Bankers tout 2 Texas sites as "red-hot" for exploration

09/6/2010 | Fort Worth Star-Telegram (Texas)

The Eagle Ford Shale and the Permian Basin in Texas are "red-hot" sites for oil and natural gas drilling, investment bankers said. Eagle Ford has turned into "a very active marketplace for transactions" and "large-acreage positions are garnering premiums," said Chris Simon of Raymond James & Associates. The Permian Basin, meanwhile, is flourishing because of good, stable oil prices, said Sylvia Barnes of Madison, Williams and Co.

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Fort Worth Star-Telegram (Texas)

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