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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The interesting part is that Hess hasn't drilled any of the six initial JV wells that they are supposed to this year.  I wonder what the hold up is.

If you have the time..... here is Magnum Hunter's first quarter update. They operate in multiple plays, including the Appalachain Basin (including southern Ohio). You can learn alot about how the industry is moving/developing in today's environment. See the link....

http://www.magnumhunterresources.com/pressreleases.html

Randy

If you're interested in the industry in general, or the price of nat gas, you might find this article interesting. See the link...

http://seekingalpha.com/article/525421-natural-gas-price-spike-will...

Randy

Time to post a new article regarding the shale plays. This is written from an investors' perspective and may be correct - or not. But you might learn something about decline rates and the profitability of shale wells. See the link...

http://seekingalpha.com/article/569451-controversy-on-shale-gas-boo...

Randy

If you are leased with Gulfport Energy, you may want to listen to their first quarter financial & operational conference call tomorrow at 1 PM Eastern time, Wed. May 9th. See the link to their numbers....

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=667150

Randy

Correct link for the above post....

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=667150

Randy

Here's a pretty good summary of current articles about the Utica Play. See the link...

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

Randy

Here's a good list of current articles about the Play. Check out the mortage story from Pa. landowner. Also the drilling map is linked to well info. Check it out....

http://drilling.ohio.com/

Randy

If you're leased with Chesapeake, or just want to stay informed, you will enjoy this story. See the link...

http://www.reuters.com/article/2012/05/10/us-chesapeake-wallstreet-...

Randy

Chesapeake continues to borrow money ( $3 billion) and their stock is going down. See the link....

http://www.bloomberg.com/news/2012-05-11/chesapeake-may-delay-14-bi...

Randy

Read where T. Boone sold all his stock in Chesapeake yesterday.

Sounds like retaliation for no action from legislators / D.C., on his idea about formulating a domestic Energy Plan beginning with Natural Gas Conversions for the eighteen wheelers.

He said he didn't like natural gas and sold.

He also said it wasn't because of McClendon's transactions.

Maybe he's taking a Pro-U.S.A. position on developing more natural gas for export.

Would like to know more about these ins and outs and what's going on between his ears about natural gas on the overall conversion front.

Hope he's not giving up.

The pickensplan.com had nothing to say about it yesterday - going there now to see if there's any more news.

 

Chesapeake is having a conference call Monday morning to discuss their new $3 billion loan, and other issues. If you can't listen in, there will be a taped playback available later in the day. See the link...

http://www.chk.com/News/Articles/Pages/1695249.aspx

Randy

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