NFX: Alberta Basin Bakken
Posted: Mon Feb 07, 2011 12:09 pm
Sweet 16 member, Newfield Exploration (NFX) has already drilled five verticle wells and two horizontal wells in western Montana's Alberta Basin Bakken play. NFX has a large leasehold position already and they are agressively getting more.
Read this: http://www.beatingtheindex.com/
Rosetta Resources (ROSE), a company high on our Watch List is also very active in the play and they have anounced that up $40 million in capital will be invested in it during 2011. ROSE has drilled seven wells, one with a 4,000 ft. horizontal leg.
Primary Petroleum (PETEF.PK), a micro-cap that hosted our EPG luncheon last week holds over 200,000 net acres just to the south of NFX and ROSE.
Read this: http://www.beatingtheindex.com/
Rosetta Resources (ROSE), a company high on our Watch List is also very active in the play and they have anounced that up $40 million in capital will be invested in it during 2011. ROSE has drilled seven wells, one with a 4,000 ft. horizontal leg.
Primary Petroleum (PETEF.PK), a micro-cap that hosted our EPG luncheon last week holds over 200,000 net acres just to the south of NFX and ROSE.