"As the crude powerhouse that is Texas’ Permian Basin becomes old news, oil explorers are looking for the next big thing--and they have found it in the more-than 4000 feet of stacked pay in Wyoming’s Powder River Basin. In Powder River, Big Oil has found less-congested pipelines, cheaper land, and more importantly, a whole lot of oil."
Read: https://oilprice.com/Energy/Energy-Gene ... State.html
EOG Resources recently announced that they have two new oil plays in the Powder River Basin that they rank as "Premium". That means that EOG has more than 1,500 drilling locations that will generate over 100% after tax rates of return at $60/bbl oil.
The next "Big Thing"
The next "Big Thing"
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group