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chesapeake energy

Chesapeake Continues Fight with Mineral Owners

by Elizabeth Alford on August 12, 2015

In June, the Texas Supreme Court sided with mineral owners when it ruled that Chesapeake Energy had improperly deducted postproduction costs from the mineral estate owners’ natural gas royalties. Related: Chesapeake Before Texas Supreme Court The victory was short-lived, however, and Chesapeake attorneys filed an appeal this week asking the court to withdraw its opinion […]

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Chesapeake Energy has come under increased scrutiny in recent months for allegedly defrauding Pennsylvania mineral owners. The Wall Street Journal reported in March 2014 that some mineral owners are seeing deductions of more than 35% on their royalty checks! The publication compared the royalty checks of Pennsylvania mineral owners and found that Chesapeake’s lessors had […]

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Chesapeake Energy is slashing natural gas spending and re-directing rigs and capital dollars toward liquid-rich plays like the Eagle Ford and Utica shales. Chesapeake is also planning shut-ins of 0.5 Bcfd and will increase that amount to 1 Bcfd if prices don’t begin to recover. The company is targeting a natural gas rig count of […]

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No Bank Sight Draft = No Cold Draft | Leasing Shell Games

by Kenneth E. DuBose on January 6, 2012

We don’t accept Bank Sight Drafts. I can’t say I never have, but I don’t make it a practice.  If your land is highly prospective, you can bet they’ll do their research first and will have money in hand. When you sign a bank draft you are allowing a company that might or might not operate […]

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Chesapeake’s Utica Shale Well Results Impress

by Kenneth E. DuBose on September 28, 2011

Chesapeake’s Utica Shale position spans more than 1.25 million acres in Ohio and published well results indicate the company has stumbled upon an impressive shale formation. In the oil and wet gas portions of the play in Carroll and Harrison counties, the company reported initial production rates of 1,500 to over 3,000 barrels of oil […]

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CHK’s Aubrey McClendon Hails the Marcellus, Natural Gas, Fracking

by Kenneth E. DuBose on September 15, 2011

Aubrey McClendon of Chesapeake spoke at a conference in Philadelphia last week and had several great statistics to share: Marcellus natural gas development generated $11 billion in value-added regional gross domestic product last year. That number will rise to $13 billion in 2011 and reach $17 billion in 2015. For our part, Chesapeake has 2.4 […]

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Chesapeake’s Capital Spend Signals Better Natural Gas Prices

by Kenneth E. DuBose on September 13, 2011

Chesapeake Energy’s shift to oil might be an indication of better natural gas prices in the future. The company operates close to 20% of the U.S. onshore rig count and is a good sample set. With on 25% of capital spend allocated to natural gas in 2012, the hope is natural gas production will stop […]

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Hess – CONSOL Energy Enter Utica Shale JV

by Kenneth E. DuBose on September 7, 2011

Hess and Consol Energy have entered a joint venture (JV) in the Utica Shale of eastern Ohio in a deal worth $593 million. Hess will pay Consol $59 million upfront and then carry drilling costs up to $534 million over the next five years for a 50% interest in almost 200,000 acres in East Ohio. […]

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Forced Pooled or Left Behind by Chesapeake – Barnett Shale

by Kenneth E. DuBose on August 26, 2011

Force pooling is often debated in practice, but you’re always better off to be forced pooled instead of left out completely. A family in Johnson County, TX, simply leased to a reputable operator (Devon Energy) and another reputable operator (Chesapeake Energy) leased more and put together a drilling unit adjacent to their property. When the […]

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Chesapeake Opens Canton Ohio Office

by Kenneth E. DuBose on August 24, 2011

Chesapeake Energy has already opened a field office in downtown Canton, Ohio and plans to grow the office further to help run the company’s Utica Shale operations in the area. The Stark County, OH facility will likely serve several of the neighboring counties such as Carroll County, Columbiana County, Mahoning County, Tuscarawas County, and possibly […]

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