure Trapper I don't mind. As I said months ago or maybe even years ago we got the original amount of $1500 @ acre. That might not seem like a lot but it is money we didn't have before.We had had no contact with CHK & all of a sudden here came a check just like the first one. CHK was true to their word. We'll someday see what happens or maybe we won't be her to see, but our kids will. We're senior citizens now, maybe we won't even get to see the drilling of the well. Hope everything works out for everyone.

Permalink Reply by Trapper on September 8, 2015 at 7:14am
Thank you Marylyn!
Permalink Reply by Frank Nesmith on September 14, 2015 at 4:01am

do you mean to say they are renewing leases in your area? What area, if I may ask?

What areas are they not releasing in, too, if you know?

Permalink Reply by craig on September 14, 2015 at 1:55pm

CHK is not renewing leases that are East of 376 on the the North side of the Ohio River.

Permalink Reply by marilyn nesbitt on September 14, 2015 at 5:50pm

We live in Darlington Twp. in northern Beaver County, in fact we are so far north our mail comes out of Lawrence Co.Our lease was renewed about a month before it ran out. I might not be exact on the dates.

Permalink Reply by Trapper on September 7, 2015 at 2:55pm
What a difference 5 years makes. Then we were in high demand with offers escalating. I signed with Shell for double what East was offering the year before and others got even more in subsequent months.
Here we sit 5 years later and find ourselves in low demand. Never saw such a fickle industry! My fear is the good terms we enjoyed the first time around have been swept into the dust bin of history and future offers will be laughable in comparison. I guess it was a fun ride while it lasted.
Permalink Reply by Michael on September 8, 2015 at 4:23am

The whole issue comes down to the politics in Washington. It was too much that the U.S. was becoming independent in the energy sector and relying less on the Arabs and everyone else involved. So, a deal was made with the devil to lower their oil prices and to thus hurt us in our energy production, oil, gas, you name it. It's like anything else, if you're on the bleeding edge you reap the big rewards, but after awhile it all dwindles down.

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