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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Gulfport Energy has posted their latest Investor Presentation (April 9, 2014) on their website. Included are their decline curves for the different types of wells and frac methods.

http://ir.gulfportenergy.com/events.cfm

SB

And the stock is kicking #ss!

Here's a good list of current articles for your reading enjoyment.

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

SB

MWCD and Antero lease Piedmont Lake area for $15,000 per acre with a 20% gross lease, with environmental safeguards. Now you get an idea what your lease was worth. Of course this was a very large acreage block with an ample supply of cheap water for fracing. Still, not bad.

http://www.ohio.com/blogs/drilling

SB

http://www.upstreamonline.com/live/article1360717.ece

Court rules Chesapeake must pay $121m

Luke Johnson

 02 May 2014 19:54 GMT

A US appeals court upheld a previous ruling against Chesapeake Energy that requires the country's second biggest gas producer to pay $121 million to three Texas leaseholders after reneging on agreements to buy mineral rights.

Chesapeake had agreed in 2008 to buy some 500 oil and gas leases from Preston Exploration and two affiliates, but backed out of the deal after gas prices plummeted more than 50% shortly before the deal was to close.

A federal judge in Houston had originally sided with Chesapeake when the case was brought to court, but an appeal later won by Preston brought the case to another Houston judge who ruled in 2012 Chesapeake had breached the contract with the lease owners.

On Thursday, a three-judge panel of the US Court of Appeals in New Orleans upheld that ruling, saying Chesapeake had no basis for claiming Preston could not deliver on its end of the original agreement. Chesapeake was thus required to uphold its end of the deal, the panel said.

Hundreds of landowners have filed claims against Chesapeake in state and federal courts in Texas, Pennsylvania, Michigan and elsewhere for allegedly breaking contracts for oil and gas leases.

Here's the link to the latest investors presentation from Chesapeake. Looking better.

http://www.chk.com/Investors/Documents/Latest_IR_Presentation.pdf

SB

Gulfport Energy released their 1st qtr. financial results today. Missed on revenue, lowered production guidance, slowing development.

http://www.seekingalpha.com/pr/9840053-gulfport-energy-corporation-...

SB

Antero has posted their latest financial report and presentation on their website. The Investor presentation is the most complete information that I have seen disclosed to the public. Very interesting.

http://www.anteroresources.com/

SB

Here is a recent article comparing the Utica and Bakken Shales .http://m.bismarcktribune.com/bakken/breakout/is-the-utica-shale-ano...

If you check this blog today (7/5/2014), you will find some interesting production numbers listed by company, county, etc.

http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290

SB

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