Point Roberts WA- November 16, 2010 (Investorideas.com Energy Newswire) – Energy Stock News- www.Investorideas.com releases new CFA commentary on share oil stocks. Energy stocks in the report include : Devon Energy (NYSE:DVN), Chesapeake (NYSE:CHK), Sandridge (NYSE:SD), ExxonMobil (NYSE:XOM), Newfield Exploration (NYSE:NFX) and American Petro-Hunter (OTCBB: AAPH).
Untapped Opportunity in Shale Oil
Lisa Springer, CFA, Equity research analyst
Independent oil and gas companies are leading the effort to develop America’s vast untapped energy reserves. It may surprise many Americans to learn that the US has immense undeveloped oil and gas resources in the Lower 48 states. A large portion of these reserves consists of oil and gas trapped in shale bedrock. Once thought unreachable, recently introduced drilling technologies have enabled the development of shale oil. Hydraulic fracturing is the technique used to release this trapped oil and gas. Wide-scale use of this technology was the main reason for a 35% surge in US gas reserves, according to a mid-year 2009 report by the Potential Gas Committee. This increase was the largest in the 44 year history of the committee. US shale gas reserves are estimated at 616 trillion cubic feet, or a third of total reserves.
Full report : http://www.investorideas.com/CO/AAPH/news/11161.asp
Lisa Springer, CFA -Bio and disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
The author, Lisa Springer is a freelance writer and was compensated for writing this article by Investorideas.com and doesn't own shares of any of the companies mentioned in this article.
More info: American Petro-Hunter, Inc. (OTC.BB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets. americanpetrohunter.com
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