Chesapeake Leases

[Raoul Duke]

I'll just leave this right here:

A group of oil and gas royalty owners, led by the Dallas,Texas law firm of Burns Charest LLP filed a civil class-action lawsuit this week in Oklahoma City federal court against others allegedly involved in the conspiracy that resulted in a federal grant jury indictment of McClendon on Monday.

http://okenergytoday.com/2016/03/royalty-owners-sue-chesapeake-sandridge-and-former-sandriddge-ceo-tom-ward/

 

[okietool]

I'll just leave this right here:



http://okenergytoday.com/2016/03/royalty-owners-sue-chesapeake-sandridge-and-former-sandriddge-ceo-tom-ward/

Were they buying minerals or leasing? I heard it was in an auction setting, but not if it was a lease or a sale. It probably doesn't matter, I'm just curious and lazy.

 

[Mad Professor]

State/school land is leased in a closed bid auction. There is a sales platform EnergyNet). There is an auction service for private owned leasing. However, it came into existence in the last year or so.

 

[Swab]

This post really made me think of the last episode of Better Call Saul. Did you film your TV commercial yet?

Ha! I thought of the same thing.

 

[Istandalone]

Ours were in 03 and 04, too old.