How You Can Get Your Hands on the Hottest Oil Patch in America
Anyone with half a pulse is probably aware of the oil boom in the United States. Names like the Bakken, Permian, and Eagle Ford shales are popping up all over the place. Pretty soon, if Halcon Resources and Goodrich Petroleum have it their way, the Tuscaloosa Marine shale will be on that list as well. Now that these two, along with Encana, have figured out how to access this shale formation economically, it's likely only a matter of time until production starts to surge.
Goodrich delivered promising well results earlier this year, while Apollo Global Management plans to invest up to $400 million in Halcon to specifically develop this particular oil patch. So now is a good time for investors to get familiar with the Tuscaloosa Marine shale and how it could impact each company.
The following slideshow is a crash course on everything Tuscaloosa Marine shale. Check it out to learn about why this formation has flown under the radar for so long, how it could make or break Halcon and Goodrich, and what we can realistically expect from each of these companies in quite possibly the next big thing in the American oil boom.
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The article How You Can Get Your Hands on the Hottest Oil Patch in America originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter: @TylerCroweFool. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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