Replies to This Discussion

Permalink Reply by Joseph-Ohio on August 4, 2012 at 2:19am

Here's a link to the Meagher page:

 

http://www.meagheradvisors.com/resources/project/Chesapeake%20Utica...

Permalink Reply by 0i7okn54zwbdo on August 4, 2012 at 3:01am

This topic came up on the Sensibaugh Frac thread.  I'll simply repost what I wrote last night.

Some of that acreage is really scattered in a few of the counties and it's not nicely blocked up.  Whomever buys it will have to do some legwork to make the position more drillable.  Nobody is going to do that until there's at least a better idea of potential production from each county.  The total package covers 19 counties, so that's prohibitive in it of itself.  From the furthest NW part of the package to the southern most part it's more than a 3:30 hr drive.  Seems difficult for a company to operate given the logistical nightmare.  If you were buying that package you'd be getting Trumbull, Ashtabula, Portage and (maybe) Geauga as your best locations and buying the rest on speculation.  So we'll see if anyone bites on it.

Permalink Reply by Joseph-Ohio on August 4, 2012 at 12:04pm

Thanks Marcus Grayson,

 

We didn't read the 'Sensibaugh Frac thread' as the well lies outside of our geographical interest.

Ashtabula info. is critical to us.

 

Joseph-Ohio

Permalink Reply by Joseph-Ohio on December 19, 2012 at 8:46am

Just read something I think is important regarding EnerVest buying Chesapeake's Utica leasehold acreage.

Click on the link that follows:

http://www.upstreamonline.com/hardcopy/news/article1300698.ece

Permalink Reply by 0i7okn54zwbdo on December 19, 2012 at 10:54am

So EnerVest has bought what Lario wouldn't buy from CHK in Trumbull, which is interesting.  There have been a lot of moves in that county and still no real geology to judge it by.

Permalink Reply by Joseph-Ohio on December 19, 2012 at 2:50pm

Thanks for your reply Marcus Grayson.

Regarding the lack of geological info.; I agree - at least it seems no geo. that anyone is sharing ! 

However, there were seismic surveys in the area stopping at rt. 6 last summer - maybe that data helped spur the deal. 

Don't really know what the driver was behind EnerVest buying the Chesapeake acres - although I'm still leaning toward a move to consolidate more acres for EnerVest to sell.

Time will tell.

Keep posting.