Replies to This Discussion

Permalink Reply by MARK NEEL on May 19, 2012 at 11:17am

I know who the China partner is. TipTop Energy Production LLC has no HBP or old leases in Licking or Knox County.  There was an old company in 1976 (TipTop operating) that went bank rupt with 1 lease).  I see TipTop Energy Production LLC has now been signed into a partnership with Devon.   

Permalink Reply by 1w1vl8clda7t4 on May 19, 2012 at 11:27am

Yea...and tip top will have a 33% working interest in every well they drill...they front 33% of the production cost for a 33% return on the well. Devon isn't going anywhere...there just spreading their risk.

Permalink Reply by MARK NEEL on May 19, 2012 at 11:37am

So, back to my original question. Is this the China Company under a US name or does Devon currently only have 33 % interest?  Does this show up on Devon Ashland County leases?

Permalink Reply by 1w1vl8clda7t4 on May 19, 2012 at 11:44am

The only China partner that I'm aware of is Sinopec...but who knows, and does it really matter. Your not going to control who Devon or any other Driller does business with. The only Tiptoe Energy Production LLC I could find is in Houston Texas...could they be a China shell company incorporated in the U.S....sure. I'm speculating here but I highly doubt that Devon has the short end of the stick...meaning Tiptoe has the 33% interest.

Permalink Reply by MARK NEEL on May 19, 2012 at 11:52am

Wow, sorry I asked, Mr. Junkie.  I will look. 

Permalink Reply by ljmi on June 1, 2012 at 10:58am

Tip Top energy is based in Hong Kong ,so they must be the Chinese Partner of Devon.

 

Just google Tip Top Energy

Permalink Reply by 1w1vl8clda7t4 on May 19, 2012 at 12:40pm

Devon is having a conference call on Monday morning, if you can't catch it will be available on their website under investor relations, maybe they will shed some light on who Tiptoe is and go into detail about their partnership structure. Sorry I couldn't be more help.

Permalink Reply by MARK NEEL on May 19, 2012 at 4:48pm

Devon's partner has an office in Cleveland.

TIPTOP ENERGY PRODUCTION US LLC

1300 East Ninth Street

Cleveland, OH  44114

Phone: Not Available

Acquired: 03/2012 from Ohio Secty of State

Edit This Listing

Permalink Reply by 1w1vl8clda7t4 on May 19, 2012 at 4:54pm

That's interesting...it might be a Devon shell company. Chesapeake Energy has a few shell companies they use here in Ohio.

Permalink Reply by 0i7okn54zwbdo on June 2, 2012 at 4:36pm

Tip Top is Sinopec's US subsidiary.  The assignment is part of the five play deal that DVN did with them this year.

Permalink Reply by 1w1vl8clda7t4 on June 9, 2012 at 5:01am

Here is a collection of pictures from the Eichelberger Well Site:

http://sdrv.ms/LeXkFa

Permalink Reply by Pipe Line on June 9, 2012 at 4:16pm

Junkie,  nice pic's but a little old, I think they are flowing that well now.  Seems like that well has stalled out.

 

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