Cline Shale: Too Early to Say if It's the Oil Industry's 'Next Big Thing,' an Industrial Info News Alert
SUGAR LAND, TX--(Marketwired - Oct 7, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Query "Cline Shale" on Google and it won't be long before you find a startling number: 30 billion barrels of potential crude oil. Unfortunately, it's not a real number. It was a hypothetical, best-case scenario floated by an oil company two years ago. That number has been endlessly repeated on the Internet and social media over the last two years, but a more realistic analysis still shows promise.
Other companies featured: Apache Corporation (NYSE:APA), Devon Energy Corporation (NYSE:DVN), Callon Petroleum Corporation (NYSE:CPE), Gulfport Energy Corporation (NASDAQ:GPOR)
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