Chesapeake renewal

Lease is up this fall. 5 k/acre. Just curious, I know things are bleak for Chesapeake, but just wondering if anyone has any recent experience with lease getting renewed or not getting renewed?

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Permalink Reply by John on February 16, 2016 at 5:35pm
Carroll county Ohio for what it's worth
Permalink Reply by jr on February 17, 2016 at 3:10am

Sullivan county Pa. renewed last january

Permalink Reply by richard campbell on February 17, 2016 at 5:42am

i am in mahoning co..lease is up in 1 hr..no response from chk..when i called it seemed they were pulling out of the area..23 acres..

Mike MurphyPermalink Reply by Mike Murphy on February 17, 2016 at 6:13am

the northeastern area is not economical to develop and it wasn't economical before the big price drop and it wont be worth drilling for a very long time .........there will be alootta leases not renewed in trumbull Mahoning and Ashtabula counties .......there is no well yet drilled in Ashtabula and trumbull and Mahoning have a bunch of duds drilled in them....... they're out of the pickle there are enough hbp acres in these counties to keep a stake in the area that they need not renew the non HBP acreage to come back years down the road and release those acres for a lot less BP and Shell got out of there and never looked back and when the big dogs run it wont be long for the pups to follow

Permalink Reply by Philip Brutz on February 17, 2016 at 5:58am

Which state, county, township are you in?

Permalink Reply by John on February 17, 2016 at 5:59am

carroll county ohio. Fox township

Permalink Reply by Booger on February 17, 2016 at 8:27am

i would say you have a good chance in that township.....especially with sizable acerage

Permalink Reply by John on February 17, 2016 at 8:28am

thanks. it is roughly 125 acres

Permalink Reply by Joseph-Ohio on February 17, 2016 at 8:46am

Much luck John.

Alot of variables affecting everything gas and oil development related these days.

Politics / Surplus / etc., etc.

Permalink Reply by Philip Brutz on February 17, 2016 at 9:11am

It looks like you are in a decent area.

Permalink Reply by John on February 17, 2016 at 11:36am

thanks for this map! Excuse my ignorance, but what do the different color dots mean?

Permalink Reply by Joseph-Ohio on February 17, 2016 at 12:02pm

Good question.

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