Right here in America there is a modern day oil & gas boom. Using a geology-based assessment methodology, the U.S. Geological Survey estimated mean undiscovered volumes of 3.65 billion barrels of oil, 1.85 trillion cubic feet of associated/dissolved natural gas, and 148 million barrels of natural gas liquids in the Bakken Shale Formation of the Williston Basin Province, Montana and North Dakota.

Oil And Gas Boom Plays In The USA And Canada

Antrim Shale ANWAR Oil Shale - Austin Chalk - Avalon Shale - Bakken Oil Shale - Barnett Shale- Bone Spring - Bossier Shale - Brazil Oil Field - Cardium Shale - Chainman Shale - Chattanooga Shale -Collingwood Shale - Cumnock Shale - Duvernay Shale - Eagle Ford Shale - Exshaw Shale - Fayetteville Shale - Granite Wash - Green River Basin Oil Shale - Haynesville Shale - Horn River Shale - Huron Shale - Kern County Oil Field - Leonard Shale - Marcellus Shale - Monterey Shale - Montney Shale -Niobrara Shale - Permian Basin - Piceance Basin - Smackover Brown Dense Formation - Spraberry Field - Tuscaloosa Marine Shale - Utica Shale - Wolfberry Trend - Wolfcamp Shale - Woodford Shale -Oil Sands - China Shale - Mineral Rights - Index of Shale

Thursday, July 14, 2011

How to make 25% return in energy over the next three months

Once production in the Bakken begins ramping up, these companies will soar from current levels
Companies operating in the Bakken have been crushed over the past three months... 
The Bakken is one of the most promising shale areas in the U.S. It covers 200,000 square miles across Montana, North Dakota, and Saskatchewan. Based on estimates by the U.S. Geological Survey, the Bakken is the largest oil field discovered in more than 40 years. 
The early players who set up shop in the Bakken have been printing money. But last quarter, companies with big exposure to the promising area reported horrible earnings results. Production estimates for the next quarter were significantly lowered. 
That's because the Bakken experienced what one oil and gas company called "the worst winter in 100 years." Roads were closed... Areas were flooded... Production came to a complete halt. 
After the disappointing earnings reports, most Bakken companies collapsed. For example, Whiting Petroleum, Magnum Hunter, and U.S. Energy pulled back roughly 20% to 30% in just three months. (For comparison, the S&P 500 is up about 1% in the same time frame.)
Source: Stockhouse
Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Oil and Gas Stocks Research

Loading...