I see that Chesapeake is making a big push here in Benton township (Lackawanna Co). PA. with 61 leases registered so far in June 2010. This is added onto well over 200 leases already in place. There is seismic testing started on various properties here also. Does this mean drilling may be starting soon? Nick
If you look closer at the actual leases, most of those recorded this month were actually inked in 2008. I wonder what that means. One person on another board stated that his was in the "new' Benton twp leases. They only recorded the first 3 pages, not all 8, and this is a fix. Also, some but not all of the ones just re-recorded are straight 5 year leases with no extentions. There are also West Abington Twp leases re-recorded. Tick tick tick! Could CHK be nearing a pipeline plan and then want to hit the ground running on these leases that will expire?
Start there, select the township, put in the date range, select 'gas and oil lease' hit submit. After you get the list, it provides a summary. If you want to see the actual lease signed, click on the red hyperlinks on the left. Enjoy enjoy.
It's not new leasing activity. They're finally recording the leases signed in 2008 as "paid up' leases.
Still though, they are doing a good deal of seismic testing throughout the Benton area and West Abington Township too. That, along with recording the leases after 2 years is making a lot of people go "Hmmmmm!" though!
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]