Some of the EF leases were going in DeWitt and Karnes County for 5 grand.
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Seems to me I’ve read somewhere that the leases out in the permian basin can go much higher.
A sharp play would be to figure out who the smaller players were owned who the land in the Permian basin over the big plays. There are small cap oil companies who own bits and pieces of land here and there in permian basin. These companies make their money by selling out the majors at huge mark ups. and their stocks double and triple overnight.
The problem is that you have to figure out which of these small companies have bought the rights to land with big deposits beneath. (you find that stuff out by traveling around and attending conferences.)
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There is a formation that seperates the EF and Anahuac Shales in depth and north/south. We are down coast of EF and up coast of the Anahuac if that makes sense.
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No not really. But you can see in this map that the Eagle Ford is part of a much larger hydrocarbon basin that runs along the coast. They’re both running north east by southwest except for the southernmost portion of the basin which goes straight south into Mexico.
http://www.foxbusiness.com/static/managed/img/fb2/news/shale-plays-map-big.jpg
No there is a geological rift formation in the ground that seperates the two formations. A rock ledge if you will and an elevation change in most places. It does not mean that these two stratas do not touch somewhere, but they are actually two distinct stratas.
Think of water tables.
