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Small Oil Companies Making the Best of the Bakken

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August 31, 2011 – Comments (0) | RELATED TICKERS: CRED.DL , AXAS , USEG

Despite the fact that the markets have taken a bit of a down turn, this has created a great buying opportunity for investors. Various stocks working in the Bakken which is allowing for better opportunities both for the company and investors. Michael Filloon has found a few companies doing just this.

 

Abraxas (AXAS) has done a very good job of purchasing acreages in some of the best plays in the United States. Its current properties are:

Williston Basin (20835 Net Acres)

Niobrara (17800 Net Acres)

Eagle Ford (12073 Gross Acres)

Alberta Basin (10000 Net Acres)

Pekisko Fairway (9120 Net Acres)Texas Oil Plays (8700 Net Acres)

 

Credo Petroleum (CRED) is a play on five resource areas:

Central Kansas Uplift (150000 gross acres)

NW Oklahoma (75000 gross acres)

Southern Oklahoma (10000 gross acres)

Williston Basin (7000 gross or 6000 net acres)

Texas Panhandle (3000 gross acres)"

 

Find additional research and charts here: http://turnkeyoil.com/2011/08/29/small-oil-companies-making-the-best-of-the-bakken/

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