They sold out to Encino. It'll be up to the new owners. they assumed all those leases and will have the option to extend. I look for them to do that,but will try to amend those leases to far less desirable language for the landowners. They may just let them expire,then wait a while so that landowners think that anything they offer on new leases may be better than nothing.They are looking 10 years down the road.
Link below about Encino acquiring Chesapeake in Ohio.
Thx for the news. Lets hope they haven't adopted any of Chesapeake's landowner relations tactics.
Appears that Encino will target Columbia, Jefferson, and Harrison Counties in Ohio 2019 according to this article.
Sounds like they are going after the gas,not oil. where they can get it into a pipeline immediately and make the most $ as soon as possible.
Why is Chessie in 'big trouble " ?