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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Great info!
Here's an update on the 2013 plans from Magnum Hunter, who hold leases and infrastructure in the Southeastern counties of the state. See the link....
http://www.magnumhunterresources.com/pressrelease.html
Randy
Missed an "s". Try this link and look at the Jan 22, 2013 release on drilling plans.
http://www.magnumhunterresources.com/pressreleases.html
Randy
Here's an interesting article covering Gulfport, Chesapeake, the price of NGLs, stock values, etc.
Don't take all of these points as gospel, but it will give you some perspectives you might not have thought of.
http://seekingalpha.com/article/1152971-gulfport-energy-with-fantas...
Randy
Here's today's Gulfport press release on operations. See the link...
http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=738347
Randy
Check out the top story on Marathon in Canton. See the link....
http://www.drillingahead.com/page/utica-shale-news
Randy
A couple of interesting stories for today. See the link....
http://www.ohio.com/blogs/drilling
Randy
Gulfport released their 4th quarter and year-end financial report tonight. They are adding a third drilling rig in early March and a fourth rig in April. Good news for those leased with Gulfport. See the link....
http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=743415
Randy
If you haven't checked this site lately, here are a few current stories on the Utica Play. See the link...
http://www.drillingahead.com/page/utica-shale-news
Randy
Thanks Randy,
One article indicated that Gulfport is purchasing 22k acres in eastern OH.
Wondering now if that could be the the 22k acres in Ashtabula County that EnerVest said it was holding on to for now but indicated that they might sell later.
Is later now ?
J-O
Called Gulfport Energy Corporation and their input to me was that the acreage has been purchased but in Belmont and Guernsey Counties (Southeast Ohio).
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