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 October 9, 2012 at 3:16am

Gulfport Energy released the well results from their Shugert well this morning. Quite impressive. See the link...

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=712120

Randy

Permalink Reply by Philip Brutz on October 9, 2012 at 5:32am

Here is a Google Earth map of the Shugert 1-H location. You will need Google Earth installed on your computer to view it.

http://storage.ning.com/topology/rest/1.0/file/get/35533711?profile...

Permalink Reply by Shower Bath on October 10, 2012 at 2:03am

CONSOL is drilling two wells in North Jackson. See the link...

http://businessjournaldaily.com/drilling-down/consol-begins-drillin...

Randy

Permalink Reply by Shower Bath on October 10, 2012 at 3:52am

Marathon and Harvest Pipeline building barge loading facility in Wellsville to load Utica oil , See the link...

http://finance.yahoo.com/news/marathon-petroleum-corporation-harves...

Randy

Permalink Reply by Shower Bath on October 11, 2012 at 10:40am

The state DNR has posted the "new & improved" drilling and permit activity report, which is current thru 9/30.

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

Randy

Permalink Reply by Shower Bath on October 15, 2012 at 4:37am

Read the top three articles . Interesting that Carrizo has sold it's northern Utica leases. Could the buyer be the same who purchased the northern Chesapeake acreage? Is a major putting together a large position in the north? Possibly BP? See the link...

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

Randy

Permalink Reply by Shower Bath on October 16, 2012 at 3:24am

Lease prices in the Utica sweet spot counties are going up. Ohio lease rates are now in the top 5 in the nation. If you are in a good location, you may be glad you aren't leased yet. See the link... Make sure to watch the slide show of the top 5 states.

http://www.bizjournals.com/columbus/blog/2012/10/ohio-jumps-into-to...

Randy

Permalink Reply by Shower Bath on October 17, 2012 at 3:15pm

Consol has released their 3rd qtr results, with info on their Utica and Marcellus drilling activities. See the link...

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

Randy

Permalink Reply by Shower Bath on October 18, 2012 at 4:19am

CNBC is featuring stories on Ohio's Utica Play all day, with big feature at 6 pm on Cramer's Mad Money show. See the top story on the link....

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

Randy

Permalink Reply by Billy Park Whyde on October 19, 2012 at 7:26am

I wonder what kind of spin they will put upon it?

Permalink Reply by Philip Brutz on October 19, 2012 at 9:54am
Permalink Reply by lynn on October 19, 2012 at 11:38am

Easy to guess but watched it and it went just about how you thought.  Talk about supposed dangers but not one note about how long it's been used or the safety record the drilling companies have.  It even seemed like a 'non-friendly' account of the people who made money on leases with no mention of how long they've struggled to make enough of a living off their farms so that they could hold onto them.   It is very sad to me that not one 'news' channel ever mentions that these are the same people whose property taxes have supported local schools and government for years.

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