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 February 8, 2012 at 3:41pm

If you are leased with Gulfport and want some current info, listen in on their earnings call. See the link....

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=647171

Randy

Permalink Reply by Shower Bath on February 12, 2012 at 5:37am

Current articles on the Utica Play, including the story on Antero Reources leasing in Belmont Co for $5,900 per acre with 21% royalty. See the link....

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

Randy

Permalink Reply by scott jackovitch on February 13, 2012 at 2:26am
Permalink Reply by Shower Bath on February 14, 2012 at 8:38am

The Ohio DNR has updated the permit/drilling activity reports for the week of 2-5-2012. There are quite a few new permits, and it appears CHK is moving into the production mode with multiple wells from a single pad. See the link....

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

Randy

Permalink Reply by Shower Bath on February 22, 2012 at 7:29am

The state DNR has updated the permit/drilling activity reports for last week. Permits are fairly scattered among the counties, but Carroll Co. still has the most activity. See the link...

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

Randy

Permalink Reply by Shower Bath on February 26, 2012 at 6:11am

Here's a list of current articles on the Utica Play/Ohio. See the link...

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

Randy

Permalink Reply by Shower Bath on February 27, 2012 at 3:15pm

Here's a few stories from Ohio.com relating to the Utica Play. See the link...

http://drilling.ohio.com/

Randy

Permalink Reply by Shower Bath on February 28, 2012 at 4:33am

Gulfpot and a few other nuggets. See the link....

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

Randy

Permalink Reply by Billy Park Whyde on February 28, 2012 at 4:56am

This will be interesting. The premise of not stating value though I think is very weak for a argument. Would a person selling what they believed to be a old junker have to be told that there may be a buyer that thinks it is worth more? Gee the PICKERS on the cable tn would be in Jail!

 The notarization may be a issue if proven but still I believe as weak as I believe it would have to be on a case by case basis. The option though is interesting. 

  The notice of reassignment I think is worthless as notification would not bar it from taking place, only if a reassignment had to be agreed upon would perhaps hold water. My thoughts.

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on February 28, 2012 at 5:53am
I agree with Billy. This lawsuit has no shot in the long run.
Permalink Reply by Shower Bath on February 29, 2012 at 4:02pm

Check out the second article down regarding the proposed increase in severance taxes in Ohio to 7%. It hasn't happened yet, but you can bet our reps in Columbus will push for a number close to what Texas has. See the link....

http://drilling.ohio.com/

Randy

Permalink Reply by Billy Park Whyde on February 29, 2012 at 5:15pm

 I commented there 

"I suggest that land owners that now have wealth get into politics and get rid of what the people are fed up with.  Politicians with no answers but to raise taxes! Policy matters themselves has stated the "people own the resources"!  This is not Russia this is America it is the land owners that have worked and paid for the land they own! "

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