Chesapeake releasing in Tuscarawas county, Ohio

Does anyone know if Chesapeake is resigning leases in Tuscarawas county, Ohio???
Our lease is up in October. Thank you!

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Permalink Reply by bo boboski on February 3, 2019 at 1:40am

They sold out to Encino. It'll be up to the new owners. they assumed all those leases and will have the option to extend. I look for them to do that,but will try to amend those leases to far less desirable language for the landowners. They may just let them expire,then wait a while so that landowners think that anything they offer on new leases may be better than nothing.They are looking 10 years down the road.

Permalink Reply by Stephen W. Albery on February 3, 2019 at 6:37am
Thank you!
I've heard that Chesapeake was keeping the leases in Tuscarawas county, but then I also heard that Chesapeake sold all leases in Ohio. Confusing!
Permalink Reply by Gary L on February 20, 2019 at 8:59pm

Link below about Encino acquiring Chesapeake in Ohio.

  https://www.wksu.org/post/new-energy-company-utica-shale-headquarte...

Gary L

Permalink Reply by bo boboski on February 20, 2019 at 11:36pm

Thx for the news. Lets hope they haven't adopted any of Chesapeake's landowner relations tactics.

Permalink Reply by Tusc-county-man on February 21, 2019 at 2:26am
in the end.......it seems all companies get greedy and start taking deductions not specified in the leases.

I have old Clinton gas wells........they did the same thing a couple years back.....started taking Gas tax and Severance and gathering taxes.....
Permalink Reply by Gary L on March 24, 2019 at 6:34pm

Appears that Encino will target Columbia, Jefferson, and Harrison Counties in Ohio 2019 according to this article.

https://www.ohio.com/news/20190308/encino-energy-shooting-for-stabi...

Permalink Reply by bo boboski on March 24, 2019 at 10:06pm

Sounds like they are going after the gas,not oil. where they can get it into a pipeline immediately and make the most $ as soon as possible.

Permalink Reply by dave smith on April 5, 2019 at 6:39am
Watch out for Chesapeake big trouble in Pa.and the rest of where ever they are.
Permalink Reply by Ralph cramdon on April 5, 2019 at 2:05pm

Why is Chessie in 'big trouble " ? 

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