America's oil and gas boom has been staggering and is likely to continue for decades to come. Consider this:
- The US is estimated to contain 223 billion barrels of shale oil and 2,421 trillion cubic feet of shale natural gas (last year's record production was 30 trillion cubic feet).
- The Wolfcamp and Spraberry shale formations of Texas' Permian basin are estimated to contain 75 billion barrels recoverable with today's technology.
- The above estimate is up 50% from just one year ago.
- The Marcellus shale of Pennsylvania, New York, and Ohio, is estimated to contain 410 trillion cubic feet of gas; production has increased 14-fold since 2007 and is estimated to double again by 2035.
Company | Yield | Projected 10 year Dividend/Distribution Growth | Projected 10 year earnings growth | PE | Premium to historical PE |
CARBO Ceramics | 0.80% | 9.04% | 11.40% | 35.3 | 41.20% |
US Silica Holdings | 1% | 25.73% | 20.80% | 31.9 | 83.30% |
Emerge Energy Services | 3.90% | 39.44% | 33% | 53 | 9.96% |
IND AVG | 2.08% | 20.15% | 20.22% | 35.32 | 48.89% |