Comment

Comment by scott jackovitch on December 13, 2010 at 9:00am

Very good Dan thanks,  we'll just have to wait and see what happens next. That well is probably only 2 miles or so from me so i'll drive by occassionally to check it out.

Comment by Dan on December 13, 2010 at 8:51am

That all sounds right Scott,from what I see on the permit. The only thing I would add is that Chesapeake has now completely acquired Buckeye Energy, so this is a Chesapeake operation. In fact, any new Harrison County leases through Kenyon won't say Buckeye Energy anymore, but Chesapeake.

Comment by scott jackovitch on December 13, 2010 at 7:17am

I just got off the phone with the DNR mineral resources. I gave them the location of the well and this is what they told me. The well name is North American coal royalty Buell number one.  The well operator is Buckeye energy llc. The well was approved Nov 16 2010 and is a vertical well being drilled to a depth of 9003' .  It is supposedly a test well passing through the Marcellus and Utica formations into a sandstone formation. I was told this is what they do to test the shale to see what it's production would be.  I was told the well is very expensive to drill somewhere between 3 and 5 million dollars . 

Comment by Dan on December 13, 2010 at 7:00am

Josh, in this picture it is just the cranes because they are in the middle of building the rig. I could see that the platform was basically there, and the tower was assembled and laying on the ground. Right now this site is permitted for just 40 acres and going down 9000' to the Trenton/Black River, which means they are exploring, and will be checking probably Marcellus and Utica on the way down. I'm thinking that whatever they install now will allow for horizontal drilling if they decide to get a permit for a larger unit.

Comment by Josh on December 13, 2010 at 6:13am

Dan,  that is exciting to see,  you know if this is a vertical rig? 

Comment by Dan on December 13, 2010 at 5:31am

Rod, they are drilling right here.

Comment by Rod Dietrich on December 13, 2010 at 5:18am

Dan, I'm sure on a earlier link it says where ya live, but where exactly is Chesapeake Drilling,   Thanks  Rod

Comment by Dan on December 13, 2010 at 4:54am

Chesapeake just moved in this week to drill about 3 miles from me. Kind of excited to see what they find...

Comment by JT on December 11, 2010 at 8:39am

My impression was that all expenses have been covered by donations.  It's more of an open bid process rather than a negotiated agreement.  They provide the terms of the contract...everything except for the price and royalties then open the bid.   I'm sure he wouldn't mind if you called for specifics. 

Comment by jerry allen on December 11, 2010 at 8:25am

JT,

Many of the land groups have an attorney doing the negotiating who usually wants a percentage of per acre bonus or royalty.  Is this the case with the Associated Landowners of the Ohio Valley?  If so did Bob give you any idea as to the cost?

jerry

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