I'm leased through Chesapeake, but it seems all the activity in my area is happening through Hilcorp.

I'm leased through Chesapeake, but it seems all the activity in my area is happening through Hilcorp.  What happens with my lease?  Will I be left out of a unit?  Or will Hilcorp just buy my lease from Chesapeake.  I'm sure this is a question many of us are wondering.  I'm in extreme Eastern Springfield Township, Mahoning County, Ohio.  

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Permalink Reply by Big D on January 17, 2013 at 11:56am

I see where a couple of my neighbors' leases got assigned to "Total".  Is that just a CHK JV? We all signed the same lease at the same time, and half of my neighbors got moved to Total, the remainder of us are with CHK...  

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on January 17, 2013 at 5:55pm

Mahoning is part of the Total JV, so I'm not sure what the contract allows them to do or not do.  I do know that if Total is footing 75% of the drilling cost they'd be crazy not to exploit that eventually.

Permalink Reply by jason on January 18, 2013 at 1:55pm

Marcus,

My lease along with many of the leases in my township have been assigned to Total after initially signing with CHK. Do you think this is good news? I am only two years into my lease and so are most of my neighbors. I am in Stark County

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on January 19, 2013 at 4:31pm

That means you're part of the original JV.  Whether that's good news or not is above my pay grade.

Permalink Reply by Kathleen on January 20, 2013 at 4:19am
Here's the link to the columbiana records for anyone looking for it.
http://www.ccclerk.org/external/LandRecords/protected/SrchQuickName...
Permalink Reply by Jody Macklin on January 21, 2013 at 9:48am

Fang F Fang, Our lease is with Hilcorpe. Our neighbor is with Chesapeake and they are doing seismic testing down our neighbors yard as we speak. I know alot of our street signed with Hilcorpe so I'm quite curious who will be doing the flipping. I'm told Hilcorpe for sure is who will be drilling in our area.

 

Permalink Reply by Jody Macklin on January 22, 2013 at 7:41am

Fang, We are in New Middletown OH.  We have property on Struthers, Sycamore and Main. All leased.

 

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