Chevron Sells Acreage to Chesapeake
WHEELING – Although global oil giant Chevron is fracking in Marshall County’s Marcellus Shale, the California-based company has sold about 1,500 Ohio County acres to Chesapeake Energy.
According to documents filed in the Ohio County Clerk’s office, Chevron assigned 29 separate agreements to Chesapeake for drilling. The parcels range in area from as little as 1 acre to as much as 258 acres, with most of the acreage found in the northern portion of the county.
Chevron took over most of these leases from AB Resources, NPAR and TriEnergy Holdings in early 2011, records indicate.
To this point, only Chesapeake Energy has actually drilled Marcellus Shale wells in Ohio, Brooke or Hancock counties in West Virginia. Chevron, Trans Energy, Consol Energy, Magnum Hunter, Stone Energy, Gastar Exploration and several others join Chesapeake in working in Marshall, Wetzel and Tyler counties.
Chesapeake officials declined to comment. Chevron representatives could not be reached for comment.
Mineral owners who saw their leases sold from Chevron to Chesapeake, according to Ohio County records, include Bruce Parsons, William Rodgers, Wayne Wilhelm, Denise Knouse-Snyder, Steve Vargo, Bernard Stephen, Richard Lee Jr., Robert Allen, Charles Dedo Jr., Linda Sue Hohman, Shirley Knight, Glen Mencer, Harry Alexander, David Yahn, Harry Gantz, Howard Hatcher, Ruth Hall, Michael Fiorilli, August Hanson, Charlie Bliss, James Parsons, John Corbett, Daniel Nowotarski, William Railing, Kevin Kosem, Charles Poling, Edward Edge, Edward Groux and Ralph Richey.
As Chesapeake continues drilling and fracking wells across West Virginia and Ohio, the company has several successful wells to report. The driller acknowledged collecting oil and natural gas products in Ohio and Marshall counties.
However, some mineral owners continue to wait to receive royalty payments. One possible reason for delayed payments could involve the need to complete construction of pipelines to transport the natural gas and oil. Producers like Chesapeake are also somewhat dependent on processors such as Blue Racer Midstream, MarkWest Energy or Williams Partners having their infrastructure in place to deal with the gas.