industry resident

Landowner

Profile Information:

Introduce Yourself
watched people around here selling rights since 2006. Sold mine recently now it seems i am surrounded by wells.
Which state(s) are you following?
Pennsylvania
What shale plays do you follow?
Marcellus, Utica

Comment Wall:

  • craig

    OK, just spent some time deciphering the paper trail:) EIG is a very large US based ASSET Management Company, here's their website with news related info....http://www.eigpartners.com/  . 

    Basically the company Jamestown Resources, headed by the CEO of CHK  Clendenon, that I believe holds his interests in some or all of the shale plays. I'd say he used his % ownership of each well listed in our courthouse papers to borrow money personally to shore up his own finances. He has done this many times before. There is no real downside locally as the paperwork seems to convey his royalty rights to EIG for an undisclosed sum.

    Hope this helps. So it isn't CHK borrowing it is Clendenon selling his interests.

    Sep 4, 2012