Anyone Re-leasing?

Just curious. Has anyone not in a unit been approached yet to re-lease their land? Or does anyone know if all this hoop-la is just going to end up as a one-shot deal for those who leased a few years ago and were not included in a unit?Thanks!

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Permalink Reply by Philip Brutz on December 17, 2014 at 7:47am

Most landowners in the Utica still have 2 or more years left on their leases.

Permalink Reply by mark ondrusek on December 17, 2014 at 7:52am

in western beaver county chk is letting tons of leases expire!

Permalink Reply by Mtneer on December 17, 2014 at 8:44am
Many leases about to expire in northern Washington County, PA. With Range's recent utica test well results and new players exploring Range and Chessie's expiring/flipped leases, respectively, in Beaver and Hancock County it may get interesting.
Permalink Reply by Nancy LeNau on December 17, 2014 at 2:50pm

My farm is in Hookstown, PA.  Greene Township, Beaver County.  I still have 1 1/2 years left with CHK. My understanding is Range is buying out all CHK. leases south of the Ohio River. ( I sure hope so )   My neighbor was approached by Range to sign for $ 2,500.00 per acre at 17 %.  

Permalink Reply by jason irvine on December 17, 2014 at 1:17pm
Good question. I have property on the wetzel tyler county line in wv. Our lease expires in january. I hope someone will sign us. I think we are in a good area so I hope it ain't a problem.
Permalink Reply by Robin Hood on December 17, 2014 at 4:41pm

If Chesapeake is letting" tons of leases expire in Beaver county", then I would speculate that they can't find a buyer at the price they are asking. A prespective buyer is gambling that a new lease with the landowner will be cheaper then buying it from Chesapeake.

Permalink Reply by Ohiosam on December 18, 2014 at 3:32am
Not only cheaper but better terms.
Permalink Reply by Gary on December 18, 2014 at 7:36am

I was under the impression that the Southwestern purchase of CHK's leased acreage in PA and WV included Hancock county leases..does anyone know if that is true?

Permalink Reply by Nancy LeNau on December 18, 2014 at 2:47pm

Gary, I am pretty sure I saw a map that SWN  is in the process of leasing all of Hancock, also some in Tyler County, Great news for these folks !  

Permalink Reply by Mtneer on December 18, 2014 at 2:05pm
Southwestern (SWN) has acquired a large number of Chesapeake leases in the areas in question already.

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