Cardium Shale - Alberta Canada Oil Field - Devon Energy (DVN)

By Tim - http://oilshalegas.com

Devon Energy has also confirmed positive results in the Cardium Shale oil field. Located west of Alberta Canada, the Cardium Shale is a new emerging oil field.

On the exploration front in Canada, we continue to evaluate the oil and liquids-rich potential of numerous play types across our more than 4 million net acres. Our most encouraging results from our 2011 program came in at the Ferrier Area where we are targeting cardium oil. We drilled 8 wells in the area and saw 30-day IP rates as high as 940 barrels of oil equivalent per day.

This could be a sign of things to come. One thing is for sure, Forest Oil (FST), Exxon Mobil (XOM), and ConocoPhillips (COP) are drilling for oil in the Cardium as well.

http://www.oilshalegas.com/cardiumshale.html

http://blackberrystocks.blogspot.com/

Cardium Shale is Heating Up in 2012

By Tim - http://oilshalegas.com

Oil and Gas companies are starting to release their earnings and operational reports. In going through these reports, something stuck out to me so far. The Cardium Shale is heating up!

The Cardium Shale is an oil field located in Western Alberta Canada. Exxon Mobil (XOM) recently stated that they had very encouraging results so far in the Cardium Formation. Here is what they said below.

"In Canada, we have had encouraging early results in the Cardium, with 2 wells on production at year end and additional drilling planned in 2012."

This could be a sign of things to come. One thing is for sure, Forest Oil (FST), Devon Energy (DVN), and ConocoPhillips (COP) are drilling for oil in the Cardium as well.

http://www.oilshalegas.com/cardiumshale.html

http://blackberrystocks.blogspot.com/