tag:blogger.com,1999:blog-1149283829854298377.post4106756453784828200..comments2024-03-29T08:13:26.665-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): Chesapeake To Sell Its Bakken Acreage -- UnconfirmedBruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1149283829854298377.post-52521390018967635612013-03-03T18:50:07.538-06:002013-03-03T18:50:07.538-06:00Your comment made me think of a new poll. Thank yo...Your comment made me think of a new poll. Thank you. Hopefully I will have the poll up later. Getting ready to watch "Columbo."Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-86504602002838164732013-03-03T15:40:11.748-06:002013-03-03T15:40:11.748-06:00i do know some of the leases where chk drilled exp...i do know some of the leases where chk drilled expire this month on a the three year lease but do have the option to renew one year at a time with a total of five years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-85306135823552690672013-03-03T10:33:29.697-06:002013-03-03T10:33:29.697-06:00I haven't checked yet today, but it's inte...I haven't checked yet today, but it's interesting, it's been a good 48 hours since the original story, and there has been no confirmation in mainstream media regarding this story.Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-42043880976606091592013-03-02T20:59:37.419-06:002013-03-02T20:59:37.419-06:00CHK said the WB land was for sale in Feb. A littl...CHK said the WB land was for sale in Feb. A little may be worth a lot, and a lot worth a little. <br /><br />CHK is offering their Northern Eagle Ford, which has big production. Far more valuable. Maybe the analyst wasn't listening.<br /><br />Sinopec doesn't buy to operate onshore in the US. Chinese won't buy WB to operate. <br /><br />MS was originally marketed exclusively to Asians. US government didn't approve.... until after the election. CHK marketed to US companies, but gov't finally approved Sinopec.<br /><br />CNOOC is in JV in Eagle Ford and Niobrara, but seems to be selling when CHK sells. No indication that they will buy what CHK sells.<br /><br />anon 1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-66112469209103041712013-03-02T20:24:30.012-06:002013-03-02T20:24:30.012-06:00Most of the wells CHK drilled were a complete bust...Most of the wells CHK drilled were a complete bust. How much time is left on their leases?<br />How about 427,000 acres x $5.00 = $2 million.<br />Most of the value in their holdings would be in the equipment you would salvage before plugging the holes they are leaving behind.<br />I have heard mineral owners in NW SD talk about the pugh(sp) clause. If there is another formation that has potential, do they have leases for that? And if so they probably do not have much time to identify what will work to exploit that formation, then get it held by production. <br />427,000 acres divide by 1280 = 333 wells drilled in pretty short order if they have 5 year leases.Anonymousnoreply@blogger.com