Chesapeake buying out Chief leases?

I had two different people tell me today that they heard Chesapeake was buying out all or most Chief leases in Sullivan County.  Has anyone else heard anything?

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Replies to This Discussion

Permalink Reply by joe on October 4, 2010 at 5:34am
I am curious what part of Sullivan County......specifically what Twp was Chesapeake buying the Chief leases?
Permalink Reply by Bob Thomer on October 4, 2010 at 1:20pm
I am curious as well. I had an offer from Chesapeake 6 months ago and never heard back from them. Last week I got an offer from chief that was much better and they want me to sign now.
Permalink Reply by Bob Thomer on October 8, 2010 at 9:48am
Vickie, I think chief refers to it as "Right of First Refusal". If at any time within the primary term of the lease or any continuation thereof, Lessor recieves any bona fide offer, acceptable to Lessor, to grant an additional lease (top lease) covering all or part of the afor described lands, Lessee shall have the continueing option, by meeting any such offer, to aquire such top lease. Any offer must be in writing.
Permalink Reply by joe on October 5, 2010 at 1:22am
bob where is your land located exactly?
Permalink Reply by Bob Thomer on October 5, 2010 at 10:22am
Joe
My land is in Colley, north of rt 87 abouy 7 or 8 miles east of Dushore.
Permalink Reply by joe on October 6, 2010 at 3:50am
Ok thank you for the information
Permalink Reply by Bob Thomer on October 8, 2010 at 9:51am
Joe, have you signed with anyone yet, or are you weighing your options?
Permalink Reply by joe on October 11, 2010 at 1:45am
Yes we are signed with Chief and we are in southern Colley Twp
Permalink Reply by David Broscius on October 6, 2010 at 8:22am
Im in Colley Twp on route 87 and leased by Chesapeake
Permalink Reply by Bob Thomer on October 6, 2010 at 9:42am
David, have you been leased for long? Wouldn't you think Chesapeake would be trying to sign up land to fill out their units, rather than buy them from Chief.
Permalink Reply by Rebe Ken on October 6, 2010 at 3:51am
Ok, so who has heard of Merritt Oil & Gas? Our rights are in Anthony Township, Lycoming County. Merritt has offered to purchase an "undivided 1/2 interest or any portion thereof that you would like to sell".
Permalink Reply by John Wm. Schon on October 8, 2010 at 1:46am
Merritt has made an offer to purchase a one half interest in my 84 ac Anthony Twp, Lyco Co. land.

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