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Cline Shale: Too Early to Say if it's the Oil Industry's 'Next Big Thing'


Industry Segment: Production | Word Count: 1129 Words

SUGAR LAND--October 7, 2013--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Query "Cline Shale" on Google and it won't be long before you find a startling number: 30 billion barrels of potential crude oil. Unfortunately, it's not a real number. It was a hypothetical, best-case scenario floated by an oil company two years ago. That number has been endlessly repeated on the Internet and social media over the last two years, but a more realistic analysis still shows promise.

Other companies featured: Apache Corporation (NYSE:APA), Devon Energy Corporation (NYSE:DVN), Callon Petroleum Corporation (NYSE:CPE), Gulfport Energy Corporation (NASDAQ: GPOR)

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