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 Suzan on May 15, 2013 at 9:24am

ODNR,   JobsOhio to Host
  'State of the Play' Event

2012   Utica shale well production numbers to be released

COLUMBUS, OH –   The Ohio Department of Natural Resources (ODNR) will release the 2012 Utica   shale well production numbers during a ‘State of the Play’ event. The ODNR   Division of Oil and Gas Resources Management compiled, verified and analyzed   the results of 87 producing Utica shale wells in Ohio and will share their   conclusions during the event. 

ODNR Director James Zehringer, ODNR   Division of Oil and Gas Resources Management (DOGRM) Chief Rick Simmers and   JobsOhio Managing Director David Mustine will discuss the production results,   what the data means for Ohio’s comprehensive regulatory program and the   status of the growing oil and gas industry in the state. A brief question and   answer session will follow the presentation.

The presentation will be streamed live   online at: www2.ohiodnr.gov/.

The results will be available at: http://oilandgas.ohiodnr.gov/production/

                          Who:       ODNR Director James   Zehringer
                                             ODNR DOGRM Chief Rick Simmers
                                           JobsOhio   Managing Director David Mustine

                        What:      2012   State of the Play:
                                             Oil and Gas Industry and Production Report Release

                          When:     Thursday, May 16, at 2 p.m.

                        Where:    Vern   Riffe Center for Government and the Arts
                                              31st Floor, South Rooms B & C
                                              77 S. High Street
                                              Columbus, Ohio 43215

ODNR ensures a balance between wise use   and protection of our natural resources for the benefit of all. Visit the   ODNR website at ohiodnr.gov.

- 30   -

For   more information, contact:
  Mark Bruce, ODNR Office of Communications
  614-265-6860
Permalink Reply by Shower Bath on May 17, 2013 at 4:18am

Here"s the best story/summary I've seen on the 2012 production report. See the link...

http://www.cleveland.com/business/index.ssf/2013/05/utica_shale_gas...

Randy

Permalink Reply by Shower Bath on May 19, 2013 at 5:00am

Here's a few current stories on the Play. See the link....

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

Randy

Permalink Reply by Shower Bath on May 21, 2013 at 5:17am
Permalink Reply by Shower Bath on May 22, 2013 at 10:52am

I saw this posted on the main page, by Bob, and thought it was worth the read. See the link...

http://www.rbnenergy.com/utica-oil-bust-a-wet-gas-play-with-plenty-...

Randy

Permalink Reply by Joseph-Ohio on May 22, 2013 at 1:33pm

Thanks for the link Randy.

I found it better written than most - some would say it's probably because I'm looking for things to be optimistic about.

Here's what my take on what I've been reading is (for what it's worth).

Seems to me the folks who point to the Utica Play being an oil bust are pointing too soon and pointing too pessimistically.

Why ?  Marketing Ploy ?  Beat down the folks that ultimately will have to be paid ?

Seems to me that there are too few wells to base any opinion on - there's even reasons given for there being too few wells this far along in development - the one big reason I keep hearing about is the lack of infrastructure. 

An inquiring mind asks what the REAL reasons are for this lacking.

Poor planning ?  Once again a Beatdown Marketing Ploy ?  What ?

All the pessimism with such little evidence.

Some would say it's just me looking for the 'Silver Lining' but I think not - I've always considered myself a realist - I'm still leaning toward a Beatdown Marketing Ploy.  

Permalink Reply by Busy Bee on May 22, 2013 at 1:35pm
The Utica doesn't sound to bad to CHK.they are very excited about the Utica.southern portion appears to be better. Here is the articlehttp://m.seekingalpha.com/article/1454721
Permalink Reply by Shower Bath on May 23, 2013 at 4:39am

Here's Chesapeake's latest presentation to investors, with a positive spin for the Utica. Note that their stock has been rallying and a short squeeze could happen soon. See the link...

http://www.seekingalpha.com/article/1454721-chesapeake-energy-s-man...

Randy

 

Permalink Reply by Shower Bath on June 3, 2013 at 3:05am

You might find this article from the Canton paper interesting.

http://www.cantonrep.com/news/business/x1884776029/How-is-Utica-Sha...

Randy

Permalink Reply by Shower Bath on June 5, 2013 at 4:38am

A couple of new articles from Ohio.com.

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

Randy

Permalink Reply by Shower Bath on June 15, 2013 at 2:20am

Things have been rather slow lately, news wise, but here are a few newer articles to check out.

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

Randy

Permalink Reply by Shower Bath on June 17, 2013 at 3:51am

Here's a nice little article, posted by Bob, on the main page.

http://www.marcellusshaletax.com/issue-11---are-you-ready-for-the-e...

Randy

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