For many E&P firms — and investors — finding the field in its “boom”
phase is key to getting amazing growth and portfolio returns. Luckily, a
little-known field in West Texas could be the next hot ticket for
energy producers — especially given its potential to dwarf the monster
Eagle Ford – and the next stop in the Texas oil rush for investors.
It’s called the Cline Shale, and only a small handful of producers have begun buying up acreage in the region, which is situated in the heart of Texas’s Permian Basin. Also known as the lower Wolfcamp, the field is only about 140 miles long and 70 miles wide. However, packed within that small space could be a plethora of shale oil and natural gas, to the tune of 3.6 million barrels of recoverable oil per square mile.
Putting it another way, the Cline Shale’s 9,800 square miles could contain a whopping 30 billion barrels of recoverable oil.
http://investorplace.com/2013/07/get-ready-for-the-next-texas-oil-rush/
It’s called the Cline Shale, and only a small handful of producers have begun buying up acreage in the region, which is situated in the heart of Texas’s Permian Basin. Also known as the lower Wolfcamp, the field is only about 140 miles long and 70 miles wide. However, packed within that small space could be a plethora of shale oil and natural gas, to the tune of 3.6 million barrels of recoverable oil per square mile.
Putting it another way, the Cline Shale’s 9,800 square miles could contain a whopping 30 billion barrels of recoverable oil.
http://investorplace.com/2013/07/get-ready-for-the-next-texas-oil-rush/
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