Hydrocarbon production from American shale formations has been called a revolution. In areas of the domestic US, such as in north eastern Texas, in the Barnett Shale and Marble Falls formations, a boom in shale oil and gas production has become a critical factor in the US domestic energy security equation, and has created excellent opportunities for early stage investors.
The combined technologies of horizontal drilling and hydraulic fracturing have created new opportunities through enhanced recovery rates and, at the same time, reduced drilling risk—resulting in better overall economics and potential ROI.
The boom has made the Barnett Shale and other shale formations somewhat familiar to many resource investors. Recent years of success have, in effect, made land acquisition one of the most important tactics for reducing risk in these shale formations. Indeed a company’s approach to property selection may be the single, most critical decision in Barnett Shale plays at present, given the reduction in risk due to advances in exploration and recovery techniques.
Santa Fe Petroleum Inc., (SFPI) a newly minted venture, has begun to move forward with strategy aimed at maximizing growth through a prudent and well-informed plan.
Shares look a better prospect than commodities for investors, given the relative strength in raw material prices and their vulnerability to tighter regulation - besides any economic setbacks, ABN Amro said.
BAGHDAD (AP) -- An Iraqi oil official says China's National Petroleum Corp. has begun pumping oil from al-Ahdab oil field in central Iraq.
Oil Ministry spokesman Assem Jihad says production will be ramped up to 60,000 barrels per day.
"If the world economy gets better, I earn my money on commodities. If the global economy gets worse, then they will print more money and I will make money in commodities." Jim Rogers