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 Judy Woodard on October 13, 2011 at 1:49pm
Today (10/13/11)  Carrizo Oil out of Texas is meeting at Hampton Inn to sign leases for Guernsey Co for $5100/ac to 6 northernmost twps and $4800 to rest of twps plus 20% gross royalties. I was invited to attend but I'm over the county line in Noble. This was negtiated by Homeland Energy Ventures of Pittsburgh.
Permalink Reply by Paul Martinelli on October 13, 2011 at 5:19pm
They leasing farther north?  like in Tusc. County?  You have contact information for them?
Permalink Reply by Judy Woodard on October 13, 2011 at 11:06pm
Go to homelandnrg.com and you can get contact info.
Permalink Reply by ShaleAdvice (Steven C. Townsend) on October 19, 2011 at 1:43pm

That's great....how about the addendum?

Permalink Reply by Shower Bath on October 14, 2011 at 11:11am

Increase in drilling permits, and some other info.

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

Randy

Permalink Reply by Shower Bath on October 18, 2011 at 11:31am

Chesapeake stock downgraded as they may not be able to secure the $12,000 to $16,000 per acre they are seeking for their Utica Shale 30% JV. How much money was left on the table by the landowns and groups?

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

Randy

Permalink Reply by Shower Bath on October 19, 2011 at 1:30pm

News regarding new jobs in Ohio from shale gas, with new facility in Wellsville area.

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

Randy

Permalink Reply by Shower Bath on October 19, 2011 at 1:36pm

A short story regarding landowner groups and ALOV.

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

Randy

Permalink Reply by Shower Bath on October 20, 2011 at 12:30pm

The ODNR updated the well permit info yesterday. There are a few new permits.

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

Randy

Permalink Reply by Shower Bath on October 20, 2011 at 12:36pm

Although this article deals mostly with Enervest and their leasholds and stratigies, there is alot of good info relating to how the Utica Play will be developed, and by whom.

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

Randy

Permalink Reply by Shower Bath on October 21, 2011 at 2:14pm

An article of general interest for Ohio.

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

Randy

Permalink Reply by Shower Bath on November 3, 2011 at 11:41pm

For all who leased with Chesapeake, things will be changing fast. New JV with foriegn firm values Utica at $15,000 per acre. See link

http://www.chk.com/News/Articles/Pages/1626065.aspx

Randy

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