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I know that some companies have said that they can still make money even if oil is in the $40 range. Are there any maps that show what part of the Eagle Ford shale this is possible?Continue
Has anyone seen activty going below the Olmos formation in NE Frio county/SE Medina county? I have 1500 acres on the old Bear Creek Oil Field ESE of Devine. A neighbor has been approached about sinking a well down to the Buda formation. Most of our…Continue
From the November 5, 2014 investor conference call: "At $80 oil, the Eagle Ford will still generate after tax rates of return in excess of 100%. At less than $40 oil we would still achieve a minimum 10% of direct after tax rate of return."Continue
WTI = West Texas Intermediate. Oil from "landlocked fields" such as Bakken Shale and Permian Basin often trades at WTI price or lower.Tweets by @BHInc