Eagle Ford news (acquisitions, investments etc) of the last 30 days:
Devon Subsidiary Constructing New Eagle Ford Oil Pipeline/
Abraxas Raises Eagle Ford Cap-Ex Budget by $35 Million/
Sun Resources Acquires 5,014 Net Eagle Ford Acres/
Sundance Energy Acquires 11,000 Net Eagle Ford Acres for $33-Million/
Sanchez Nearly Doubles Eagle Ford Acreage in $265 Million Deal with Shell/
Koch Expands its Eagle Ford Crude Oil Pipeline System/
Cabot Oil & Gas To Expand Eagle Ford Drilling Program/
Panhandle Oil and Gas Acquires Interest in Eagle Ford Acreage for $80 Million/
Sabine Oil & Gas Merger with Forest Oil Corporation/
Penn Virginia Seeks to Expand Eagle Ford Position/
Encana Corporation Purchases 45,500 net Eagle Ford acres from Freeport-McMoRan for $3.1 billion/
If LNREF stays for long so cheap, very soon larger oil cos will start the bids with significant premium.
That's a lot of investing in over the last 30 days. Being a driver for a petroleum truck company who provides diesel fuel to the machinery out there and hauling the oil extracted by the same companies we supply fuel to I can tell you firsthand it's booming out there.
With OPEC is becoming more and more of a non player with their long controlled price of oil ail is creating more leverage by US oil. The US domestic oil is closing in on controlling the world's price of oil. Give the US another year and OPEC will be on their knees begging the US to increase or decrease its production in order for them to continue to be a player in the oil markets.
Lonestar is set to make a fortune in the US domestic oil boom as more US refineries use domestic oil for gas and natural gas.