A few weeks ago, the mainstream media arrived late… again.
A “new” story made the rounds through the AP, ABC, and Yahoo!
The story expressed amazement that the highest average rent in the United States belongs to Williston, North Dakota instead of typically expensive locales like New York and Los Angeles.
My readers and I, of course, were not amazed. I’ve been talking about North Dakota, Montana, and the Bakken oil boom since 2007. So I had a little chuckle at how long it took the rest of the media to notice the bump in prices that comes with an increase in population.
Although I love the Bakken, I have moved on to bigger, more profitable opportunities these days…
And I think I’ve found the best one yet.
Maybe seven years from now, the media will be talking about my new favorite oil field in West Texas: the “Petroplex.”
Yes, thanks to the revolution in hydraulic fracturing, the success we’ve seen in the Bakken and the Eagle Ford is about to happen in the Petroplex… only it’s going to be a whole lot bigger this time.
You might think that sounds crazy. I mean, how could it be bigger than the Bakken, or the Eagle Ford for that matter? But it’s the truth. Here’s why…
Large parts of the Petroplex shale are between 3,500 and 4,000 feet thick. That’s about ¾ of a mile in length.
That’s huge. Nothing like it has ever been discovered before.
To give you an idea of how big that is, the Bakken reaches a thickness of 150 feet in some places; meanwhile, the Eagle Ford in South Texas is up to 400 feet thick in certain areas.
Both the Bakken and Eagle Ford are currently producing a combined two million barrels of oil equivalent per day — more than the oil produced by OPEC members Ecuador, Angola, and Qatar…
But the Petroplex in West Texas is much, much bigger.
In fact, it’s twice the size of New Jersey.
And large parts of the shale are so thick, it’s like finding 140 Bakkens — or over 100 Eagle Fords — stacked on top of one another.
That’s why, in an interview a few months ago, the CEO of Pioneer Natural Resources said:
“We believe [the Petroplex] will reach 100 billion boe recoverable reserves at some point in time [and it] could possibly become the largest oil and gas discovery in the world.”
100 billion barrels of recoverable oil would make it the second-largest oil region in the world, next to Saudi Arabia’s Ghawar oil field.
And in tandem with the rest of America’s newfound oil, the United States would become energy independent, no longer starved for OPEC crude.
The size of this play is remarkable…
Devon Energy — a $26 billion oil and gas company and one of the largest landowners in the Petroplex — has studied the formation inside and out. It estimates there’s a 9,800-square-mile block inside the Petroplex that contains 3.6 million barrels of recoverable oil per square mile.
That’s nearly 36 billion barrels of oil just in that block.
That must explain why companies have been clamoring for acreage in West Texas for the chance at what could be the largest oil field in the world.
Even Exxon, the biggest oil company in the U.S., is in on the action. It recently made a deal that gave it a controlling stake in about 34,000 acres in the Petroplex.
The agreement increased the company’s total holdings in West Texas to an astonishing 1.5 million net acres.
Now, I certainly am not suggesting you splurge on a bunch of Exxon shares. In fact, that wouldn’t be a good investment at all thanks to its $98 price tag.
However, I just found an $8 driller that has been in the Petroplex since the beginning, and it is already selling its oil to the market.
This company controls over 52 square miles of the Petroplex — enough land to blanket the entire city of San Francisco and then some.
Let me be very clear about one fact: This isn’t some wildcatter exploring for oil. It’s already found it — to the tune of more than $100 million in annual oil revenue.
And its wells are pumping out 2,350 barrels of oil per day. That’s $227,950 of oil every single day.
The best part about it is this stock is only $8 a share…
So it’s no wonder insiders have been buying the shares all year.
If you’d like to learn more about this driller, read my latest report. Maybe you and I can have another laugh seven years from now when the rest of the media starts talking about the Petroplex.
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.
Keith’s keen trading acumen and investment research also extend all the way into the complex biotech sector, where he and his readers take advantage of the newest and most groundbreaking medical therapies being developed by nearly 1,000 biotech companies. His network includes hundreds of experts, from M.D.s and Ph.D.s to lab scientists grinding out the latest medical technology and treatments. You can join his vast investment community and target the most profitable biotech stocks in Keith’s Topline Trader advisory newsletter.
