New resource capture is a valuable catalyst for long-term exploration and production stocks. Jefferies lists the following companies that are exposed to the oil play: Chesapeake Energy Corporation (NYSE: CHK), ConocoPhillips (NYSE: COP [FREE Stock Trend Analysis]), EOG Resources, Inc. (NYSE: EOG), El Paso Corporation (NYSE: EP), Forest Oil Corporation (NYSE: FST), Petrohawk Energy Corporation (NYSE: HK [FREE Stock Trend Analysis]), Marathon Oil Corporation (NYSE: MRO), QEP Resources, Inc. (NYSE: QEP [FREE Stock Trend Analysis]), SM Energy Company (NYSE: SM), and Exxon Mobil Corporation (NYSE: XOM).
http://www.benzinga.com/analyst-ratings/analyst-color/11/01/818260/...
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I'm not quite sure what you're asking. I never said there wasn't oil production there. There just isn't a significant Anadarko operated oil producer, nor a smackover producer, in Harrison County. Several of there wells have oil production as they're cotton valley wells, but nothing over a few thousand barrels cumulative productions. My point being, the rumors our two board members have heard are nothing more than that.
There are Smackover producing wells throughout the northern counties of District 6 and there have been for some time. This isn't a new play by any means. The trick is finding it at the right depths (and other conditions) where you can make horizontal drilling economical.
In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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