Bakken Exclusives

Analyst downgrades EOG, Pioneer Natural Resources and Cimarex despite strong management, liquidity and resources because they appear near the high end of their trading ranges.

E&Ps and service companies, such as Halliburton, are using sand, ceramics and other substances to draw out as much hydrocarbon as possible, but it’s a daunting challenge.

Sand use per well rises, but fewer wells result in lower proppant demand. Sand pricing is down as much as 50% versus peak ceramics rapidly losing marketshare.

Bakken Gross Acreage

Company Net Acreage
Crescent Point Energy 1,000,000
DeeThree Exploration 200,000
ARC Resources 179,200
LGX Oil + Gas 167,838
All Top Acreage Holders
Company Net Acreage
Continental Resources 1,200,000
Whiting Petroleum 667,836
Hess 645,000
ConocoPhillips 626,000
All Top Acreage Holders