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 Philip Brutz on July 31, 2012 at 3:40pm

You may want to follow the Harrison County group, they are debating this issue right now.

Permalink Reply by Shower Bath on August 6, 2012 at 8:59pm

Falling NGL prices could put the hurt on our future royalties. See the link...

http://seekingalpha.com/article/783961-how-the-shale-boom-is-causin...

Randy

Permalink Reply by Shower Bath on August 6, 2012 at 9:04pm

If you are leased with Gulfport Energy, you may want to listen in on their quarterly financial/operating results. See the link for dates, times and phone numbers.

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=695109

Randy

Permalink Reply by Shower Bath on August 6, 2012 at 9:54pm

Chesapeake released their quarterly financial/operational update tonight. The conference call is scheduled for tomorrow morning at 9 AM ET. See their web site for the info. Here they update their Utica operations, detail their planned number of rigs, and discuss results from three wells. See the link...

http://www.chk.com/News/Articles/Pages/1722883.aspx

Randy

Permalink Reply by JR on August 7, 2012 at 12:49am

Thanks for the updates.  I'll check in for sure, with my skeptical of CHK mind.

Permalink Reply by Shower Bath on August 7, 2012 at 1:08pm

The state DNR has updated their permit/drilling activity reports for last week. See the link...

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

Randy

Permalink Reply by Shower Bath on August 7, 2012 at 5:51pm

Here's the financial/operating report from Gulfport Energy, which contains the results from the Wagner#1 well in Harrison County. The Wagner is a 1277 acre drilling unit and is the longest lateral drilled so far in Ohio. Looks very promising. See the link...

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=698919

Randy

Permalink Reply by Shower Bath on August 8, 2012 at 11:14pm

Gulfport Energy and Rhino Resources are both associated with Wexford Capital, and are very active in the Utica Play. Here, Rhino brings us up to date on their Utica developments. See the link...

http://seekingalpha.com/news-article/3783551-rhino-resource-partner...

Randy

Permalink Reply by Shower Bath on August 9, 2012 at 8:45am

Here's a fairly good story from todays' Akron Beacon Journal regarding the Utica results, as reported in quarterly operational reports. The results from the Wagner #1 in Harrison Co are featured. See the link...

http://www.ohio.com/news/company-reports-shed-more-light-on-utica-s...

Randy

Permalink Reply by Shower Bath on August 14, 2012 at 12:25pm

Here's the best summary of the 2nd quarter Utica conference calls that I've seen. This will give you a great snapshot of where we are now. See the link...

http://seekingalpha.com/article/805321-utica-shale-players-2nd-quar...

Randy

Permalink Reply by Shower Bath on August 15, 2012 at 9:29am

Here's an article from Ohio.com on the oil window. See the link...

http://www.ohio.com/news/stark-county-well-s-oil-production-has-ceo...

Randy

Permalink Reply by Shower Bath on August 17, 2012 at 6:47pm

Here's a good article on propane pricing and how the product is marketed. Propane can make up half of the liquids in some wells, and will have an impact on your royalty if you are in the wet zone fairway. See the link...

http://seekingalpha.com/article/814551-mid-continent-propane-price-...

Randy

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