DPS Penn Leases soon Expiring in Jefferson County Ohio

Many in Jefferson County entered into Lease Agreements near five years ago with no activity to date. I am not sure who holds these leases today if not CHX who has been experiencing financial issues.  Has anyone been contacted for new lease agreements in anticipation of CHX not renewing their leases. 

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Mike MurphyPermalink Reply by Mike Murphy on December 11, 2015 at 1:15am

have u contacted CNX to see if they are renewing leases or if they still own the lease?

Permalink Reply by JWE on December 11, 2015 at 8:26am

I have not contacted anyone and do not plan to until it expires on February 2, 2016.  Since nothing has happened on the property, the Lessee has not "spiked" the original lease, but holds the right to renew after February 1, 2016 by payment of the original amount of $1500 per acre for an additional five years.  

Or, I hold the right to negotiate a new lease (top lease) which then the current lease expires on Februay 2, 1916, then locate the current holder who has so many days to match.  Not sure who that may be now.   At this stage of the game, I feel it best to just sit and wait it out until February 2, 1916.

My original post this week was to see if anyone within the Wells Township Jefferson County area has heard anything since most of the original DPS Penn leases were negotiated after January 1, 2011 and will be expiring in 2016.  DPS Penn was fronting for CHX back then, if my information was correct.  Does anyone out there know who now holds their leases.

Permalink Reply by Hunter on December 11, 2015 at 5:18pm
I had a dps penn lease in Harrison county that was up in August 2015. Didn't hear from them for 5 years but they sent check in mail to renew. I was hoping they forgot about me. Good luck
Permalink Reply by JWE on December 12, 2015 at 8:34am

Thank you for your response Hunter.  Will be interesting to see what happens between now and my expiration date of February 2, 2016. Do you have a contact point (company name, contact name, phone number, address) from your August communications with DPS Penn or whomever contacted you.  Again, thanks for your communication.  Like you, I have heard nothing since signing in 2011.

I understand there are some out there looking to make a "top lease" offer above the amount negotiated five years back with DPS Penn that may cause DPS Penn to match or beat.  Has anyone heard of this happening???

Permalink Reply by Hunter on December 13, 2015 at 8:16am
I had no contact just a certified letter with check in it.
Permalink Reply by JWE on December 13, 2015 at 8:42am

Sorry for coming back to you; Hunter,...not wanting to beat this to death,   but who sent the certified mailing, DPS Pen or some successor company who I am wanting to learn about.  Is DPS Penn still the entity holding the leases???   Thank you.

Permalink Reply by Robert Matthews on December 13, 2015 at 9:13am
I am in Ross Township Jefferson County. I have been in a unit for several years but no royalties due to pipeline issues. There has been a lot of seismic Testing, and last week DPS pen contacted me on behalf of Chesapeake to amend my lease for the fourth time in two years to be able to have 1280 acre units, which I declined. My lease is up next year but I am assuming I will be held by production. Unless my lease is sold to another gas and oil company, Chesapeake will own me for the next five years +.
Permalink Reply by Hunter on December 13, 2015 at 10:39am
The check was from Chesapeake
Permalink Reply by JWE on December 13, 2015 at 10:50am

Thank you...

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