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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (181384)	11/17/2013 3:50:01 PM
From: RevoltNapper6	Respond to of 206097

Cline Shale -- mineralrightsforum.com Conclusions The Cline Shale is a small subset of development opportunities offered by the Permian. (In fact, one of the reasons the Cline play has gained strong momentum, Cline wells provide the advantage of holding by production the entire mineral stack above it as well as helps to map out with a great degree of precision all target intervals above it). Early results in the Cline are truly impressive (so are results in the more actively drilled Wolfcamp interval). There is very little doubt already at this point that both the Wolfcamp and the Cline will become large-scale, highly economic plays and significant contributors to the U.S. unconventional oil production. Pioneer's wells establish that the Cline is most likely highly prolific all the way across the basin and effectively de-risk an enormous area with dimensions of approximately 80 miles by 40 miles. Recent SM Energy's (SM) Dorcus well results and discussion show that the play likely works even further west, almost all the way to the edge of the Midland Platform. Pioneer and Apache are among the greatest beneficiaries of the delineation due to the two companies' massive acreage holdings in the basin. No surprise, Pioneer's stock moved 7% higher upon the issuance of its recent well results yesterday. If one could extrapolate play evolutions in the Bakken and Eagle Ford, it would be only logical to expect that the Permian will follow on the same trajectory as the other two basins, just with a steeper learning curve, and will ramp up much quicker than skeptics may currently believe. Provided of course that oil price remains at its current $90-$100 per barrel level (something that can never be taken for granted). Disclaimer: Opinions expressed herein by the author are not an investment recommendation and are not meant to be relied upon in investment decisions. The author is not acting in an investment advisor capacity. This is not an investment research report. The author's opinions expressed herein address only select aspects of potential investment in securities of the companies mentioned and cannot be a substitute for comprehensive investment analysis. Any analysis presented herein is illustrative in nature, limited in scope, based on an incomplete set of information, and has limitations to its accuracy. The author recommends that potential and existing investors conduct thorough investment research of their own, including detailed review of the companies' SEC filings, and consult a qualified investment advisor. The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified. Therefore, the author cannot guarantee its accuracy. Any opinions or estimates constitute the author's best judgment as of the date of publication, and are subject to change without notice. Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.