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 28, 2012 at 3:11am
Permalink Reply by bruce c on January 28, 2012 at 1:50pm

Didn't CHK also use Carbon Dioxide on the Milton Well??  Does this increase production? Also saw another article on CO2

http://beta.fool.com/elmosworld/2012/01/27/end-easy-oil/1358/?sourc...

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on January 29, 2012 at 5:43am
CO2 injection has been a mainstay in the industry for some years now. They use the CO2 essentially as a lubricant. When mixed with oil it increases viscosity and helps cleave the oil from the source rock. CO2 is usually used several years after the effects of the water flood have worn off. Here's a link to the API study that covers the topic:http://www.gwpc.org/e-library/documents/co2/API%20CO2%20Report.pdf

It's a little dry but it may help you.
Permalink Reply by Shower Bath on January 31, 2012 at 5:04am

If you haven't looked at this site lately, you might want to read some new Utica articles. See the link...

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

Randy

Permalink Reply by Shower Bath on February 1, 2012 at 2:44am

Big news for the Utica Play, see the link....

http://finance.yahoo.com/news/MarkWest-Announces-bw-3895948923.html

Randy

Permalink Reply by scott jackovitch on February 1, 2012 at 12:46pm

Here is a look at the plant in PA. Probably similar to what is coming here. http://www.marcellus-shale.us/MarkWest_Cryogenic.htm

Permalink Reply by Shower Bath on February 1, 2012 at 3:31pm

The Ohio DNR has updated the permit/drilling activity reports for last week. See the link....

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

Randy

Permalink Reply by Nelson Roe on February 1, 2012 at 5:46pm

Looks like there have been some entries removed from the list... I wonder why?  Gulfport is no longer showing on there...  The Guernsey co. section has shrank & so has Noble.  I thought initially maybe it was some of the older permits falling off, but Gulfport was permitted fairly recently... Any thoughts?

 

Permalink Reply by Jon Henderson on February 4, 2012 at 12:50pm

I noticed that today also. I hadn't looked at the ODNR for several weeks and I was surprised by all the missing entries. I hope they get this thing working well, I would like to stay up with the activity.

By the way, has anyone else driven by St. Clairesville and seen the Well that is west of there? It had a massive flame burning on it about 2 weeks ago. Is it a Horizontal?

Permalink Reply by scott jackovitch on February 5, 2012 at 3:43am
Permalink Reply by Shower Bath on February 7, 2012 at 4:10pm

The Ohio DNR has updated their permit/drilling activity reports for the week. See the link....

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

Randy

Permalink Reply by Shower Bath on February 8, 2012 at 5:32am

Although this map isn't up to Phil's work, some might find it interesting. See the link....

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

Randy

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