Tag Archives: Rosetta Resources

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Eco-Trade Corporation Provides Analyst Insights into Bakken Oil Formation and Comments on Its Oil Pr

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By Business Wirevia The Motley Fool

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Eco-Trade Corporation Provides Analyst Insights into Bakken Oil Formation and Comments on Its Oil Prospect in Montana

GREAT FALLS, Mont.–(BUSINESS WIRE)– Eco-Trade Corp. (OTCQB: BOPT), an independent oil and gas exploration Company, today provided insights on its property with the Bakken now being one of the largest sources of crude production in the USA and being considered to be a game changer in achieving American energy independence.

According to an article on CNBC, Fadel Gheit, an energy analyst at Oppenheimer, noted, “With U.S. crude oil hovering above $90, drilling in Bakken is like printing money. Capital is coming from all around the world, even Europe and Asia. It has single-handedly changed the outlook for oil production.” Gheit also called Bakken’s crude “one of the purest oil plays because it is comprised of 90 percent oil and 10 percent natural gas. Better technology and capital investment will only ramp that up.”

“The outlook for Bakken crude production over the next few years is promising, and many of the government reserve estimates could be understating the potential of Bakken and some of its surrounding formations,” Platts Energy news said. And a recent article on SeekingAlpha.com noted that Barron’s financial magazine reported that a Citigroup strategist said the exploration and production subsector of the energy sector looks “strong” due to favorable valuation factors. Also, in late March 2013, an article on Morningstar said that the energy sector remains “materially” undervalued.

According to BMO capital Markets, “While the play is still emerging, the Alberta Bakken appears to be developing into a potential new unconventional tight oil resource play.”

On Monday, Crude oil for May delivery gained 66 cents, or 0.7%, to settle at $93.36 a barrel on the New York Mercantile Exchange. The contract had touched an intraday high of $93.75.

Eco-Trade Corp. noted the following about its prospect:

1. It is located in the prime thermal maturity zone, where Vitrinite Reflectance (Ro) is between 0.7% and 1.5%. This is where oil generation in the Bakken is at its highest level.

2. Major oil companies are aggressively purchasing mineral leases and drilling in the Bakken Fairway including Rosetta Resources, which has drilled over 6 exploratory wells and confirms “significant oil hydrocarbons in place, 13-15 MMBOE per section, and over-pressured reservoirs.”

3. The prospect area is easily accessible, serviced by many highways and nearby towns, and the land itself is largely gentle rolling hills.

4. Drilling depth for …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Eco-Trade Corp. (BOPT) Reports That Property is in Emerging Montana Section of Alberta Bakken Fairwa

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By Business Wirevia The Motley Fool

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Eco-Trade Corp. (BOPT) Reports That Property is in Emerging Montana Section of Alberta Bakken Fairway with Neighbors in General Vicinity Including Rosetta Resources, Primary Petroleum, Stone Energy and FX Energy, Inc.

According to BMO capital Markets, “While the play is still emerging, the Alberta Bakken appears to be developing into a potential new unconventional tight oil resource play”

GREAT FALLS, Mont.–(BUSINESS WIRE)– Eco-Trade Corp. (OTCQB: BOPT), an independent oil and gas exploration Company, today comments with reports that its neighbors in general vicinity include Rosetta Resources, Primary Petroleum, Stone Energy and FX Energy, Inc.

The advent of the Alberta Bakken Fairway creates another opportunity for Bakken production outside of the boundaries of the Williston Basin. The Bakken Fairway was first discovered and drilled in Alberta, Canada, but now extends deep into northwest Montana into Lewis & Clark County where it is bordered by the Rocky Mountain Thrust Zone on the west and the Sweetgrass Arch to the west.

Major oil companies have now made the early move into the Bakken Fairway of northwest Montana and activity is accelerating rapidly. Rosetta Resources (NAS: ROSE) , Newfield, and Primary Petroleum (PIE.V) are the largest and most active to date. Other companies in the general vicinity include Stone Energy (NYSE:SGY ), Anschutz Exploration Corp., Quicksilver Resources Inc. NYSE: KWK, Fairways Offshore Exploration Inc., Arkanova Energy Corp. (AKVA:OTC US), FX Energy, Inc. (NAS: FXEN) and American Eagle Energy Inc. (AMZG: OTCBB).

Rosetta reportedly has a new discovery well with an IP of 450 BOPD north of the prospect area, and Primary Petroleum completed a Bakken well just west of the prospect area. Rosetta’s initial discovery well in 2009, the Gunsight 31-16V, found oil saturation in the Lodgepole, Bakken, Three Forks and Nisku. To date, Rosetta has drilled 6 exploratory wells and confirms “significant oil hydrocarbons in place, 13-15 MMBOE per section, and over-pressured reservoirs.”

According to BMO capital Markets, “While the play is still emerging, the Alberta Bakken appears to be developing into a potential new unconventional tight oil resource play.”

A company spokesperson noted, “Given our location to strong and insulated markets situated in areas of pro-industry regulation and minimal environmental opposition, we have developed assets that have the potential of being very valuable to our shareholders. There are numerous competing pipeline companies and end-users providing us with an active market for our petroleum products in an industry that continues to grow to meet worldwide demand.”

…read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Eco-Trade Corp. (BOPT) Reviews Report That Estimates Reserve of between 80 and 120 Million Barrels o

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By Business Wirevia The Motley Fool

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Eco-Trade Corp. (BOPT) Reviews Report That Estimates Reserve of between 80 and 120 Million Barrels of Oil at its South Bakken Prospect

Data released by the EIA found that November and December oil production in the USA was at its highest levels since December 1992

GREAT FALLS, Mont.–(BUSINESS WIRE)– Eco-Trade Corp. (OTCQB BOPT), an independent oil and gas exploration Company, has received a third party report that estimates that the unproven recoverable reserve is between 80 and 120 million barrels of oil at its South Bakken Prospect according to a report issued by BAKKENQUEST, LLC from Clancy, MT.

In the report, the South Bakken Prospect has a potential reserve of between 80 and 120 million barrels of oil based on 9 sections within the property 10 to 15 MMBO per section recoverable. Major oil companies are aggressively purchasing mineral leases and drilling in the Bakken Fairway including Rosetta Resources, which has drilled over 6 exploratory wells and confirms”significant oil hydrocarbons in place, 13-15 MMBOE per section, and over-pressured reservoirs”.

The U.S. Energy Information Administration (EIA) recently released its monthly report on petroleum supply and found that U.S. crude oil production exceeded an average of 7 million barrels a day between November and December of 2012. This represents the highest levels of production since December 1992.

Canon Bryan, Director at Eco-Trade, noted, “By the time we have acquired a property or have signed a prospect development agreement, we have an excellent idea where our assets are positioned. It is at this stage that we spend our energies and expertise mapping out the best strategies to build solid returns on investment.”

About Eco-Trade

Eco-Trade is fully-reporting, independent oil and gas exploration company, that has drilling and production rights on a property in Lewis & Clark County in Montana, near Great Falls totaling over 5,800 acres called the South Bakken Prospect. Please visit www.ecotradecorporation.com

Safe Harbor

The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. You should carefully review the information disclosed within the section entitled “Risk …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

These Winners Couldn't Save the Dow's Record Streak

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By Dan Caplinger, The Motley Fool

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No market can go up forever, and the Dow Jones Industrials finally gave in to the inevitable, failing to set its ninth straight record and instead closing down 25 points. All in all, though, the stock market was still pretty optimistic, allowing neither inflationary pressure on consumer prices nor weaker consumer confidence cause a major reversal. Broader market measures also finished modestly lower, with the S&P 500 finishing less than five points below its own all-time record high.

But some stocks in the Dow certainly tried their best to extend the average’s winning streak. Bank of America soared almost 4% on news that it would buy back more than $10 billion in common and preferred shares, finally delivering on the much-anticipated hope that the company would return capital to shareholders. Yet those wanting higher dividends than the token $0.01 quarterly payout per share have to be disappointed by the emphasis on buybacks, especially with the shares trading almost 150% above where the company could have repurchased them in late 2011.

Boeing also finished higher, rising more than 2% as the company said it believes that its grounded 787 Dreamliner could be back in the air within weeks after it implements a fix for its lithium-ion battery problems. Once that problem is finally in the past, investors should be able to refocus on the trillion-dollar potential that the aerospace industry has for Boeing in the coming decades.

Outside the Dow, Comstock Resources vaulted higher by 13% after fellow independent oil and gas producer Rosetta Resources agreed to buy Comstock assets in West Texas in the Permian Basin area. The move will help diversify Rosetta’s heavy concentration in the Eagle Ford area, but it will give Comstock more cash to spend on capital expenditures to build up its Eagle Ford presence.

More records in store?
Even though the Dow’s record streak may be over for now, the stock market isn’t doomed to fall further. The strength of these winning stocks is just one example of how, even in a down market, you can find winners that will serve you well both now and for the long run.

The big question that Bank of America shareholders are trying to figure out is whether the stock can keep winning after having doubled in 2012. In The Motley Fool’s premium research report on B of A, analysts Anand Chokkavelu and Matt Koppenheffer lift the veil on the bank’s operations, giving the pros and cons of investing in Bank of America right now. Don’t wait another minute — click here now to claim your copy.

var FoolAnalyticsData = FoolAnalyticsData || []; …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Why Comstock Resources' Shares Popped

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By Travis Hoium, The Motley Fool

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Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.

What: Shares of Comstock Resources jumped as much as 18% today after announcing an asset sale.

So what: Comstock is selling 53,306 net acres in the West Texas Permian Basin to Rosetta Resources for $768 million. The money will be used to pay off debt and increase its drilling program in the Eagle Ford shale.

Now what: Capital expenditures are now expected to be $410 million for drilling activities, of which $312 million will be spent in Eagle Ford. I think the move to reduce debt and improve liquidity will be a positive for shareholders going forward. Still, I’d like to see consistent profits before jumping in, especially at this elevated price.

Interested in more info on Comstock Resources? Add it to your watchlist by clicking here.

The article Why Comstock Resources’ Shares Popped originally appeared on Fool.com.

Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Business, Finance, Occupation & Industry

Why Clayton Williams Energy's Shares Popped

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By Travis Hoium, The Motley Fool

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Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.

What: Shares of Clayton Williams Energy were up 10% today after an asset sale took place near its properties.

So what: Rosetta Resources bought 53,306 acres in the West Texas Permian Basin from Comstock Resources today, and with Clayton’s big exposure to the area, shares have shot higher. This could at least give Clayton flexibility to sell assets if it feels it can get a good price to pay down debt.  

Now what: Since the news today wasn’t specifically about Clayton Williams, I wouldn’t change my investment thesis, but it could be a good sign for the company’s assets. I’d be more concerned about continued growth and exploiting the existing acreage before speculating on asset sales. I also don’t think this suddenly makes the stock a buy, and shares will likely settle down after the euphoria of today’s sale wears off.

Interested in more info on Clayton Williams Energy? Add it to your watchlist by clicking here. 

The article Why Clayton Williams Energy’s Shares Popped originally appeared on Fool.com.

Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Business, Finance, Occupation & Industry

Rosetta Resources Buying Permian Basin Assets From Comstock Resources

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By Aimee Duffy, The Motley Fool

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Houston-based Rosetta Resources plans to acquire 53,306 net acres in the Permian Basin from Comstock Resources for $768 million, the company announced today.

Approximately 40,000 acres are located in the Wolfbone area of the Permian, and current production there is about 3,300 barrels of oil equivalent per day.  Rosetta is anticipating a serious upside to this acreage, identifying close to 800 net well locations for vertical drilling.  The company also said there may be further upside if horizontal drilling is possible.

The remaining 13,000 acres are undelineated and are considered more of an exploration opportunity.

CEO Jim Craddock is enthused about Rosetta’s buy: “This transaction provides entry into the prolific Permian Basin with both existing production and strong growth potential in proven delineated areas as well as prospective exploration targets on undeveloped acreage,” he is quoted as saying in the company press release.  The Permian Basin is indeed a prolific play, accounting for 20% of U.S. production outside of Alaska.

The deal is subject to standard regulatory approvals, and is expected to close by May 15.

Comstock said it intends to use the proceeds from the sale to reduce debt and fund an increase to its 2013 drilling program in the Eagle Ford shale. The company plans to spend $410 million in 2013 on drilling activities and $12 million on exploratory leasehold.

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The article Rosetta Resources Buying Permian Basin Assets From Comstock Resources originally appeared on Fool.com.

Fool contributor Aimee Duffy has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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