Thursday, November 3, 2011

Tuscaloosa Marine Shale - Encana (ECA) - Amite County, MS

By Tim -

The Tuscaloosa Marine Shale is located in southern Louisiana as well as southwestern Mississippi. This emerging shale play is catching the eye of drilling companies due to the oil potential there. Could the Tuscaloosa Marine Shale find be a mini Eagle Ford Shale ? Only time will tell! One thing I like to do is to buy the stocks in these new shale fields, especially when they have a huge stake in the discovery. Encana (ECA) is the stock you will want to watch. Encana has over 270,000 acres in the Tuscaloosa Marine Trend and they have already hit a 30 day initial rate of 310 barrels of oil in Amite County, MS. Stay Tuned for more details!