Replies to This Discussion

Permalink Reply by Shower Bath on April 16, 2013 at 4:09am

Negative story on the oil window of the Utica Play by Bloomberg. See the link...

http://www.bloomberg.com/news/2013-04-15/ohio-s-500-billion-oil-dre...

Randy

Permalink Reply by Joseph-Ohio on April 16, 2013 at 4:35am

Take this link to another discussion regarding this article (as posted by a Gary L).

http://gomarcellusshale.com/forum/topics/ohio-500-billion-oil-dream...

My opinions are pretty well defined there.

What do you think about all of this Randall ?

 

Permalink Reply by Shower Bath on April 16, 2013 at 10:17am

I think the people who are lucky enough to be in the wet gas window will probably make some money in the next few years. Things will really start to pop as the gathering lines and processing plants come on-line. If you are farther east, in the dry gas zone, you may be waiting for the price of methane to get to the $6-$8 per mcf to justify the cost of drilling a well. If you are in the west side of the play, in the oil window it doesn't look to be profitable enough to drill. Thus all of these companies (Devon, Enervest, CHK, etc.) are trying to unload that acreage, and getting no takers. No one should panic or despair. Sit back and observe how this all plays out. We'll all know more in a couple of years.

Randy

Permalink Reply by Joseph-Ohio on April 16, 2013 at 10:29am

Thanks Randall.
J-O

Permalink Reply by Shower Bath on April 17, 2013 at 3:27am

Here's a few stories of the day, including how Enervest will continue trying to sell smaller lease packages.

http://www.ohio.com/blogs/drilling

Randy

Permalink Reply by Joseph-Ohio on April 17, 2013 at 3:45am

Thanks for the additional info. Randy.

Read the Enervest article your post mentions.

Funny how they don't mention Ashtabula County by name isn't it ?

We know they lease considerable acreage in our county.

So we interpret that Ashtabula County falls into the category of other acreage retained 'at least for now'.

Thanks again.

J-O 

Permalink Reply by Shower Bath on April 20, 2013 at 5:24am

A few new stories from Sat postings. Read the Crains Cleveland story on the Play.

http://www.ohio.com/blogs/drilling

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

 

Randy

Permalink Reply by Joseph-Ohio on April 20, 2013 at 6:52am

Thanks again for the good info. Randall.
My interpretations remain optimistic.
When they prove a method (to recover
the oil within the Utica) technically
sound / reliable / economical they'll use it.
In the meantime the Nat. Gas, NGL's and
any easy oil to be found will rule the Ohio
Utica market.
Just my opinions.

Permalink Reply by Shower Bath on April 24, 2013 at 9:54am

Hess released their 1st qtr report today. Check out page 4 for the Utica update. They remain positive on the Utica. How about their Harrison County Athens 1H-24 which tested at 4,230 BOED with 59% liquids. See the link...

http://seekingalpha.com/article/1366611-hess-management-discusses-q...

Randy

Permalink Reply by Shower Bath on April 25, 2013 at 2:58am

Here's a little fact loaded article on the current status of the Utica Play in Ohio. See the link....

http://www.fractracker.org/2013/04/yr-oh-utica/

Randy

Permalink Reply by Shower Bath on April 26, 2013 at 6:21am

Where are we with the severance tax being proposed by some Ohio politicians? Listen to the link for an update....

http://www.wksu.org/news/story/35394

Randy 

Permalink Reply by Shower Bath on May 1, 2013 at 1:10am

Here's the 1st qtr financial/operating report from Chesapeake, which includes their Utica Play update.

Here's the link....

http://www.chk.com/News/Articles/Pages/1813480.aspx

Randy

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