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 Shower Bath on January 14, 2012 at 3:26pm

Ohio.com (Akron Beacon Journal) has started a new site for drilling stories. It looks like it may be biased against fracking, but let's see how it developes. See the link...

http://drilling.ohio.com

Randy

Permalink Reply by Shower Bath on January 15, 2012 at 5:32pm

There's an informational meeting in Vinton County in Feb. that you might want to attend, if you live nearby. Also a few other stories that you have probably seen in some form. See the link...

http://lookbeforeyoulease.org/

Randy

Permalink Reply by Billy Park Whyde on January 17, 2012 at 3:39pm

Here we go Ohio the Columbus Dispatch Special Report on Fracking http://www.dispatch.com/content/topic/news/2011/ohio-drilling.html You can post comments on this! You best believe the anti frackers sure as H will. Lets plow under this anti frack anti drill we own your land mentality! 

Permalink Reply by Shower Bath on January 17, 2012 at 11:48pm

The Ohio DNR has updated the permit/activity reports for last week (1-8-2012). Carroll Co. still appears to be the hot area. And Enervest is increasing their permit activity. See the link....

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

Randy

Permalink Reply by Shower Bath on January 18, 2012 at 8:07am

Here's an update on Rex Energys' drilling plans for the Utica in 2012. See the link....

http://shale.typepad.com/utica_shale/

Randy

Permalink Reply by AT on January 21, 2012 at 9:16am

Note: The sponsors of the bill are all Democrats - the same party behind the tree-hugging USEPA, who by the way, wants to snuff out fracking. If that happens, ciao to horizonal drilling and your future gas/oil royalties. Remember, come November.

Permalink Reply by Billy Park Whyde on January 22, 2012 at 11:51pm

HISTORY REPEATS ITS SELF !!! The Windfall profits tax that screwed landowners by as much as 60%. A Carter Idea!  Senators  John Glenns Aid in a Zanesville meeting in front or orate landowners stated " Mr. Glenn did not know what he was voting on"  GRRRRRRRRRRRRRRRRRRR

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on January 23, 2012 at 10:09pm
Nothing says capitalism more than a bunch of Beltway insiders determining profits.
Permalink Reply by Shower Bath on January 22, 2012 at 11:21pm

Something to consider. See the link....

http://seekingalpha.com/article/320180-the-natural-gas-dilemma

Randy

Permalink Reply by Billy Park Whyde on January 22, 2012 at 11:55pm

The Windfall Profit Tax was advertised at hitting the oil companies which it never did in the final product stage it was a tax at the well head where land owners were taxed as much as 60% upon their royalties!

Permalink Reply by Utica Shale on January 23, 2012 at 8:50am

There are signed leases in Ohio that have a clause that makes the Driller responsible for all such taxes. Hopefully, the clause is iron clad and it will actually protect the landowner if/when a Windfall Profit Tax law is passed.

Permalink Reply by Billy Park Whyde on January 23, 2012 at 10:22am

The WPT was a Federal Law to my knowledge it trumped everything, I might be wrong, anyone experience the WPT  in the 80s I had.

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