Tapan Lake Lease on Hold
I have good contacts that tell me MWCD leases are on hold for 3 to 5 years. Oil drilling is cooling down in this area and the oil Co. are not willing to pay up. Also don't expect for any resigning of old leases in this area CHK is moving on to the south.
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Replies to This Discussion
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Permalink Reply by 1s7k1qp9wk1t7 on
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Bullcrap....no way....there is way, way, WAAAAAAAAAAAAAAY too much infrastructure investment inour backyards.......follow the smart money not a reckless over spender like Aubrey.....the energy equity firms have seen the development plans and know what the future holds thats why companies like Siltstone Capital are VERY interested in good Harrison County opportunities....they're gonna resign plenty of those leases.
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Permalink Reply by Dexter Green on -
If CHK doesn't re-up those leases someone else will swoop in and take new ones. That area is far too promising.
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Permalink Reply by Travis Keefer on
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oil drilling is actually picking up in north western harrison and eastern tuscarawrus county from what is see and read, not sure what your comparing to? chk is pretty pleased with parker well results so idk what your basing that info on
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CHK will SELL or TRADE this acreage before they would ever let those leases expire....they offered me 12.5K per net mineral acre to buy my 17.5 % gross lease with them back in july for property in archer twp.....our area is worth a TON
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Permalink Reply by ray schmidt on
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yea so much for his GOOD CONTACTS..just look at the Harrison county group page..some one is offering to buy your minerals..LOL.Dont mean to RUFFEL your feathers Jim..But WTF?
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Permalink Reply by Bill Frost on
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Lol,,,,$80 oil changes the game for shale. Hope your wells are already drilled.
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Permalink Reply by Bill Frost on
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Also there are not to many drillers other than CHK north of RT..250..I have also heard CHK is not going to pony up for Tapan. Lets see now 5 years and no Lease... But Aubrey just might buy it and hold it for a long time.... I WANT MY ROYALTY MONEY NOW. Not 10 year from now when my kids will blow it or piss it away.
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Permalink Reply by pinehill on
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There are other companies with lease holds around Tappan, not just CHK. I heard MWCD was waiting till the lawsuit over Seneca was settled to lease. Have read several articles that say this a cheap area to drill and all kinds of plans on the table to take the NG east. But CHK did make a bundle on a sale last week. Debt reduction or investment, time will tell.
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