Rumor: Chevron looking to buy a big block of deep rights.

A friend in the industry hinted today that Chevron may be looking to buy out, purchase rights or just buy a large block of deep rights...the hint was that maybe even a purchase of Buckeye Sierra's holdings.  This is of course a rumor, but something is happening.  A frack engineer said Chevron has 5 wells planned for the pad on Rt 250 by the tracks( two have been permited).   I'm not holding my breath just yet.

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Permalink Reply by Booger on May 22, 2013 at 3:52pm

interesting.........where u talking about on 250?.......county/twp?

Permalink Reply by brat on May 22, 2013 at 4:04pm

I believe the location is next to the rail overhead tressel, at 151 and 250, Harrison County, Monroe township.. Another thing I'm not sure of is, I thought that was the location a Dominion plant. Guess they could have changed their minds tho.

Permalink Reply by TM on May 22, 2013 at 4:10pm

Only Chevron permits I see are for washington twp in Harrison County on engineers report.

Permalink Reply by brat on May 22, 2013 at 4:16pm

Look again.  Well names are Wagner 1 and Wagner 2

Permalink Reply by TM on May 22, 2013 at 4:21pm

my bad I see them now. Search did not show those for me the first time.

Permalink Reply by David Mohn on May 22, 2013 at 6:38pm

Maybe they might be interested in CHK block of 94,000 acres in Portage and Stark Counties Ohio. 

Permalink Reply by lynn on May 22, 2013 at 6:48pm

While they're at it buy Mahoning Co from chk.

Permalink Reply by Gary on May 22, 2013 at 8:18pm

Actually while they are at it BUY ALL OF CHK...works for me...!

Permalink Reply by lynn on May 27, 2013 at 5:44pm

OK we'll go with that.

Permalink Reply by Hunter 1 on May 23, 2013 at 4:43pm
I thought chevron already bought a large percentage of the hbp deep rights in stark county off of atlas energy
Permalink Reply by TM on May 23, 2013 at 4:56pm

I believe chevron bought atlas energy back in 2010 for $4.3 billion.

Permalink Reply by lynn on May 27, 2013 at 5:45pm

Atlas still has a building and yard on Rt 14 N of Deerfield-says Atlas on the sign out front.  Maybe a wholly owned subsidiary?

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