Back in 2010, a deputy to the most powerful oilman in the U.S. once quipped at a conference in San Antonio, “We were charged with finding something that looked like the Haynesville and ended up in Eagle Ford. Good thing we went looking.”
His boss, one of the most prominent modern-day oil pioneers in the U.S., has made a habit of turning desolate patches of land into prolific oil and gas plays.
And as you might have guessed from the deputy’s remarks in San Antonio, his company’s CEO carved a $12 billion fortune out of the South Texas play that is practically a household name at this point.
Thing is, this guy isn’t the type of person to just sit back and relax.
Rather than resting on his laurels, he’s already moved on to a new, profitable chunk of shale oil real estate.
However, before I tell you about this oil pioneer and where his next billion-barrel target is located, let’s take a second and see why adding this new shale play into the mix is so critical for the U.S.
America Goes Off the Wagon… Again
Last month, British Petroleum released its annual report on world energy statistics.
Based on data from 2013, the report said the United States unseated China from the top spot in oil production growth.
In other words, U.S. oil consumption grew by 400,000 barrels per day to a total of 18.9 million barrels per day, while China’s consumption grew by 390,000 barrels to 10.8 million barrels each day.
This is the first time since 1999 that our oil consumption growth has outpaced China’s. So it isn’t a stretch to say that to sustain relatively low gasoline prices (that’s right, $3 is the new cheap pump price), we’ll either have to drastically curb demand or generate more supply.
Notice that last year was the first year since the recession that gasoline demand in the U.S. increased over the previous year.
I’ll let you take your pick as to why: the improving economy or a glut of oil supply. Both have made it all too easy for us to hop off the wagon and buy 134.5 billion gallons of gasoline in 2013.
So it’s a good thing the contemporary oil baron we’ve been following discovered the Eagle Ford’s potential.
After all, more than a million barrels per day are flowing out of South Texas on a daily basis, and that’s helped push gas prices lower in early July.
And like I mentioned, this man built a $12 billion empire in the Eagle Ford, and we would do well to follow his lead…
How to Pocket $45,560 Off His Next Big Move
His name is Ellis White, and his resume reads like the diary of the oil barons from the early 20th century.
Not only did he make a name for himself before he helped launch the Eagle Ford Shale into the spotlight, but he’s also had a long career of building tiny, unknown companies into multi-million-dollar enterprises.
Now Ellis is moving onto greener pastures…
Above is a photo of a well pad in the Tuscaloosa Marine Shale.
Haven’t heard of the Tuscaloosa Marine Shale before? Don’t worry; I have a feeling you aren’t alone. Stretching across parts of Louisiana and Mississippi, this emerging oil play will has yet to step into the limelight. But it will soon.
Of course, it’s almost too easy to see why White’s latest venture is one of the major operators and holds a sizable position in the play.
At stake is an estimated 7 billion barrels of oil, and perhaps the most lucrative part about this story is that it’s still in the early stages.
Just think… what if you were able to go back to 2007 and put your hard-earned money to work in a Bakken stock? Ever wonder how it would perform against one of the supermajors we constantly read about?
Well, I’ll show you…
You can see for yourself that anyone with the forethought to bet on early Bakken drillers like Continental Resources would be sitting on lucrative gains.
That’s the kind of situation we’re in right now.
Until next time,
Keith Kohl
Check us out on YouTube!A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.
For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.
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