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 Ohio DNR has updated the permit/drilling activity report for last week. See the link below....

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

Randy

Here's more articles on the development of the Utica Play. See the link below.....

http://shale.typepad.com/utica_shale/

Randy

 

 

 

Here's a large group of current articles on the Utica Play. Alot of good info.....see link below.....

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

Randy

For those of you signed with Gulfport Energy, or waiting for your signing bonus, it looks like they are raising the cash to pay you. See the link below....

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=627637

Randy

Hopefully this is a good thing for everybody signed!  I know there are a lot of folks waiting.

The Ohio DNR has again updated the permit/activity reports. See the link....

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

Randy

Here's an interesting web site with an educational tack. See the link below....

http://lookbeforeyoulease.org/

Randy

Here's all of the current events relating to the Utica Play, including Chesapeake issueing the preferred shares of the Utica LLC. See the link below.....

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

Randy

The Ohio DNR has updated the permit/drilling reports for last week. Kinda slow because of the Thanksgiving holiday. See the link.....

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

Randy

Here's a short article about Gulfport stock. They mention that they could sell their Utica leases or do a JV. See the link......

http://www.dailyfinance.com/2011/11/30/is-gulfport-energy-the-perfe...

Randy

I saw on the Bloomberg news crawl this morning that the French oil company Total is weighing the purchase of the JV with Chesapeake for 2.14 billion in Ohio. When I see an article, I'll post it here.

Randy

As Paul Harvy used to say, "here's the rest of the story".

http://www.bloomberg.com/news/2011-12-07/total-said-to-weigh-buying...

Randy

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