For unconventional shale, support from public equity is dwindling, resource plays require staggering capitalization and joint ventures are beginning to take center stage because even companies as large as Encana Corp. (NYSE: ECA) can’t go it alone.
Private equity is taking up the slack as investors back companies just long enough to highlight their proven reserves. ...
One of the best Red River wells in the Minton-Hardy South area is within 150 metres of J19 and several new horizontal wells are now targeting oil in the Bakken formation adjacent to Petro One's properties.
The Vancouver, British Columbia-based company's mostly contiguous land base at Chambers-Ferrier now totals 25 sections (16,000 gross acres) with an approximate average working interest of 79.5% in 16 of the 25 sections and varying interests in nine (9) wells.