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!
Update from Antero. Read the Utica info.
http://seekingalpha.com/pr/9562623-antero-resources-operations-and-...
SB
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
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
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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