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James Stafford

James Stafford

James Stafford is the Editor of Oilprice.com

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Our Top Pick for the Next Bakken/Eagle Ford

In the coming weeks, we’re going to detail all the potential candidates, but we’re starting out with what is hands down THE next venue to play, why we believe this to be true and where to put your money.

We take you to the eastern flank of the Permian Basin in Texas where by all analysis there is 30 billion barrels of recoverable oil buried in the shale. This is the Cline Shale, and trust us when we say it’s the hottest place to be right now outside of Bakken and Eagle Ford. In fact, we think it will end up dwarfing them.

This isn’t an IF, it’s a WHEN. By the third quarter of this year, the rush on Cline will already have started in earnest with a massive drilling campaign, so if you’ve been slow to catch on to Cline, now is the time to shift into fifth gear. 

The interest in Cline began to mount about this time last year, and Shell and Chevron, who had abandoned the area a while ago—before the hydraulic fracturing boom—are now itching to get back. 

Cline Could Blow Bakken and Eagle Ford Away

First let’s look at the windfall that has been Bakken and Eagle Ford. This is mind-blowing in and of itself. For Texas, the economic impact from Eagle Ford alone was $61 billion in 2012. Simply put, Eagle Ford was THE biggest oil and gas revolution of 2012—on a global level.
Now let’s look at the oil figures, and this is where it gets really interesting:

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