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
Tags:
ODNR, JobsOhio to Host |
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2012 Utica shale well production numbers to be released |
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COLUMBUS, OH – The Ohio Department of Natural Resources (ODNR) will release the 2012 Utica shale well production numbers during a ‘State of the Play’ event. The ODNR Division of Oil and Gas Resources Management compiled, verified and analyzed the results of 87 producing Utica shale wells in Ohio and will share their conclusions during the event. ODNR Director James Zehringer, ODNR Division of Oil and Gas Resources Management (DOGRM) Chief Rick Simmers and JobsOhio Managing Director David Mustine will discuss the production results, what the data means for Ohio’s comprehensive regulatory program and the status of the growing oil and gas industry in the state. A brief question and answer session will follow the presentation. The presentation will be streamed live online at: www2.ohiodnr.gov/. The results will be available at: http://oilandgas.ohiodnr.gov/production/ Who: ODNR Director James Zehringer What: 2012 State of the Play: When: Thursday, May 16, at 2 p.m. Where: Vern Riffe Center for Government and the Arts ODNR ensures a balance between wise use and protection of our natural resources for the benefit of all. Visit the ODNR website at ohiodnr.gov. - 30 - For more information, contact: |
Here"s the best story/summary I've seen on the 2012 production report. See the link...
http://www.cleveland.com/business/index.ssf/2013/05/utica_shale_gas...
Randy
I saw this posted on the main page, by Bob, and thought it was worth the read. See the link...
http://www.rbnenergy.com/utica-oil-bust-a-wet-gas-play-with-plenty-...
Randy
Thanks for the link Randy.
I found it better written than most - some would say it's probably because I'm looking for things to be optimistic about.
Here's what my take on what I've been reading is (for what it's worth).
Seems to me the folks who point to the Utica Play being an oil bust are pointing too soon and pointing too pessimistically.
Why ? Marketing Ploy ? Beat down the folks that ultimately will have to be paid ?
Seems to me that there are too few wells to base any opinion on - there's even reasons given for there being too few wells this far along in development - the one big reason I keep hearing about is the lack of infrastructure.
An inquiring mind asks what the REAL reasons are for this lacking.
Poor planning ? Once again a Beatdown Marketing Ploy ? What ?
All the pessimism with such little evidence.
Some would say it's just me looking for the 'Silver Lining' but I think not - I've always considered myself a realist - I'm still leaning toward a Beatdown Marketing Ploy.
Here's Chesapeake's latest presentation to investors, with a positive spin for the Utica. Note that their stock has been rallying and a short squeeze could happen soon. See the link...
http://www.seekingalpha.com/article/1454721-chesapeake-energy-s-man...
Randy
You might find this article from the Canton paper interesting.
http://www.cantonrep.com/news/business/x1884776029/How-is-Utica-Sha...
Randy
Things have been rather slow lately, news wise, but here are a few newer articles to check out.
http://www.drillingahead.com/page/utica-shale-news
Randy
Here's a nice little article, posted by Bob, on the main page.
http://www.marcellusshaletax.com/issue-11---are-you-ready-for-the-e...
Randy
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