This New Oil Patch Might Have Just Become One of the Best in America

The Tuscaloosa Marine Shale isn't exactly a name that has been associated with America's shale boom like the Bakken or the Eagle Ford, but Goodrich Petroleum's (NYSE: GDP  ) recent discovery there proved it to be very economical. Goodrich's recent well results were so good that it's even had a major effect on the stock price of Halcon Resources (NYSE: HK  ) and the only thing they have in common is that they have abutting acreage in this shale formation. 

While the geology of the region has been challenging for drillers so far, the Tuscaloosa Marine Shale has one distinct advantage over the almost all other shale formations in the U.S.: its location. In the video below, find out why the Tuscaloosa Marine Shale's location in Louisiana and Mississippi could make it one of the belles of America's oil ball.

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  • Report this Comment On April 22, 2014, at 2:15 PM, nmlobo6 wrote:

    What's in the world is Alcon????

  • Report this Comment On April 22, 2014, at 9:58 PM, smilingdon wrote:

    The U.S. is importing oil and finding more. Why does gas keep climbing other than sheer greed?

  • Report this Comment On April 23, 2014, at 2:44 PM, tekwyzrd wrote:

    The U.S. petroleum companies and their refineries produce increasing amounts of fuel and oil for export. This reduces the capacity for producing fuel and oil for domestic use causing price increases. Rather than admitting lack of capacity they resort to lies about global prices and imports. Any new oil sources found here won't be used for "energy independence" - they'll be exported.

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7/31/2014 4:02 PM
GDP $19.26 Down -1.56 -7.49%
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