Replies to This Discussion

Permalink Reply by 015334grltd9m on September 15, 2013 at 1:02am

Where is your land relative to the "play?"

Permalink Reply by Robert P on September 15, 2013 at 3:22am

After seeing this I checked mine as well....on 8-2-13 Chesapeake is on a transaction on mine,  it's worded as follows:  PARTIAL REASSIGNMENT & RECONVEYANCE SEE INSTRUMENT 25 OF 31 PAGES 542 THRU 551.   I am close to Brinker Storage area, There was a pad that was going to happen that would have picked my property up but Columbia Gas stepped in and showed old lease on property so Chesapeake had to stop...

Permalink Reply by Robert P on September 15, 2013 at 3:28am

I see where mine has went from CHESAPEAKE EXPLORATION LLC to DPS Penn then to TOTAL E&P USA INC then to Hilcorp now back to CHESAPEAKE EXPLORATION LLC, although this time only as a PARTIAL REASSIGNMENT & RECONVEYANCE

Permalink Reply by country driver on September 15, 2013 at 9:13am

Yes you are reading this right, Its not just 1 or 2 Leases, it's like a few hundred Leases, All around Lisbon, Center Twp.

Permalink Reply by 015334grltd9m on September 15, 2013 at 9:40am

Most likely horse trading to form their units?

Permalink Reply by Robert P on September 15, 2013 at 10:42am

I am on the edge of Fairfield/Unity Twps close to Lehman & Fowler wells

Permalink Reply by 015334grltd9m on September 15, 2013 at 2:05pm

Hilcorp country by proximity to their Springfield cryogenics plant.

Permalink Reply by Depolarized Farmer on September 15, 2013 at 2:11pm

I see CHK has been recording a few leases in Portage County again, too.

Permalink Reply by Blue Sky on September 18, 2013 at 7:40am

We are in the Brinker storage field very close to the Grubbs well, but not in the unit.  We too are included in this partial reassignment.  It doesn't seem to make sense since we have heard Hillcorp will be drilling more wells on the Brinker.  I guess we'll wait and see.

Permalink Reply by Inchworm antenna on September 18, 2013 at 10:56am

I don't think it's so much related to the lawsuit.  That part may be inconsequential as far as your question goes.  Regardless of the lawsuit there is still a storage field that currently has many lands under dual purpose leases.  This is probably more so a result of Columbia Gas having dual purpose (production & storage) leases within the Brinker.  Since the production privileges within many of the Brinker leases were assigned to NEVCO, and subsequently to Hilcorp, it would likely be difficult for CHK to assemble "regular" drilling units to maximize potential.  Perhaps it's just easier for CHK to make their buck assigning their Brinker related leasehold to Hilcorp.  

Many people in the Brinker with dual purpose leases have been offered an Amendment by Hilcorp/Columbia.  Please note this was open ended.  Meaning it was available for the taking, and if property owners so desired it was available for signature.  If folks have trouble understanding the amendment they could hire an attorney to explain it.  I'd have an attorney do it by the hour (read and explain) rather than assign themselves an overriding royalty.  

 

Permalink Reply by 015334grltd9m on September 18, 2013 at 11:27am

Hilcorp went public and disclosed that in Columbiana, they are trading with CHK to build their units.

Permalink Reply by Robert P on September 18, 2013 at 12:56pm

What does the "partial reassessment" mean. Does it mean part of the acreage or are they co owners?

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