Comment

Comment by michael j belaj on February 6, 2012 at 11:43pm

F Donia I read the agreement and every thing looks OK Devon is just another playeer in the Utica play. Muskingum County is good it has Oil and Wet gas that is what the drillers want I have siesmic lines and deep well logs for eastern Muskingum and it looks good. This week some one is running new seismic in Muskingum County that cost alot of money their must be interest.Guernsey County is  at $5,000.00 Muskingum will follow. Thanks Mike

Comment by F Donia on February 6, 2012 at 4:46pm

My take is that the folks in Muskingum are not going to be made good offers until we know more about our county's production potential.  That's what the CHK action suggests to me.  These Companies have spent $100 of millions in bonus payments in Guernsey.  Billions when you look East towards PA, some have over done it big time.  They can't keep leasing if the assets to drill it all are not there, and more legislation in in the works in Ohio.  This play needs more proving with transparency so we see what develops together. Dream on, Frank.

Comment by michael j belaj on February 6, 2012 at 3:18pm

Like I said Guernsey County looks great Muskingum County looks better,

Comment by Philip Brutz on February 6, 2012 at 1:54pm

Frank,

I was thinking the same thing.

Comment by F Donia on February 6, 2012 at 1:50pm

Philip,

That would make sense.  In Nov. 2012 Bill Williams discussed with our group how CHK had lost interest with west of I77 in Guernsey.

Comment by michael j belaj on February 6, 2012 at 6:48am

We need competition to keep the price up with competition you will get better lease terms.

Comment by Philip Brutz on February 6, 2012 at 6:16am

It looks like CHK sold only the western 2/3rds of Guernsey.

Comment by Philip Brutz on February 6, 2012 at 6:01am

Frank, Thank you for posting the Bill of Sale.  I am not an expert but I agree with you it looks like a cut and dry Bill of Sale.

Comment by F Donia on February 6, 2012 at 2:45am

Here is the Chesapeake document.  Chesapeake Bill of Sale to Devon.pdf

Frank

Comment by Robert Bond on February 6, 2012 at 1:15am

Mike, Sent you a message.  Thanks, Bob

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