Trumbull County, OH

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Things are heating up in Trumbull County and this is the place to talk about it. The Utica is looking more promising and, for better or worse, Trumbull County could be right in the middle of it.

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Renewed Leases in Trumbull County

by Tod

Oct 23, 2014

  According to the Recorder's office, Chesapeake's primary term (5 years) recently expired on about 500 acres in the NE corner of Trumbull and they "extended the option to renew" the lease for an additional 5 years. 

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    Berthenia Fuentes

    Can you tell me how to contact Chesapeake?  Thanks

    17

    Jul 24, 2015

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      jason irvine

      How much was the original lease for per acre and royalty. If it was on the cheap then I would say they didn't have much to lose to tie it down for another 5 years and see what happens. If it was for quite a bit of money and % the first time then I would wonder what they know.

      I hope they find the tech. To make the north viable. I believe the oil is there and they will figure out how to get the pressure up. The biggest hurdle is the oil price. As soon as it goes back up things will get better. Hang on guys. Most of us are pulling for u

      Jul 25, 2015

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        Sage59

        There is definitely more to the local oil and gas story, and skepticism is the only defense. As for cynicism, read this article about Houston-based Halliburton(NYSE: HAL) and Houston-based Schlumberger Ltd. (NYSE: SLB).
        http://www.bizjournals.com/houston/blog/drilling-down/2015/07/halli...


        Yea. Go American Energy Independence. Let's help Iran to compete directly with our development, and to get the money to, ----- to what?  We wouldn't help Iran to get the money to buy arms and shoot at our soldiers? We couldn't possibly do that to the brave people who protect us around the world each and every day. We wouldn't help Iran to get the money to further develop Nukes, they gave us their word they wouldn't, that should be good enough. Go lend a hand Texas based HAL&SLB. You know that money won't do America any harm.
        You've got to look for the good in things to make it all worthwhile, but to not balance that with a skeptical eye is dangerous. I'm with you Joseph.

        2

        Jul 26, 2015