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Permalink Reply by Jim Litwinowicz on December 24, 2013 at 5:35am

How many acres was involved?  Of course even if we knew the acreage it would be hard to figure what the acreage is worth since this sale  included a lot of producing wells, gathering lines, and processing capacity.

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Permalink Reply by TM on December 24, 2013 at 6:47am

I read in an article that said it was a 75,000 gross-acre leasehold in Bradford, Lycoming, Sullivan, Susquehanna and Wyoming counties.

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Permalink Reply by Markus on December 24, 2013 at 6:20am

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Permalink Reply by Markus on December 24, 2013 at 6:23am

Thanks for this - I did not see it before.  

Chesapeake also had a bunch of acreage for sale in a half dozen or so counties in Ohio through a listing with Meagher Energy Advisors - it sat for ages and never showed up as sold.  

Now, I see the listing is gone....wondering what eventually happened to it - thinking that they may have had a change of heart and have decided to keep it.  It was acreage in a bunch of northern counties as well as acreage in southern counties including Perry, Washington, Athens and Meigs. Hmmmm.

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Permalink Reply by Trapper on December 24, 2013 at 6:47am

@6million$/well and the upfront leasing cost , it looks like a near "break even" for CK.....

That's assuming an average of 5 million cubic feet per well for the ones producing.

Does it really cost 6 million $ for a well?

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