Chesapeake energy has proposed Drilling units that run from the vicinity of the intersection of Thompson Road and Kilgore ridge road running to the south east for approximately 3 miles to the edge of State Route 151. The well pad has been prepared. Approximate 250 landowners have signed leases, but one landowner owning approximately 30 acres has refused to sign a lease. This Owner is reportedly requesting a $7500 per acre signing bonus and other lease clauses unacceptable to Chesapeake. A reliable source has reported the Chesapeake is preparing an application for force pulling from the Ohio DNR. Attorneys who are familiar with this process tell me that it is unlikely that the application will be decided on in the remaining six months before approximately 100 leases expire. The Issue then becomes whether Encino will attempt to release the properties with expired leases. LET’S hope so!
Does anyone know the answer? If they are fracking, doesn't drilling operations on all four wells need to be complete?
Yes all four legs are complete.
Updated info on the ODNR website:
|Well No.||Date Commenced||Date Completed|
Fracking on these four legs should be done around July 2.
Would any body be willing to share what they are being paid per barrel of oil and cubic foot of gas? No other information is needed. Thanks.
Thanks Mr. Cramblett. They have also begun the work on the pipeline to connect this up , and get it to market..I didn't ask about any NGL's though. Whats your info on that? Fracking company is from Texas by the name of Profrac specializing in long laterals.Should be in the neighborhood of 500 stages if I remember what I was told correctly. That would be all four legs of which the one is a short one as we know. The other three are over 16000 some odd feet. Possibility of having checks in October.