Current Events/News Releases

Today Carrizo Oil & Gas announced that it is entering the Utica Shale Play by way of a Joint Venture with Avista Capital Partners. There are 15,000 acres involved and Carrizo is paying $1,500 per  acre for ONLY 10% interest. You do the math. What would the value per acre be for 100% interest?

http://www.msnbc.msn.com/id/44727794

Randy

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Replies to This Discussion

Permalink Reply by Randall P King on May 30, 2012 at 10:31am

Here's an excellent update on Chesapeake, and their possible takeover  by a major. See the link...

http://www.bloomberg.com/news/2012-05-30/chesapeake-valuation-seen-...

Randy

Permalink Reply by Randall P King on June 4, 2012 at 1:05pm

Gulfport Energy has provided an operational update on their website. See the link...

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=679457

Randy

Permalink Reply by Randall P King on June 4, 2012 at 11:05pm

You read it here first. Big news, Chesapeake puts two large blocks of Ohio leases up for bid. Looks like they only will hold the sweet spot counties for NGLs. See the link...

http://www.meagheradvisors.com/resources/project/Chesapeake%20Utica...

Randy

Permalink Reply by Marcus Grayson on June 5, 2012 at 12:30am

Sorry Randy, you weren't first.  I posted this six hours ago.

Permalink Reply by Randall P King on June 5, 2012 at 12:38am

You're the man.

Randy

Permalink Reply by Marcus Grayson on June 5, 2012 at 10:44am

Yeah, I'm a Hell of a guy.  Keep the news flowing, Randy.  You do a great service for the GMS community.  You're the Matt Drudge of shale.

Permalink Reply by Joseph-Ohio on June 5, 2012 at 10:49am

Say......Who's Matt Drudge anyway ?

Permalink Reply by Marcus Grayson on June 5, 2012 at 2:02pm

I don't know if you're joking or not so I'll answer that as if you're not.  Matt Drudge is the founder of www.drudgereport.com.  He's a news aggregator.  

Permalink Reply by Joseph-Ohio on June 5, 2012 at 2:45pm

My best characterization would be 'attempted honest humor'.

I know I'm writing to the attention of some really savvy folks.  I'm an interested landowner but an amateur in modern gas & oil well development / technology.

Thanks for your posts, attachments, etc. - they are always very interesting and very informative.

Permalink Reply by Randall P King on June 5, 2012 at 11:39am

Here's a group of Utica stories, get a cup of coffee and enjoy. See the link...

http://www.drillingahead.com/page/utica-shale-news

Randy

Permalink Reply by Randall P King on June 12, 2012 at 2:45pm

The state DNR has updated the permit/drilling activity reports for the week of June 3. Quite a bit of activity. See the link...

http://www.ohiodnr.com/oil/shale/tabid/23174/Default.aspx

Randy

Permalink Reply by Billy Park Whyde on June 13, 2012 at 1:01pm

Been pretty quite  but found some very interesting transactions in the Licking County Recorders  Office  see http://www.lcounty.com/recordings/Navigate.asp?SimpleSearch.x=52&am...

 type in devon as the last name, looks like China has a lot of input! 

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