Seismic reflections: An exciting investment story

Seismic reflections: An exciting investment story

Published on 24 June 2011

US shale oil projects are red hot. Indicative of this is Marathon’s recent $3.5bn acquisition of Hilcorp Resources, the owner of some prime acreage in the Eagle Ford play in South Texas. The deal values Hilcorp at an unprecedented $25,000/acre and the potential resources at $8/barrel. We believe US shale oil is one of the most exciting investment stories in oil and gas presently by virtue of the scale, quality and location of the resources available and the potential returns available at current prices.

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Energy & Resources

Still bearish

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