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 March 21, 2012 at 11:34am

Craig, I've seen those comments myself and always assumed that a problem developed while drilling and that they had to move the rig and set new casing. But, I'm a landowner and for a good technical answer, we'll have to wait for an industry expert to clarify the term.

Randy

Permalink Reply by k farmer on March 21, 2012 at 2:07pm

I'm no industry expert but word on the street is that one hole collapsed in the radius where they were turning horizontal and another collapased with the drill stem and bit in it.  The third one is supposedly selling gas now.

Permalink Reply by WLW on March 21, 2012 at 3:15pm

Does anyone know about the Marcellus wells in Monroe County? I heard today that one Portege just completed has 5900 psi gas, and came in unexpectedly wet. A rig was pulled from Noble county and sent to the Sardis area to start drilling more. Can anyone confirm??

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on March 22, 2012 at 4:08am
The Marcellus comes in wet in Washington county,PA, so it's not crazy to think that the condensate window extends into parts of Ohio that have been previously undrilled. Protege had to expect that, otherwise drilling an expensive gas well in this economic climate would have been a bit foolish.
Permalink Reply by Olive Sue on March 22, 2012 at 7:00am

Hurrah!!!!!!   Bring on the rigs!  Lets drill some more!!!!

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on March 22, 2012 at 5:24pm
Based on the most recent permit list it seems that they're doing just that. Hopefully Protege can prove good Marcellus production and add another layer to this play.
Permalink Reply by Shower Bath on March 23, 2012 at 10:19am

Rhino Resources has leased 1500 acres in Harrison Co. to Chesapeake for $6,000 per acre bonus and a 20% gross royalty. See the link...

http://ir.rhinoresources.com/phoenix.zhtml?c=198170&p=irol-news...=

Randy

Permalink Reply by Shower Bath on March 27, 2012 at 6:33am

Here's a good summary of four major players at the end of the fourth quarter. See the link...

http://seekingalpha.com/article/418651-utica-shale-conference-calls...

Randy

Permalink Reply by Shower Bath on March 30, 2012 at 5:18am

Production numbers on five Chesapeake wells which were in production last year will be on the ODNR website on Monday, along with other current articles. ASee the link...

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

Randy

Permalink Reply by Billy Park Whyde on March 30, 2012 at 5:26am

Finally can't wait to see it!

Permalink Reply by Shower Bath on April 17, 2012 at 7:44am

Here's an update from CONSOL, with references to their drilling and gas production, along with reference to the Hess JV and the Tusc. Co. well. See the link...

http://phx.corporate-ir.net/phoenix.zhtml?c=66439&p=irol-newsAr...=

 

Randy

Permalink Reply by Shower Bath on April 17, 2012 at 8:03am

malfunction. Let's try the link fresh...

http://phx.corporate-ir.net/phoenix.zhtml?c=66439&p=irol-newsAr...=

Randy

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