get ready folks! - The HuntingPA.com Outdoor Community
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post #1 of 15 (permalink) Old 12-15-2012, 10:44 PM Thread Starter
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get ready folks!

Was told that the drilling industry is going to hit the fan after the first of the year. I guess things are suppose to get crazy. Water hauling is going to take off. Maybe I will be working more than 20 hrs. a week.

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post #2 of 15 (permalink) Old 12-15-2012, 11:07 PM
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Re: get ready folks!

Okay..don't really care?
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post #3 of 15 (permalink) Old 12-15-2012, 11:30 PM Thread Starter
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Re: get ready folks!

At least your honest, I like that...

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post #4 of 15 (permalink) Old 12-16-2012, 09:57 AM
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Re: get ready folks!

I'm hearing the same thing....
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post #5 of 15 (permalink) Old 12-16-2012, 10:21 AM
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Re: get ready folks!

I'm not sure you will see the numbers like last January due to gas prices. We have spent our 2012 budget so things generally do slow down at this time of year. Expect it to start up again in 2013. Hope you guys have another big year.

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post #6 of 15 (permalink) Old 12-16-2012, 08:08 PM
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Re: get ready folks!

true the gas price is to low and they to use gas in more ways in the usa this is from a cfo from shell and rex energy it will remain at this pase for awile
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post #7 of 15 (permalink) Old 12-21-2012, 03:48 AM
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Re: get ready folks!

A lot of leases will be up within the next year or two. Once the pipelines are complete you'll see an increase in drilling but also capping those wells to lock those properties that are coming due to the end of the lease. It will be busy for the haulers, truckers, pipe guys etc. but for the money coming from the wells you'll see a slow down..... therre haven't been any large increase in permitting applications so it may start happening later in the year......should be interesting to say the least.

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post #8 of 15 (permalink) Old 12-21-2012, 12:40 PM
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Re: get ready folks!

I heard that Chesapeake sold 30%+ of their existing leases in Sullivan County to a Japanese Firm. Speculation is that the Japanese won't let the leases expire, so some ground breaking will start in 2013.

All that is necessary for the triumph of evil is that good men do nothing. Edmund Burke
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post #9 of 15 (permalink) Old 12-29-2012, 03:52 PM
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Re: get ready folks!

Seems Cheesapeake has bitten off more than it can chew.....and the debt collectors are coming...possibly for you too..(this should get interesting)

http://uk.reuters.com/article/2012/1...8NQ2H720121227

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post #10 of 15 (permalink) Old 12-29-2012, 06:40 PM
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Re: get ready folks!

Add to all of that, the fact that CHK is taking deductions out of royalty payments, for gathering/transportation, and doing this on leases that clearly state they can not do that.
They are takeing over 40% of royalty payment for this. Multply that by all the royalty payments...$$$$$$$$$$

Think about the hit that will have on them when the courts decide they have to pay the land owners back. We are talking about Millions , posibly Billions by the time it's settled.
CHK seems to be running with a lot of smoke and mirrors when it comes to there finances.

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