Current Events/Links/Press Releases/General Info

Consol issued a press release today updating their operations, including info on drilling activity in the Marcellus.

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

Randy

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Permalink Reply by Shower Bath on October 14, 2011 at 4:17am

Drilling permits increasing in the Ohio Utica Play, with other info.

http://seekingalpha.com/article/299563-utica-shale-drilling-permits...

Randy

Permalink Reply by Shower Bath on October 18, 2011 at 4:40am

Is Ohio's Utica Shale worth $12,000 to $16,000 per acre? Apparently Chesapeake wants that for a 30% JV interest in their leased acreage. See the link below

http://www.marketwatch.com/story/chesapeake-off-on-downgrade-energy...

Randy

Permalink Reply by Nelson Roe on October 18, 2011 at 6:54am

Randy,

I have always wondered if it is realistic to compare what these companies buy/sell for between each other to what they offer the landowners.  It seems that there may be some things going on behind the scenes when the companies do these Joint Ventures and other acquisitions that we as land owners are not aware of, or would not be able to hold up to.  So, although these articles make for interesting reading, I just truly wonder if it is a good comparison?  If there is anybody out there that could answer that I would appreciate the input.

0l1a6laz7smpfPermalink Reply by 0l1a6laz7smpf on April 25, 2012 at 2:54pm

I second that....

I would also like to know, but I am not sure if anyone here could answer that Nelson Roe...

I think ultimately there is a deal struck for a certain amount for the BULK of the leases bought...in the percentage of share.   And then when the amount of acres is divided into the sales amount (the reported sales amount) it comes out to those high figures per acre.    But we don't know what the JV's are getting in return for their investment.   Though they may be paying out 14k per acre in a deal...we don't have the privelege to know what the return on that investment will do...they may have so much coming back in ROI that if compared to what they paid per acre it may be reduced immensely if one would look at how their investment proceeds back from the production work out for them. 

Example:  they may pay per acre about 14k to get the production into process...but if they have a return per acre of almost that ...then what they gave was nothing to them per acre as it would seem to a landowner.   A landowner though if paid 14k per acre isn't putting out the money to give the oil company any return on investment...BUT they are putting forth the land to find such and to profit thereby for all...aND they couldn't do any of it unless the landowner (lessor) was part of the scenario.


Just noticed almost 17,900 views on this discussion...you would think someone would know the answer. (wow..is that possible this little discussion has that many views?)

Permalink Reply by Shower Bath on October 19, 2011 at 6:43am

New processing plant in the Wellsville area would utilize shale gas, and create significant employment.

http://business-journal.com/planck-natural-gas-in-baard-coal-out-p2...

Randy

Permalink Reply by Shower Bath on October 19, 2011 at 6:48am

A short article about landowner groups the ALOV roup.

http://www2.nbc4i.com/news/2011/oct/13/farmers-helping-farmers-get-...

Randy

Permalink Reply by Shower Bath on October 20, 2011 at 5:41am

The Ohio DNR updated their well permit list yesterday.

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

Randy

Permalink Reply by Shower Bath on October 20, 2011 at 5:49am

Although this article deals mostly with Enervest and their leaseholds and strategies, there is a good deal of info on the Utica Play and how it is developing.

http://seekingalpha.com/article/300790-ev-energy-partners-an-emergi...

Randy

Permalink Reply by Shower Bath on October 21, 2011 at 7:20am

Ohio, the heart of the Play. A general interest article on a slow news day.

http://www.heraldstaronline.com/page/content.detail/id/565845.html

Randy

Permalink Reply by paleface on October 21, 2011 at 8:07am
Permalink Reply by Shower Bath on November 5, 2011 at 12:21pm

Here's a nice group of articles about the Utica Play, with alot of info on Chesapeake & their JV. See link...

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

Randy

Permalink Reply by Shower Bath on November 7, 2011 at 8:11am

The Ohio DNR has updated their permit/drilling info on their website. See link below....

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

Randy

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