Chesapeake renewing leases

I have a 5 year  lease with the option to renew for a another 3 years with Chesapeake due to expire on 10/9/2015. I just received a  card yesterday from the mail man stating that I have a certified letter from Chesapeake waiting at the post office. Any ideas what it may be about? Possibly a check to renew the lease?

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Mike MurphyPermalink Reply by Mike Murphy on October 5, 2015 at 1:51pm

Joe Bezel let us know if you get renewed with all that activity they should be able to HBP your lease......don't count your chickens before they hatch .........hope u see a check.....good luck

Permalink Reply by Jim Pollock on October 5, 2015 at 2:25pm

They did seismic testing here a few years ago and to tell you the truth I thought they would try use that activiity to hold the lease without another bonus.

Permalink Reply by Kathleen on October 5, 2015 at 2:39pm
As far as I know that's considered exploratory not a process of drilling
Permalink Reply by Joe Bezel on October 5, 2015 at 3:44pm

Thanks Mike, I will.  Should get the check in the next two weeks, if I get one.  Most of the leases expiring now in this area were signed in the $1,000/acre range.  I suspect they will examine the $6,000/acre leases more carefully before renewing them, with an eye to HBP.

Permalink Reply by Joe Bezel on October 16, 2015 at 5:07am

Just received my renewal check from CHK.  It was for a full five years.  I never expected to see it!

Permalink Reply by Oil & Gas on October 16, 2015 at 5:17am

Where is your property Joe?? That's interesting and great news

Permalink Reply by Joe Bezel on October 16, 2015 at 5:21am

Green twp, Harrison County, OH

Permalink Reply by D.C. Harris on October 16, 2015 at 5:30am

Good news, indeed!

Permalink Reply by Nancy LeNau on October 16, 2015 at 1:36pm

Congratulations, Joe !    Wonderful News !

Permalink Reply by Cheryl Bateman on October 5, 2015 at 6:43pm

OUR LEASE WAS UP IN JULY,  HAVE GOT NOTHING FROM CHESAPEAKE WITH OFFER WE LIVE IN EAST CADIZ

Permalink Reply by D.C. Harris on October 6, 2015 at 10:53am

I would suggest you contact Chesapeake and ask them to release you.  Then, if they're sitting on the fence about it, they'll renew.  If they're not fence-sitting, they'll release you and you'll be able to sign a new lease with a new party (or with them) when the time comes in the future.

Permalink Reply by D.C. Harris on October 6, 2015 at 11:01am

Just a thought:  Chesapeake is conducting seismic testing in Jefferson County this Autumn.  My guess is that they will renew or not renew leases for those of us in Jefferson County whose leases expire within the next year to three years based on the geophysical survey results.

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