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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You may want to follow the Harrison County group, they are debating this issue right now.
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
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
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
Thanks for the updates. I'll check in for sure, with my skeptical of CHK mind.
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
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
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
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
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
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
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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