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Chesapeake continues activity with Statoil deal

Posted on 11/11/08 at 4:08 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 11/11/08 at 4:08 pm
LINK

Just because I know there's a lot of interest in CHK around her.
Posted by ElmGrove
Member since Jul 2008
55 posts
Posted on 11/11/08 at 10:01 pm to
k.:

thanks

i find it interesting that CHK continues to sell off leases in much higher percentages in other s plays than in the Hay s

cash short in sum but their future profit margins appear to be higher & of higher potential in NW La -- so they're holding on to the easiest deals, to the highest of future profit returns, i.e., in the bayou s
This post was edited on 11/11/08 at 10:02 pm
Posted by The Yetty
Member since Feb 2005
12542 posts
Posted on 11/12/08 at 2:35 pm to
This is great news. If people can hang in there on the gas business, then the prospects are going to be fairly bright, especially with the tough political environment surrounding coal. BTW, I work for Chesapeake in Fort Worth and this just ensured a merry Christmas for a lot of folks in terms of job security.
Posted by TigerFanatic1
Monroe, LA
Member since Aug 2007
2094 posts
Posted on 11/12/08 at 2:46 pm to
quote:

This is great news. If people can hang in there on the gas business, then the prospects are going to be fairly bright, especially with the tough political environment surrounding coal. BTW, I work for Chesapeake in Fort Worth and this just ensured a merry Christmas for a lot of folks in terms of job security.

Glad to see this is helping Chesapeake, I had heard a lot of rumors about buyouts the past few weeks. I was seeking a Production Foreman position with CHK a few months ago. I never heard anything back after I was contacted and told that my resume was being hand delivered with recommendation, I thought it may have just been a blessing in disguise.
Posted by The Yetty
Member since Feb 2005
12542 posts
Posted on 11/12/08 at 2:56 pm to
I am sorry to hear that, and I hope everything works out in the future in whatever endeavors you decide to follow. The cash from this acquisition is a giant step in the right direction.
Posted by TigerFanatic1
Monroe, LA
Member since Aug 2007
2094 posts
Posted on 11/12/08 at 2:58 pm to
It is all okay, I am still employed. I was just trying to get away from offshore.
Posted by The Yetty
Member since Feb 2005
12542 posts
Posted on 11/12/08 at 3:01 pm to
ahhhh
Posted by ElmGrove
Member since Jul 2008
55 posts
Posted on 11/12/08 at 9:57 pm to
TigerFanatic!:

Years back, I had some friends that paid their dues offshore. And since you wanna work onshore and not off, I guess what I heard about Chevron won't help you much. But anyway, I spoke to someone a few days ago, and it seems as though a relative of his is working for Chevron offshore. I think he said 14/14. Anyway, I don't know what the guy did or at what capacity he worked, but the word was he was making very good money (of course) and loved his job but would be retiring soon. And in these exceptional bad financial times, a good job with good money is hard to come by. Any savvy financial advisor would seriously hit you on the side of your head if you even were thinking about quitting a job these days, unless you had another job in the bag.
Posted by TigerFanatic1
Monroe, LA
Member since Aug 2007
2094 posts
Posted on 11/13/08 at 3:53 pm to
ElmGrove:

Thanks for looking out for me, but I am currently working 14/14 deepwater now. No need to hit me on the side of my head, I won't quit without having a job in the bag. Supporting the family is way more important than finding a job that will make me a little happier.
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