Chesapeake question

Does Chesapeake have any wells in TIoga Co? I can't find any evidence of any (but maybe I'm not looking in the right places?) I've been looking at the leases they've signed recently, and they seem pretty random. Either they have a lot of property previously leased, or they are just collecting the leases with the intent of swapping with East. Does anyone know if Chesapeake intends to become a presence in Tioga Co?

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Replies to This Discussion

Permalink Reply by Ann Ticopa on February 25, 2011 at 6:39am
The new production numbers show 5 at the end of 2010.  (See the DEP's or my PDF.)
Permalink Reply by Lynn Wigglesworth on February 25, 2011 at 7:17am
Ah; thank you! I see that they also have permits for more horizontals at the Kohler site (Liberty) and Broughton (Morris). Not a major player in Tioga Co., compared to East, or Talisman, or Seneca or Ultra; I still wonder why they have gathered a few leases in East territory.
Permalink Reply by Robin Jackson on February 25, 2011 at 12:23pm

Lynn, wasn't Chesapeake that purchased all that land from the state out by Gaines area? Or was that East? It was a recent newspaper article..

 

Permalink Reply by Lynn Wigglesworth on February 25, 2011 at 12:50pm
Ultra is doing almost all the drilling in the Gaines area.
Permalink Reply by Robin Jackson on February 25, 2011 at 12:32pm
Chesapeake has over 250 Oil and Gas leases on landex ..
Permalink Reply by Ann Ticopa on February 28, 2011 at 10:00am
Permalink Reply by Robin Jackson on February 28, 2011 at 1:35pm
So do you think they are going to pull out of here or do both? I heard a lot of the Seismic testers already headed west.
Permalink Reply by Ann Ticopa on February 28, 2011 at 2:14pm
I don't think it means they are going to pull out of this area.  Haven't checked, but think Chesapeake is active in Bradford and maybe Lycoming?  They are a big company with lots of "irons in the fire"; they're also active in WV.  But there are going to be times when they'll switch their concentration from one area to another.
Permalink Reply by Robin Jackson on March 6, 2011 at 1:47pm
Chesapeake is active in Liberty and very busy in Susquahanna Co..they have done lots of leases recently in Morris Twp. and Liberty twp.
Permalink Reply by Lynn Wigglesworth on March 6, 2011 at 2:33pm
Robin; do you know how much bonus and royalty they are offering?
Permalink Reply by Robin Jackson on March 6, 2011 at 2:50pm
I could try and find out for you..I have friends that live in that area and several are leased with Chesapeake..But my bottom dollar bet is they are extensions. Let me check for ya.
Permalink Reply by Robin Jackson on March 6, 2011 at 3:00pm
I just read a couple home owners groups who have Chesapeake and are staying United in what each neighbor gets..Seems to be 2,500 pr. acre but the Royalties pay out is 25%..I'd say that from all my reading this last yr..the more property you have the better off you are to negociate a higher price for bonus payout and Royalties.. I know in Bradford Co. many companies are paying out $4,000 pr. acre..I don't know the Royalties pay outs though..Its a nice low end, high end to work with..Access for Seismic testing is important, access for pipes is important, possiblities for wells is important too , in the things the company considers important to them.

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