Tuscaloosa Shale Looks Promising

If you've never heard of the Tuscaloosa Marine Shale, nobody would hold it against you. The Bakken and Eagle Ford seem to get all the attention. While a number of other shale areas have disappointed thus far -- for example, the Monterrey and Utica --  the Tuscaloosa seems to be one of the most promising of the new shale plays. Part of the same underlying rock formation in the Eagle Ford, the Tuscaloosa Shale in central Louisiana has yielded wells which are comparable to the Bakken in both reserves and production, and nearly all production from the Tuscaloosa has been black oil.

The No. 1 operator in this shale is easily Goodrich Petroleum (GDP). While Goodrich is the biggest player in this shale, its market cap is only $850 million. Like many shale oil names, Goodrich stock has been hit hard over the last few months due to concerns about dropping oil prices. But as we will see, the economics of this shale will make sense even at $80 or $75 West Texas Intermediate (WTI)....366 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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