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 scott jackovitch on January 4, 2012 at 12:09pm

Does anyone know where Devon Energy has acreage leased . What counties within the Utica ?

Permalink Reply by Shower Bath on January 4, 2012 at 3:17pm

Scott, I see they are active in Medina and Ashland counties. I think most of their leased acreage is in the western area of the oil zone. I think the majority of their acreage was from a buyout of one or two smaller companies. My memory might be off, but I think Anschutz was maybe one of them.

Randy

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on January 5, 2012 at 4:30pm
It was not Anschutz. But yes, they are in Medina and Ashland counties. They're drilling a well in both counties this year.
Permalink Reply by Shower Bath on January 4, 2012 at 3:20pm

The Ohio DNR has updated their permit/activity reports for the last two weeks. See the link...

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

Randy

Permalink Reply by Patricia Moss on January 4, 2012 at 4:52pm

The cost of Total S.A.'s purchase of a 25% share of some Utica acreage held by Chesapeake was $14,991 per acre. Link to news article is on this site in a different post.

Permalink Reply by Tusc Follower on January 6, 2012 at 2:25am
Permalink Reply by Nelson Roe on January 8, 2012 at 10:40am

Article in the local newspaper regarding injection wells & earthquakes:
http://www.daily-jeff.com/local%20news/2012/01/08/changes-made-to-i...

Permalink Reply by Nelson Roe on January 8, 2012 at 10:45am
Permalink Reply by Shower Bath on January 10, 2012 at 12:06pm

The Ohio DNR has updated the permit/activity report for last week. Look for activity to pick up steam as we move towards Spring. Carroll County is very hot at the moment. See the link...

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

Randy

Permalink Reply by scott jackovitch on January 11, 2012 at 12:00pm
Permalink Reply by Shower Bath on January 13, 2012 at 7:04am

Here's a good current list of Utica stories to catch up on. See the link...

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

Randy

Permalink Reply by Shower Bath on January 13, 2012 at 4:27pm

Here's a few Utica updates including Consol Energys' plans for drilling. See the link....

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

Randy

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