Sunday, December 08, 2013

"How Much Is the Shale Oil Windfall Really Worth?" SEC and Analysts Ask

Wells in the Eagle Ford are producing both crude oil and condensates, which is complicating investors' assessments of producers' oil reserves. (Credit: Carrizo Oil and Gas) Click to enlarge.
The hydrocarbon production pouring in from the Eagle Ford Shale formation in South Texas is being hailed as a great new American crude oil bonanza. And it is, analysts agree -- except that a third or more of the production isn't crude oil at all.

"How Much Is the Shale Oil Windfall Really Worth?" SEC and Analysts Ask
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