Replies to This Discussion

Permalink Reply by Thomas Hall on September 7, 2011 at 3:01am

Good news for us! Thanks for sharing.

Permalink Reply by BMR on September 7, 2011 at 8:03am

That's $6k per net acre for buying it not leasing it right?

Permalink Reply by 0i7okn54zwbdo on September 8, 2011 at 1:28am

No,

Permalink Reply by Shower Bath on September 7, 2011 at 3:51pm

Try this link for Cosol/Hess JV information.

http://www.lawfuel.com/releases/vinson---elkins-represents-consol-e...

 

Randy

Permalink Reply by Shower Bath on September 8, 2011 at 4:32am

More news, posted by TonyMik on the Belmont County page this AM. Hess is acquiring Marquette Exploration, and is now a major player in the wet zone of the Ohio Utica Play.

http://phx.corporate-ir.net/phoenix.zhtml?c=101801&p=irol-newsA...=

Randy

Permalink Reply by 015334grltd9m on September 8, 2011 at 4:41am

Hold on to your horses, all hell is about to break loose.

 

Permalink Reply by David German on September 8, 2011 at 6:03am

More news on Hess acquiring Marquette Exploration at

http://www.crainscleveland.com/apps/pbcs.dll/article?AID=/20110908/...

 

Permalink Reply by John kamm on September 9, 2011 at 9:37am

According to the WSJ article the total deal was for $593M - of that $534M was for drilling and completion, the balance of $59M for 50% share of the 200,000 acres. Would it not be more accurate to say that the indicated value of the leased acreage was $590.00 per net acre? Just trying to sort out the numbers.

 

Google: wall street journal hess consol

The article is is inside the subscription pages of the site but the Google link somehow gets in.

Permalink Reply by time will tell on September 9, 2011 at 1:48pm

is there a map that show the wet zone or the fairway in belmont , is this also present in monroe co . Thanks

Permalink Reply by Shower Bath on September 9, 2011 at 2:49pm

Harry, Open the Cosol wesite at the link above. Then at the top of the page click on the Investor Relations tab. As you look down that menue you will see a tab fo Presentations to Analysts. Click on this and the top presentation (dated 9-7-2011) is the one you want. The map is on the 5th slide. If this doesn't help, go to the Harrison County Ohio site and on about the fourth page of the comment wall, there is a link from Dan. If you still can't find it yell back and I'll try to post the link.

Randy

Permalink Reply by time will tell on September 10, 2011 at 11:23am

thanks Randall :)

Permalink Reply by shawn miller on September 9, 2011 at 2:49pm

the 534M is for delopment of 80K acres in 4 countys. then consol has to pay ???million to develop the other 120k acres that hess has 50%  interest. so hess is paying for almost all their 50% interest by developing the 80K acres. IMO hess payimg almost 6K per acre!

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