GREY:BXEFF - Post by User
Comment by
Steelhead15on Sep 24, 2014 4:40pm
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Post# 22967491
RE:RE:RE:RE:Buy out at 9 to 10
RE:RE:RE:RE:Buy out at 9 to 10Samsung I wonder if you've read about the years of drilling inventory built up in areas like the Permian Basin. There is 6000' of shale play in 6 or more zones. There are billions of bbls in 2P when the Eagle Ford is added. And it doesn't seem to stop with the known. There are new sites popping up. One recent revision is in OK where MRO is logging a huge increase in potential. Then the TMS is loaded, but has ledges. TMS will be figured out and unlock a couple of billion more.
There have been two Rocky Mountain ranges in the same spot. That is at least 150 mm years with that basin procucing regular oil which has been pumped and shale deposits which is much thicker and is mostly oil. The US is already the top oil producer in the world.
The whole area we now think of as the Mississippi Delta and northward has shale spread out all over. In fact all the way to Williston and Alberta. This is massive and unknown in other parts of the world.
Alberta's shale play is small in comparission. Compare 6000' of play to the Pembina area.
Sooooo... I have a 70% positive on BXE when it had been 100%. If I get my money out, I'll definitely go US all the way. It is so much oilier and thicker.