The Offshore Technology Conference (OTC) has really outgrown its name. While the name indicates an offshore focus, you’ll find companies who service the oil & gas industry in all walks on and off shore. [Read more…]
If you are a stockholder in oil and gas companies, you are hoping everything lands where Mark Papa sees it. He believes unconventional gas and oil companies have been undervalued long enough.
EOG has reported recoverable reserves up to 900 mmboe in the Eagle Ford Shale, but Papa mentions that the company estimates there is as much as 21 Billion barrels of oil in place across EOG’s acreage. The 900 mmboe equates to a recovery factor of less than 5%. Grow the recovery to 10, 15, 0r 20% and it could mean billions of dollars for stockholders. [Read more…]