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Bankrupt O & G Exploration Company assets are selling for next to nothing, compared to debt, in liquidation

Few people, excluding dim witted bankers and investors, have a taste for assets which lose money.  That is not really that surprising.  Th…

Started by Paul Butler in General Shale Discussions

0 May 14, 2016

Auction for Alpha Natural Resources non oil & gas assets cancelled: no one but creditors qualifed and made bid

This doesn't affect the oil & gas assets and that auction will happen May 16. Bankruptcy Court Order attached hereto. By my reckoning,…

Started by Paul Butler in General Shale Discussions

0 May 14, 2016

Sureties File Objection to Rice/Alpha Plan for Rice to Purchase Alpha Minerals; Feds call re-organization a sham which is actually Liquidation

The Objection of the Sureties is attached hereto.  Note: PLR stands for Pennsylvania Land Resources, an Alpha subsidiary. Incredibly, Alpha…

Started by Paul Butler in General Shale Discussions

2 May 13, 2016
Reply by Paul Butler

Alpha Natural Resources/Rice Stalking Horse Auction May 16, 2016 in Manhattan at offices of Jones Day

The Sureties filed their objection on the last day. 4. Auction of the PLR Assets. The PLR Stalking Horse is designated as the stalking hor…

Started by Paul Butler in General Shale Discussions

0 May 12, 2016

Penn Virginia files for bankruptcy--so does Linn Energy: Pretty Maids all in a row!

Penn Virginia Corp. of Radnor has filed for bankruptcy protection, joining the ranks of more than 50 oil and gas companies nationwide that…

Started by Paul Butler in General Shale Discussions

0 May 12, 2016

Rome trough group

To whom it may concern: I am a mineral/royalty owner in Greene county. I would like to join the Rome trough group, as well as a lady who li…

Started by Debra Lynn Pennell in General Shale Discussions

15 May 12, 2016
Reply by Susquehanna Sally

Consol holds first quarter losses to $100 million--places near head of the Class

Did anyone think they would live to see a day in the energy business when losing one hundred million dollars in a quarter would be good new…

Started by Paul Butler in General Shale Discussions

3 May 12, 2016
Reply by Joseph-Ohio

Linn Energy Files for Bankruptcy

Summary Linn Energy has filed for Chapter 11 bankruptcy protection in order to restructure its massive debt load. The partnership has ente…

Started by Paul Butler in General Shale Discussions

0 May 12, 2016

SURE Lease Ad Valorum Tax: Getting Chesapeake to Pay

The SURE lease states that CHK is responsible for paying the Ad Valorum Tax bill that was recently received. What steps are you taking to m…

Started by Cheryl in General Shale Discussions

44 May 11, 2016

Well head/ enhancement

Question?? If your lease States your Royalties are a percentage of the product at the wellhead, how can they charge you enhancement charges…

Started by Money Bags in General Shale Discussions

4 May 11, 2016
Reply by Joseph-Ohio

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