Eagle Ford

[dan_s]

I will be making some changes to the Sweet 16 after I see Q4 results. I want to increase our exposure to the Bakken and Eagle Ford. Below is a quote from today's, Raymond James "Energy Stat of the Week".

"The Eagle Ford has developed seemingly overnight into the single most important driver for U.S. oil production growth over the next 5-10 years. The potential of the play is probably best evidenced by its skyrocketing rig count, which grew from 63 rigs in January 2010 to 233 rigs at year-end 2011 (vs. 195 in the Williston). We expect to see rapid production growth as these new rigs translate into producing wells. Already, Eagle Ford crude output has grown exponentially from a measly 8,000 Bpd in January 2010 to well over 200,000 Bpd in August 2011 (including condensate). This growth rate would have been even greater if the oil and gas production wasn’t restricted by infrastructure constraints That said, we expect transport issues to slowly fade as Eagle Ford crude pipeline capacity increases from 220 MBpd in 1Q12 to 830 MBpd by the end of 2Q12 and 1,100 MBpd by the end of 2012. Note that we don’t expect monthly Eagle Ford production to reach 1,000 MBpd until November 2013 but by the end of 2015, we expect Eagle Ford production alone to exceed 1,600 MBpd."

NOTE: I'm very bullish on the Midstream MLPs. They are in the "Sweet Spot" as the oily shale plays are developed.

[dan_s]

Rosetta Resources (ROSE) is now almost a pure play on the Eagle Ford.

[danross70]

Got ROSE, got EOG. Who else is big in the EF?

[dan_s]

CRZO and GEOI have drilling programs in the Eagle Ford.

[dan_s]

Check out the new Derrick Petroleum link on the lower right side of our Home Page. Run a Document Search on "Eagle Ford" and several more companies will come up.

This is a valuable research tool.