Oklahoma SCOOP / STACK

[dan_s]

This taken from an analyst's report I got this morning.

"We think the Meramec could receive further support from CLR on the heels of encouraging initial results from XEC, MRO and NFX. CLR will likely unveil results from its first Meramec test – the Ludwig 1-22-15XH, a long-lateral (9,875 ft.) on its 134,000 net acre position with Q2 earnings, and we believe management will at least be encouraged enough to keep its current rig running in the play and may even choose to add an additional rig. Also with Q2 earnings, we won’t be surprised to hear that CLR has made future plans to test the Osage formation, which sits directly underneath the Meramec zone. Furthermore, we have heard from industry sources that up to three sizable Meramec positions may soon be on the market (two private deals; one public) – we expect quite a bit of interest in these deals, with potential positive read-throughs to XEC, MRO, NFX, CLR, CHK and GST."

DVN also has some exposure to this big play.

GST has the most upside if Wall Street gets excited about SCOOP/STACK. I think Gastar's position in Oklahoma is worth more than the entire market cap of the company right now.