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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Here's a bunch of current storries on the Utica Play; See link below...

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

Randy

The Ohio DNR has updated the well permit info & status. See link below....

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

Randy

Here's an interesting update on Gulfport, Rexx, Enervest, and Chesapeake. See link below...

http://seekingalpha.com/article/305950-utica-shale-players-conferen...

Randy

The Eagle Ford Shale in Texas is the Play that the Utica is most often compared to because of the geology & three windows (oil, wet gas, and dry gas). They are approx 3-5 years ahead of the Utica, and now have over 1,000 producing wells. Chesapeake operates 29 drilling rigs in the play and EOG is close behind. All of the major players are active in this Play and you can learn alot about what is in our future by reading articles such as these. See link below....

http://www.eaglefordshale.com/news/

Randy

New subsurface geology report for eastern ohio

http://www.dnr.state.oh.us/OhioGeologicalSurvey/tabid/7105/Default....

Who is the Chesapeake JV partner in the Utica? See the link below for a strong possibility....

http://in.reuters.com/article/2011/11/09/total-shale-idINN1E7A81362...

Randy

To all veterans out there, thank you for your service and God bless.

 

Here's a new article from Forbes regarding the Chesapeake JV partner. See the link....

http://www.forbes.com/sites/christopherhelman/2011/11/11/some-clues...

Randy

Here is an article that was on the Daily Jeffersonian website & should be out in print in Todays copy of the paper.  http://www.daily-jeff.com/financial/2011/11/13/business-opinion-myt... 

The ODNR has updated the permit/drilling info logs. See the link below for the current info.....

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

Randy

CNBC's Jim Cramer interviews Chesapeake CEO. See link below......

http://video.cnbc.com/gallery/?video=3000057658

Randy

Here's a short Wall Street Journal story regarding Chesapeake. Their stock price is declining. Link below....

http://blogs.wsj.com/deals/2011/11/17/chesapeake-scores-rare-sell-r...

Randy

Here's a good list of Utica articles from last week. Stark county drilling is noted, and I see four active rigs currently in Stark Co  with 13 current active rigs in the play. See link.....

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

Randy

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