Comment

Comment by Shower Bath on September 7, 2011 at 4:43am

Thanks Dan, My only motivation is to help provide educational information to the landowners, so they can make informed decisions.

More news that I shared on the Ohio Landowners page: PDC, Petroleum Development Company out of Denver Co. has entered the Ohio Utica Play with the purchase of 30,000 acres in the wet zone (oil). They state that they want to increase their holdings significantly.

http://www.msnbc.msn.com/id/44423112

Randy

Comment by Dan on September 7, 2011 at 4:31am

Randy, you do a great job of keeping up with all the latest news in this industry!

Comment by Dan on September 7, 2011 at 4:29am

Here's a closer view of that map on Harrison.

 

Comment by Dan on September 7, 2011 at 3:29am

CONSOL Energy and Hess Corporation Enter into a Joint Venture for C...

Comment by Shower Bath on September 7, 2011 at 3:05am

Al, Thanks. Everyone should look at the Investor presentation regarding this JV. There is an excellent map showing the wet zone (Harrison is in the heart of the Play) and showing Consols' holdings.

Randy

Comment by Al Cramblett on September 7, 2011 at 2:48am

Thanks Randy!  I think this also works:

 

http://phx.corporate-ir.net/phoenix.zhtml?c=66439&p=irol-newsAr...=

Comment by Shower Bath on September 7, 2011 at 2:43am

Sorry about that link. Try this

http://consolenergy.com/default.aspx

then open the newsroom tab at the top.   Randy

Comment by Shower Bath on September 7, 2011 at 2:37am

Huge news this AM - Consol sells half of their Ohio Utica Shale interest to Hess Oil in a 50/50 joint venture fo $6,000 per acre Hess wil operate in Harrison Co and the wet gas zone counties. Consols' presentation is at the link below, if it will take.   Randy

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDM5MzQ3...

 

Comment by Finnbear on September 3, 2011 at 4:00pm

Here is a link to an article written by a prominent oil & gas attorney about lease clauses often found in leases offered  in the Utica and Marcellus Shale plays. Interesting reading and reinforces the fact that you MUST have a good landowner-friendly lease that you FULLY understand.

Unusual Ohio Oil and Gas Lease Provisions

Comment by Shower Bath on September 3, 2011 at 2:57am

Just came accross an excellent article on the Main-Forum titled "Held by Production" posted by Philip Brutz. I think I've seen the article before, but it explains very clearly HBP and how the O&G companies think. Also explains why you don't want these 1280 acre unitization clauses & why they only drill one well at a time.

http://www.mercurynews.com/ci_18536778?nclick_check=1&forced=true

Randy

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