Bloomberg did some digging into what the breakeven points for extracting oil in Texas were and the Eagleford shale came out a winner. These fuckers aren’t interested in shutting in wells. Instead, they’re shifting to lower cost well sites and scheming up ways to produce with lower costs.
We will be swimming in oil for the foreseeable future.
Some Eagleford Shale plays include CHK, SN, JPEP, DVN, CRZO, MTDR, PXD, COG and SM.If you enjoy the content at iBankCoin, please follow us on Twitter