The best oil investing opportunities today are more plentiful thanks to advanced technologies that make even previously played out locations viable again. Our top three oil investing opportunities include the Bakken Shale in North Dakota, the Cline Shale in West Texas, and Canyon Sands in West Texas.
Oil Investing Opportunities in the Bakken Shale
Even as recent as 2008, the USGS had predicted that no more than 4 billion barrels of oil would be able to be extracted from the Bakken reserve, but these new extraction technologies are already proving that the potential to extract much more of the trapped oil might be possible – with the help Bakken oil investment, oil production from the Bakken shale has already increased to more than 450,000 barrels per day. Revised estimates reveal that as much as 25 billion barrels of oil may now be retrievable from the Bakken, and Bakken oil investment is critical to that effort.
Oil Investing Opportunities in the Cline Shale
The Cline Shale peaked in the 1970s but with new extraction technology, this area is creating new oil and gas investing opportunity, with an estimated that 30 billion barrels of oil – significantly more than the Bakken region – that may be extractable.
Oil Investing Opportunities in the Eagle Ford Shale Region
The Eagle Ford Shale is a South Texas shale formation representing an enormous opportunity for oil and gas investing. The Eagle Ford Shale formation is extensive; it is nearly 12,000 feet deep in some spots. While the majority of this shale play runs through Southern Texas, it reaches up into Dallas County.
Oil Investing Opportunities Will Lead to Energy Independence for America
The new extraction technologies, including hydrofracturing technology, are making new oil and gas investing opportunities that have the potential of increasing the possibility of ending this country’s reliance on foreign oil and gas supplies, but oil and gas investors with a desire to achieve energy independence are required to fully exploit the opportunities available.