New Albany oil shale potential getting some print exposure-bbep owns over 100,000 net acres in Indiana/Kentucky=another option play like MI
Msg 122455 of 122459 at 9/24/2013 7:33:41 PM by
Illinois Basin’s New Albany Shale: The Next Big U.S. Horizontal Oil Play?
by Keith Schaefer on September 23, 2013
If you were on the hunt for the next big horizontal oil play in the U.S., where would you be inclined to look?
Texas? That makes sense; Texas is the top oil producing state in the country.
California? That also makes sense, California has been a top oil producing state for decades.
But Illinois? Well, would you believe it has produced 4 billion barrels already, and 4 Tcf (that would be Trillion cubic feet) of natural gas?
It’s true. And now, there are rumblings of something very significant happening again in the Illinois oil patch–rumblings of a big horizontal oil play.
Companies in the region are keeping their cards close to their vest, but there is enough information in the public domain to know that some oil companies think the Illinois Basin’s New Albany Shale could hold a sizable shale prize. In fact, I’m very surprised we haven’t heard a lot more about this basin yet....
The New Albany Shale Looks Just Like The Bakken
The New Albany Shale is Devonian age and was formed roughly 350 million years ago in a shallow sea that once covered the eastern half of the United States...."
go to investorvillage bry board to read rest or can find on a web search of new Albany shale