For Investors Only: Interested In Both the Bakken and The Eagle Ford (Texas) -- EOG

Link here. This SeekingAlpha story has five companies, including EOG, that could soar in the Texas Eagle Ford.

Some are calling it the most revolutionary energy find since the Spindletop gushers sparked the Texas oil boom of 1901. Others are going even further, claiming it could be the single most significant economic development in the history of the Lone Star State. Any way you look at it, the Eagle Ford shale, spanning 14 counties across south Texas, has huge potential to make an impact on the fossil fuel industry.

The under-hyped Eagle Ford shale covers over 6 million acres, with some experts suggesting that the reserves could eventually yield in excess of 10 billion barrels of oil. The number of drilling permits issued has skyrocketed in the past year and a half, from a total of 94 issued in 2009 to well over 1,000 in 2010. The area’s high percentage of carbonate shale means that more oil can potentially be produced than natural gas, and technological advancements like horizontal drilling will help exploit the area’s resources to the fullest extent. 

For comparison, the Bakken may hold up to 24 billion barrels of recoverable oil.