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  • Will Chesapeake Energy's Actions To Support Natural Gas Prices Help? [View article]
    Again, Investor1111,
    First, no one in the Haynesville Shale rush got news until 3 + years after "land grab" started...ergo...no one had pugh clauses. moot point.
    Second...HA is on all permitted Horizontal Haynesville Shale wells. Look at Sonris for CV, LCV, Hosston, etc., Look at "Organization ID" per who began the "land grab" by Vertical well drilling..... J-W Operating, Camterra, etc., etc., etc. The Vertical drilling to HBP was going on 3+ years through today, and then comes the "flip." I know, I live right in the middle of it. Ten Verticals were drilled by Camterra within my Township/Range...and then flipped when the HS news hit, for Horizontals.
    Horizontals are still being drilled, but the CV permits are hitting high for 2012.
    The only early HBP properties where those that had active wells, and NONE, I repeat, NONE, of those leases had pugh clauses...And none got bonuses or new leases. They have had to live under old leases, just as those mineral owners in PA, OH, WV, etc. have had to do.
    People in the 90's, up to today even, haven't every heard of such a thing. My neighbors, like many many others just signed a "lease." Never read it, just heard "bonus," and signed. That's how the majority of mineral owners got/get suckered.
    You cannot get the "full" pic by spending a couple of minutes on the Sonris site.... You obviously don't own acreage in the Haynesville Shale, or any shale play, and you obviously aren't a royalty owner, or you would know how wrong YOU are.
    NW Louisiana and East Texas have had more Vertical wells drilled over the past 100 years than one can count...And, Horizontal well drilling is going along right along side them. Verticals/Shallow Horizontals/Deep... The majority of land here was already HBP'd by Producing Verticals or the 10 year prescription. Verticals are back in vogue per $2+ nat gas prices...
    Respectfully,
    DrWAVeSport Cd1 2/10/2012

    P.S. The Haynesville/Bossier Shale Play is effectively now over @ $2+ nat gas. Those who didn't get "drilled" won't get their leases renewed. The HS units have been formed. Other drilling is now on the radar in NW LA and East TX...
    Feb 10, 2012. 08:37 PM | Likes Like |Link to Comment
  • Will Chesapeake Energy's Actions To Support Natural Gas Prices Help? [View article]
    Investor1111,
    You are totalllllly wrong per HBP in the Haynesville Shale. Permits are going right and left for "Vertical" wells.... to hold acreage. These are being classified as "unit" wells... unit 640 acre sections. These wells will be drilled into the CV, LCV, LBD, etc. Take a look at NW LA permits @ LA Office of Conservation... And, then tell me different. They will come back and drill a horizontal well...when $$$$'s warrant. Until then, they HBP for 10 year prescription in Louisiana...doesn't matter what they produce.

    In fact, at the beginning of the Haynesville Play...Before the cat got let out of the bag... ALLLLLLL sections being drilled by smaller independents where verticals...to HBP! Then they flipped their properties to the Big Boys... and, the Horizontals were drilled. Most areas of NW LA, East TX...FYI...Have mega numbers of Verticals drilled in them, prior to the "Shale" Nat Gas Rush of 2005!
    Feb 8, 2012. 03:16 PM | 1 Like Like |Link to Comment
  • Will Chesapeake Energy's Actions To Support Natural Gas Prices Help? [View article]
    They will hold leases They want/need by drilling verticals instead of horizontals...
    FYI, CHK sent out the following notices to all CHK ROs, ORIs, and WI Owners:
    To: CHK Royalty, Overriding Royalty, and Working Interest Owners:
    Re: Offer To Acquire Additional interest in CHK Properties

    "CHK is actively pursuing the acquisition of additional interests in CHK's wells. Additionally, CHK would also have an interest in acquiring your non-CHK interests in the Mid-Continent, Fort Worth Barnett Shale, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast, Ark-La-Tex and Appalachian Basins."
    (These were in the Haynesville Shale CHK statements also.)
    What gives????? Now where is CHK going to get the cash they don't have...for this buy-back?
    Since royalty owners aren't getting the kind of royalty check $$$, CHK and Other Shale Players (in the early phases of plays) touted... And many more aren't receiving a dime these days... I guess CHK is going in for the "kill," and pick off those who want cash up front, not wait on nat gas prices.
    Very interesting indeed... Cannot wait to hear Mr. Chesapeake and the Gang's 2011 4th Qtr. Conference Call!!!
    Feb 7, 2012. 10:38 PM | 1 Like Like |Link to Comment
  • CenterPoint Energy: A Safe 4% Yielder For The Next Decade [View article]
    Retired from CenterPoint's former Parent...Arkla Gas Co/NorAm Energy...Now CNP. Owned by Houston Industries now, sure wish the stock price would improve or look something like it did "in the good ole days"... when I worked there... Wishful thinking I think. Dividend helps the 401K, but that is just about all it helps. IMO
    Feb 3, 2012. 05:48 PM | Likes Like |Link to Comment
  • Natural Gas Prices Hit Multi-Year Lows: Winners And Losers [View article]
    Investor1111... If nat gas prices remain in a downward pose... IMO CHK will be unloading a "shale" or two more in 2012. Which ones??? CHK's nat gas shale investments are Billions. 2012 does not look good for US here in the Southern Nat Gas Shale Plays...
    Jan 18, 2012. 11:53 PM | 2 Likes Like |Link to Comment
  • Natural Gas Prices Hit Multi-Year Lows: Winners And Losers [View article]
    CHK stock price solution: Relegate CEO McClendon to only handling his FWPP (Founder's Well Participation Plan) program and only managing HIS Multi-million dollar private "investment" of 2.5% working interest in EVERY WELL CHK DRILLS. Put him out to pasture with his Uber-Wealth and he can drink all day long from his Million Dollar Aubrey McClendon Wine Collection while gazing at his $20 million map collection... Sounds good to me. I'd take that job...LOL
    Jan 17, 2012. 05:29 PM | 5 Likes Like |Link to Comment
  • A $2 Billion Deal With Total The Latest Update For The Chesapeake Energy Joint-Venture Scorecard [View article]
    Total's Australia Deal makes CHK's look like chump change! CHK has to do one thing. Fire CEO. Stock will rise immediately. And, probably nat gas prices along with it. Get that guy out! He was great when CHK was "private." But "public" he cannot run like the "private" CHK, and yet he continues to do so. Two different animals! And CEO is riding the "public" horse into the ground, while "privately" held CHK horses he keeps well fed and re-"producing" for more "privately" held profits. CHK stockholders (not "unit" holders) are getting hosed, and CEO is 100%responsible here. CHK common stockholders have been systematically left holding an empty "feed" bag! This company now serves the JVs, the VPPs partners, the Master Limited partners, the Finance companies...and, Mr. Chesapeake.
    IMHO...
    Jan 17, 2012. 04:55 PM | 3 Likes Like |Link to Comment
  • A $2 Billion Deal With Total The Latest Update For The Chesapeake Energy Joint-Venture Scorecard [View article]
    Agree with "harry johnson." CHK is so debt ridden and so mortgaged, CHK would have to beg one of the Majors to even speak to them. CHK's CEO won't ever go there, too much of the "megalomaniac" syndrome in him, IMO. I'm not sure any of CHK's multi-partnerships really know just what the "fine print" reads like per their own deals, let alone every other financial financing deal CHK's CEO has made in the past 10 years. The fees, underwriting discounts, commissions, structuring fees, expenses, over-allotment options, CHK's never-ending "2%" override deals, interest, borrowings, etc., etc., etc.,etc., are absolutely proof that CHK is juggling 100 financing "balls" at a time. I defy any financial analyst out there to do a real "forensic analysis" on CHK and its conglomerated mess of Aubrey McClendon's "slight of hand" company tricks and trades. CHK moves around its assets from one LLC to another MLP to a LP to a JV to collateral for Banking/Brokering deals that make one's head spin. Who actually owns what around CHK?????
    They double dip at every turn. IMO, no one knows CHK's true financial picture. Smoke and Mirrors... And, hype!
    P.S. CHK needs to erase the $5, $6, $7/mcf models it continues to use as "proof" for their imaginary "numbers" they produce in their financial presentations... It is now one sad, pathetic joke on their investors and stockholders!
    Jan 4, 2012. 05:16 PM | 2 Likes Like |Link to Comment
  • A Michigan court case brings to light the tricky tactics used by Chesapeake Energy (CHK) (and others, no doubt), to shield its identity and get out from under unprofitable drilling leases. Legal experts have their eye on the case as Chesapeake's actions could indicate a strategy of not planning to honor its agreements - turning a clever maneuver into an illegal one.  [View news story]
    Typical Aubrey McClendon... "The Man Who Would Be King," is showing his true nature. This "shale" shell game has been a staple of CHK's land grabs in every play. In NW Louisiana, in Sept.2008, when Mr. Chesapeake lost his $%&**** and all his CHK stock (on margin calls), CHK left many mineral owners high and dry just hours before bonus moneys where to be delivered. Nice to see things haven't changed. IMO, the most perverted sense of "business as usual" is being demonstrated by this company and its "top" decision maker(s). If CHK Energy Corp. is as "healthy," and as "uber-rich" with future "funding" and O&G "finds"...as Mr. Chesapeake pontificates at every investor/banker presentation he can find... Then why seek to routinely dupe the very land/mineral owners who are willing to join Chesapeake Energy with the same goal/business of creating wealth and profits for CHK -- and who in turn -- have/are given/giving Mr. McClendon the very wealth/profits his company desperately needs to pay down debt and prosper?????? This is why CHK's very livelihood, its very business life is tainted with deception and distrust, and Mr. McClendon is at the center of it all.
    He will never be the right spokesperson for a rebirth of U.S. energy independence or as the champion of a new American O&G Industry.
    Duping and Destroying Americans' sense of fair play through the use of shady business practices is what got us into the Sept. 2008, world-wide Depression and Destruction of financial stability and trillions of dollars worth of Americans' equity and assets.
    For Mr.Chesapeake to continue these same practices (after having been "burned" in 2008 from the same business practices) is reprehensible conduct, a reflection seen in CHK's stock price.
    Dec 28, 2011. 09:29 PM | Likes Like |Link to Comment
  • 7 Stocks Missing The Mark Ready To Double [View article]
    tfree33,
    They have "figured" it out. CHK's McClendon's promises and predictions (still guesses, hunches and McClendon-issued valuations) are 100 times greater than its proved assets. And CHK's debt load is Billions of dollars (at high interest rates) greater than any other Corp. wants to get near right now. And, bottom line, CHK's McClendon rules "HIS" world, and Smarter/Wiser Heads will wait until Mr. Chesapeake begins to look vulnerable and they begin to see him sweat.
    Time will tell if Mr. Chesapeake remains or reigns.
    Nov 21, 2011. 03:28 PM | 1 Like Like |Link to Comment
  • Chesapeake Energy Is Getting Cheaper [View article]
    NI,
    Don't be sorry. You have every right to your opinion. It's just not mine, and I sit up close and personal with CHK. I own the "product" from where the "stock" is made. Apples and Oranges here.
    First, mineral owners own 100% of their minerals. CHK takes 80+ percent of those minerals (per lease agreement) and then has the *&^%*$@# to charge their Lessors another 8 to 10 to 12 percent more from their royalty checks...without disclosure... Excuse me, with quite a bit of public arm twisting, CHK has recently decided to/ listed some deducts (not speaking of taxes here) on royalty (mineral) owners' checks.
    Let's see..How about your broker sending you your monthly account statement without disclosing his charges? And, then your wonderful broker, when asked for a breakdown of charges, tells you it's none of your business, you can't make me, and that info is proprietary information for his business. Not so funny when the "shoe" is on the other stakeholder/accounting for "foot?"
    I worked in O&Gas for years, and I have never seen such blatant gouging of royalty moneys, gorging CapEx charges, and aggregeous abuses of reporting to CHK "stakeholders."
    Without mineral owner "stakeholders", NI, you don't have any CHK "stockholders."
    History...Before the shale rush, several years before, CHK and others came in to NW LA and NE TX, using "pseudonym names" and began a leasing frenzy that low-balled mineral owners to the tune of $10, $20, $50, etc., an acre, before the mineral owners had a clue as to what they were sitting on. And, CHK and other Lessor O&G companies told mineral owners, "All's fair in love and leasing." That was just the first "HOODwinking" mineral owners took to the ole' pocketbook. Then when the shale cat was let out of the bag...and leasing began to reach equitable $/acre, the 2nd Great Depression hit, Sept. 2008, and those who had "signed" leases in August and
    Sept. 2008 with CHK were told "goodbye." CHK decided not to honor those leasing contracts, leaving thousands of Lessors in the shale rush dust. You see, CHK had already leased hundreds of thousands of acres for a little more than nothing in every section and county/parish they had been prowling around for the past several years, again, not as "CHK," but as "CHK dba aliases' names." CHK didn't "need" to honor those late leases. They would pick them up for nothing if and when they had to later down the shale line. And, mineral owners were scammed out of millions, on the front end.
    "Your income is CHK's cost."
    What a crock. Again, how about your broker expressing that same sentimental @#$@#** to you, Mr. NI. "Your income, Mr. NI, is my cost." Ouch...
    If you think/believe that CHK doesn't employ the same "skills," or let's say, same "sets of standards," to their "shareholder," then good luck to you and enjoy the ride.
    I, on the other hand, think/believe that the last one on that CHK "food" chain ride is the CHK "shareholder." And, CHK is eating them and you...for lunch.
    BTW, if you get nosey or interested. Chk out CHK's 3rd Quarter 2011 Analyst's call. Very interesting discussion with JP Morgan's Joe Allman and CHK's CFO Dell'Osso and CEO McClendon. A great example of just some of CHK's skills at "hedging" per CHK's CapEx accounting/numbers.
    Maybe you're right, Mr. NI... Maybe CHK's common stockholder does "undoubtably appreciate that the company drives a 'hard bargain' with mineral/royalty owners." Looks like CHK "drives a 'hard bargain' with" their shareholders as well. What a "bargain" basement price. That's just what every stockholder loves to hear. LOL
    Nov 13, 2011. 01:44 PM | Likes Like |Link to Comment
  • Chesapeake Energy's CEO Discusses Q3 2011 Results - Earnings Call Transcript [View article]
    Kudos to JP Morgan Chase's Joe Allman, for asking the CapEx questions per CHK's 3rd Qtr. 2011 changes, and for not being detered by CHK's Dell'Osso, McClendon through their obvious attempts to obfuscate and derail Mr. Allman from pursuing direct answers. I had to laugh. I haven't heard that much "hedging" by a CFO and CEO in an earnings conference call/reporting in a long time. Why did CHK 'change' the way they report "drilling and completion" costs? In the 3rd Qtr.? Maybe CHK felt like a change, something new, wanted to look a little more hip, or just needed a little CapEx attention. SURE! Why did CHK leave YR end CapEx at $6 to $6.5 Billion when CHK spent at least $5.3 billion year-to-date? As JP Morgan Chase's Allman pointed out, that leaves $.08 to $1.3 Billion for 4th Quarter CapEx. What, CHK plans to shut down operations for a couple of months at year end? Maybe taking a long Christmas holiday vacation, beginning in November? SURE!
    How far back is CHK going to have to restate CapEx? What's going on here? CHK has always reported "drilling +completion+equipment costs" with "lease operating costs" added for "total expenses" on a CHK nat gas well AFEs. Then, CHK takes "revenues "MINUS" or 'net' of the same 'lease operating costs' number and subtracts that total from the 'total expenses' number (which remember, already includes the 'lease operating costs'), and calls that number 'total revenues' on another document, and says this form of accounting (total expenses minus total/net revenues) equals "well payout/unrecovered costs." The worst, however, is when CHK states on Qtrly Report document that "the costs of drilling, completing, and equipping the ____ well" (a nat gas well) were $8.1 million--and, on the next Page of Qtrly Report (Payout Statement), CHK's number for "the costs of drilling, completing, and equipping" (same nat gas well) total $7.9 million. Same reporting period, same nat gas well. The $ difference in "well payout balance" is the difference between a payout balance of $807K vs. a payout balance $575K, at 3rd Qtr. 2011.
    CHK CapEx costs, IMO, are so grossly "spiked" ( to use CHK's Dell'Osso's wording) that a CHK's well payout status numbers are factual misrepresentations of the true numbers on many accounting for levels, in an effort to withhold an incorrectly accounted for/larger portion of mineral owners' moneys than is CHKs share of a well's proceeds.
    I hope Mr. Allman, of JP Morgan Chase, will follow-up with his questioning of CHK's CapEx reporting. Thank you, Mr. Allman, for asking financial questions of CHK that still need to be answered in full without all the "hedging." CHK's CapEx reporting is a great mythical mystery to many.
    Nov 7, 2011. 04:41 PM | Likes Like |Link to Comment
  • Chesapeake Energy Is Getting Cheaper [View article]
    As stakeholders of Chesapeake Energy, et al, we suggest that no one buy this stock until CHK's CEMI, CHK's Midstream Partners (CHKM) and the many other McClendon feeder companies, e.g., Chesapeake Louisiana LP, Chesapake Energy Louisiana Corp., etc., fully disclose the hidden expenses/charges CHK passes along to its mineral/royalty owners, that cause Chesapeake mineral/royalty owners to be paid up to $1/mcf less than ALL other O&G payors. Chesapeake is cheating their royalty owners out of millions, imo, and pocketing these moneys for their Corp. insiders enrichment. Wake up Wall Street. Things need to change at the Corporate level of Chesapeake.
    Sep 24, 2011. 11:44 AM | Likes Like |Link to Comment
  • Chesapeake Energy Is Getting Cheaper [View article]
    Some analyst somewhere, preferably during 3rd Qtr. Conference call, needs to ask Mr. McClendon why Chk royalty owners receive the lowest $/mcf on their royalty checks than from any other O&G company? It doesn't matter what shale play, oil or gas, Chk pays the lowest royalty money, to the tune of approx. $1 less per Thousand-cubic-feet of gas. Chk won't answer any questions as to why the largest Guy on the block pays the least? This happens across the board, every land section, every unit, every well, every reservoir, every field, every check, every month. The price is always the lowest and, statistically speaking, that can't occur without manipulation. Chesapeake Energy has a horrible relationship with its stakeholders, shareholders and royalty owners. Mr. McClendon does not give a $%^%&$##**. Chesapeake royalty owners have been asking for "transparency" and a thorough break-out of expenses/charges against royalty payout on check stubs, but all they get is NOTHING! Something is sooooooo fishy it stinks to high heaven over at Chesapeake Energy. Final answer I heard: Chesapeake doesn't care what wellhead price they get for nat gas, "they" make "their" money by hedging. Anyone thinking of doing a deal with Chesapeake Energy and Mr. McClendon (who gets his 2.5% from every well) needs to think again if they want to get the best $/mcf out of their mineral royalty. The marketing arm CEMI of Chesapeake Energy is #$%^*! the royalty owner big time. This company IMO is out for insider profit taking and that is all it is looking after. Wake up Wall Street! Royalty owner pay is just one fish of many stinkin over at Chesapeake Energy!

    The one thing right about this article is the "cheaper" part! Cheap-er-skate Cheasapeake!
    Aug 30, 2011. 12:55 PM | 1 Like Like |Link to Comment
  • Chesapeake: The Lost Decade [View article]
    Haynesville Shale royalty owners leased with Chesapeake are unhappy too. Seems Chesapeake pays on average $1 per mcf less than all other Nat Gas Producers pay out in royalties in this play. Consensus around here, and advise for others, don't sign a lease with Chesapeake. You will consistently receive the lowest price for your nat gas mineral royalty. Think before you sign on with Chk. It's a life long contract. P.S. Chesapeake doesn't show any info on its royalty stub that accounts for why this is happening with only THEM and no other Producer/Payor in the Haynesville (?)
    All are producing, gathering, transporting, etc. the same nat gas from the same reservoirs, same fields, same pipelines, same depressed prices... How is the 2nd Largest Nat Gas Producer in the U.S. getting away with paying the absolute lowest $/mcf?????
    No one's talking... CEMI maybe?
    Aug 17, 2011. 11:29 PM | 1 Like Like |Link to Comment
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