The enormous prospects in the Eagle Ford are discussed as well as the 5 shale oil companies with the best prospects in a recent article by Chris Stuart on thestreet.com. Within the article, two of our most knowledgeable experts discuss why it’s not too late to invest in this booming shale.
Jason Simmons and Chris Smith say they expect the surge in the Eagle Ford to continue for more than one reason.
“Texas is such an oil friendly state,” Simmons and Smith stated. “And the high percentages of available oil (as compared to gas in other shale regions) combined with such high rates of return on investment make Eagle Ford a very attractive area”.
There are two ways investors can capitalize on this prospering shale. The first is to invest in the biggest producers in the region. The second option is to find smaller companies with sizable acreage that could become takeover-targets for oil conglomerates looking to expand in a very active region. Pursuing opportunities to capitalize on the liquid-rich land and high oil prices, Marathon Oil has recently purchased 141,000 acres in the Eagle Ford from Hillcorp Resources at the highest acquisition price in the area’s history, near $25,000 per acre.
The top 5 shale oil companies with the best prospects in the Eagle Ford are as follows:
- EOG Resources
- Goodrich Petroleum
- Carrizo Oil and Gas
- Magnum Hunter Resources
- SM Energy
As always, for the best data on the Eagle Ford, log on to www.drillinginfo.com. If you’d like more information on Energy Strategy Partners or any Drillinginfo’s effective platforms, contact us at (888) 477-7667 ext. 1 or [email protected].