Carizzo good or bad??

Need to know any info on Carizzo that anyone has had dealing with them they are offering to lease our land for $5500 and 20% for 5yrs already got burned by Shell, so need any info good or bad! Thanks!!

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Permalink Reply by Mike C. on December 4, 2012 at 10:23am

those are good numbers

Permalink Reply by JK on December 4, 2012 at 10:33am

Faith,

I hope Carizzo is good because these numbers are pretty great!

Just remember to get a solid lease and have your attorney check it!

You know all of the clauses to be included right?

You can't be too careful.

Good luck!

Permalink Reply by bo boboski on December 4, 2012 at 10:59am

CHERRYPICKERS. but if they want your land, you be good.

Permalink Reply by Mike C. on December 4, 2012 at 11:21am

I should include that Carrizo is a producer and if you are in their footprint you will more than likely get developed more quickly than say a Chesapeake. If you are outside the footprint then more than likely you will get traded to the party that plans to drill the acreage.  Either way it sounds like you are sitting pretty well.

 

Permalink Reply by Jim Litwinowicz on December 4, 2012 at 1:10pm
The quality of the offer depends are where you located, the royalty rate, and a whole lot of other addenda. The bonus money is probably the least important thing unless you are in dire financial straights.
Permalink Reply by Mike C. on December 4, 2012 at 1:19pm

I believe she was asking about Carrizo as a company not if her lease is any good.

 

Permalink Reply by Faith Johnson on December 4, 2012 at 5:42pm

My sisters have a copy of the lease they are offering i havent seen it yet, and yes i wanted to know if they are paying and drilling and if anyone has dealt with them,we only have 5.010 acres in Madison township Guernsey county, i have a lease from Shell that was done with an attorney and its a good lease, so i can can compare it to that and i have learned enough from here to have an attorney check it! And yes that is 500 more an acre than Shell offered, but they let the bank draft expire! And they did send us a letter of offering we didnt go to them! Thanks guys!!

Permalink Reply by Samuel J. Orr on December 6, 2012 at 3:15am

Great Dea!!  Jump on it and get the money ASAP!!

Permalink Reply by Ireland on December 6, 2012 at 11:34am

good offer. We signed with Carrizo 4yrs ago. Never drilled and the wells that they are drilling are vertical Not horizontal. Other companies are all drilling horizontal with 5 to 7 wells on each pad. They only drill one vertical to hold by production.

Permalink Reply by Faith Johnson on December 7, 2012 at 3:57pm

Oh well that dont sound too good!!!!

Permalink Reply by jonathan M. on December 7, 2012 at 4:19pm
Faith,

Have you spoken with gulfport? They are in your area and drilling the best wells in the utica to date. Carrizo has not drilled a single well yet...
Permalink Reply by Faith Johnson on December 8, 2012 at 4:46am

No i have not Carrizo contacted us,should i contact Gulfport?

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