Monday, March 1, 2010

Eagle Ford Shale: St Mary Land & Exploration, Acreage Leader

Table shows that relative to market valuation (MktCap), St. Mary Land and Exploration leads the pack in leasing Eagle Ford Acreage. Quality of acres leased probably varies dramatically, and most of the Eagle Ford is unexplored.
SM = St. Mary Land & Exploration
PXD = Pioneer Natural Resources
SFY = Swith Energy Company
ROSE = Rosetta Resources
HK = Petrohawk
APC = Anadarko
Mur = Murphy Oil
CXPO = Crimson Exploration
EP = El Paso Corporation
CHK = Chesapeake Energy Corp
Source for the acreages is St. Mary land & Exploration Feb 2010 Presentation.
EOG is also believed to be actively leasing in the Eagle Ford.
Petrohawk is months, pehaps a year, ahead of the pack as far as actually exploiting the Eagle Ford Shale.

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