Chesapeake energy has proposed Drilling units that run from the vicinity of the intersection of Thompson Road and Kilgore ridge road running to the south east for approximately 3 miles to the edge of State Route 151. The well pad has been prepared. Approximate 250 landowners have signed leases, but one landowner owning approximately 30 acres has refused to sign a lease. This Owner is reportedly requesting a $7500 per acre signing bonus and other lease clauses unacceptable to Chesapeake. A reliable source has reported the Chesapeake is preparing an application for force pulling from the Ohio DNR. Attorneys who are familiar with this process tell me that it is unlikely that the application will be decided on in the remaining six months before approximately 100 leases expire. The Issue then becomes whether Encino will attempt to release the properties with expired leases. LET’S hope so!
Has anyone received division order from Encino yet for Deuker wells?
Have not received anything from Encino as of this date. As Al stated previously maybe checks by mid December. It will be interesting to see what the production numbers are when ODNR posts them.
Thanks for sharing this information, it is very useful.
The first check we received was for Sept. The second was for Aug & Oct.
Thanks for the update. I hope you are doing better soon.
I appreciate all the information you provide us. Sorry to hear you're having some medical challenges. I wish you the best.