Comment

Comment by Dan on November 20, 2012 at 1:44am

Yes JT, we did.  We get these kinds of offers with some regularity now.  This time, MAC wanted to buy the surface and minerals together for $6000/acre.  With the possibility of making twice that in the first year of production, we are going to hang on.

Comment by JT on November 19, 2012 at 11:25pm

Has anyone else recently received an offer for the purchase of their mineral interests from Mineral Acquisition Company?

Comment by Josh on November 8, 2012 at 10:04am

I noticed on the Ohio Division of Mineral Resources gas well locator page that most all drilling companies are avoiding to drill laterals under or near producing/plugged wells?  I understand that previous leases may have the land HBP, but will they ever drill under these  (plugged/producing well) areas. 

Comment by Shower Bath on November 7, 2012 at 2:31am

Here's the 3rd qtr financial/operating report from Gulfport. The results of the BK Stephens 1 well in Moorefield are included, and they are quite impressive. Gulfport plans to drill 50 wells in 2013, which means to me that their leased area is now proven. See the link...

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=719144

Randy

Comment by Al Cramblett on November 5, 2012 at 3:33am

Oil Field, here's the whole story. In early 2011, Atlas Energy, Inc. sold some of its interest to Chevron as you have stated. The remainder of the company (assets) were used to form Atlas Energy, LP which is a master limited partnership. Atlas Energy, LP permits qualified investors to become partners in their drawing operations. This results in a significant tax advantaged investment which is why I leased my property to Atlas Energy, LP. Chevron has nothing to do with the drilling on my property which started last month.

Comment by 1 Safe OilField on November 4, 2012 at 12:58am

reese cramblet is atlas which is owned by chevron, wont chevron be the ones doing the well now

Comment by Buckeye Fan on November 2, 2012 at 1:45am

Three notable recent wells completed by Chesapeake in the Utica during the quarter are as follows:

• The Houyouse 15-13-5 8H in Carroll County, OH achieved a peak rate of approximately 1,735 boe per day, consisting of 465 bbls of oil, 335 bbls of NGL and 5.6 mmcf of natural gas per day;
• The White 17-13-5 8H in Carroll County, OH achieved a peak rate of approximately 1,360 boe per day, consisting of 390 bbls of oil, 285 bbls of NGL and 4.1 mmcf of natural gas per day; and
• The Stuart Henderson 11-12-6 1H in Harrison County, OH achieved a peak rate of approximately 825 boe per day, consisting of 410 bbls of oil, 100 bbls of NGL and 1.9 mmcf of natural gas per day.

Comment by Shower Bath on November 1, 2012 at 11:37am

Chesapeake released their 3rd qtr financial/operating report today. There is info on the Henderson well in Harrison county along with a paragraph on their Utica operations.

http://www.chk.com/News/Articles/Pages/1753284.aspx

Randy

Comment by Shower Bath on October 31, 2012 at 5:24am

The state DNR has updated the permit/drilling report for last week. New permits for Harrison, including a second well from the Ryser pad.

http://www.ohiodnr.com/oil/shale/tabid/23174/Default.aspx

Randy

Comment by Shower Bath on October 31, 2012 at 3:10am

Gulfport released the info on the Ryser and Groh wells today. See the link...

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=717444

Randy

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