I don't know if anything you've read or heard about the
current American energy boom is even half-way accurate.
I'm certain you've heard of the "American Energy Renaissance"
- or seen headlines about new oil discoveries in places like the
Bakken and Marcellus shale formations.
For most of the past decade, it's been tough to ignore the
hype, hysteria and misleading information out there.
But the truth about soaring oil and gas production hasn't been
explained or investigated in very much depth by most of the
mainstream press and media.
To put things into perspective, let's look at just one major
oil and gas resource that's being developed right now.
The Permian Basin is a geological formation that covers 250 to
300 miles of west Texas and Eastern New Mexico and comprises
7,000 oil fields across 59 counties.
The area has been producing oil since 1921. But ten years ago,
the area was left for dead. The wells weren't pumping, and
companies operating in the area shut things down and capped their
Of course, that was before new drilling techniques. Fracking
changed the Permian, and has resulted in a renaissance of
drilling activity in the basin. Today there are over 400 drilling
rigs drilling for oil and gas in the Permian Basin.
And in just three years, oil production in the Permian has
doubled to the highest levels seen in the 1980s.
Now "the Basin" accounts for 57 percent of all Texas oil
and 25% of all U.S. production.
The Permian Basin once again is one of the centers of U.S. oil
production, along with the Eagle Ford shale formation in south
Texas and the Bakken/Three Forks shale formation in North
So, what does all this mean for investors?
Start by considering the potential magnitude of the Permian
Basin oil and gas discoveries. In fact,
Pioneer Natural Resources (
CEO Scott Sheffield recently stated that the Permian was "
the second-largest oil discovery in the history of the
." Saudi Arabia's Ghawar field is the largest.
Just to give you some perspective the Eagle Ford has a
thickness of 25 to 30 feet and the Bakken is 10 to 25 feet thick,
the Permian Basin which encompasses the Cline Shale, is estimated
to be 200 to 550 feet in thickness!
Investors looking for the most rewarding oil and gas
opportunity should look no further than the Permian Basin.
The economics of this region make it far more profitable than
other areas like the Bakken or Eagle Ford.
Indeed, the Permian is red hot right now.
Don't believe me, just look at the returns of oil and gas
companies operating in the Permian Basin. A portfolio of Permian
pure plays would have you up 40% year-to-date. By comparison,
over the same time frame, the SPDR S&P Oil & Gas
Exploration & Production ETF (
) increased only 15%.
The good news is that this story is so misunderstood,
underestimated and largely ignored by the investment public that
it's still in the earliest stages in terms of investment
We're extremely excited about the opportunities in the Permian
Basin. And I'd like to invite you to attend this event that's
hosted by my colleagues Ian Wyatt and Tyler Laundon.
The event -
U.S. Energy Alert: 3 Profit Plays for 2014 and
- takes place this
Thursday at 2 p.m. Eastern Time
. The live investing seminar takes place over the phone,
and it's absolutely free. For your convenience, we'll even call
If you want to hear more about big profit opportunities in the
high growth U.S. energy sector, you'll want to tune in. Ian and
Tyler will be sharing details on two of my top investment
recommendations. Plus, they'll have lots of time for a live
The event is in just two days - and we're filling up quickly.
All you need to do is
click here now
to reserve your seat.
I highly recommend that you attend this live investing
Be sure to be at your phone at 2 p.m. eastern on
- we'll be calling you directly if you choose to attend.