West Texas Intermediate Crude Oil On The Rise With The Expansion Of Seaway Pipeline
The Paragon Report Provides Stock Research on Halcon Resources and Forest Oil
New York, NY (Marketwire) - U.S. oil stocks will look to benefit from plans to re-open the Seaway Pipeline. By the end of this week, Operators Enterprise Products Partners LP and Enbridge Inc. have announced 400,000 barrels of oil will flow through their pipeline. The Paragon Report examines investing opportunities in the Oil & Gas Industry and provides equity research on Halcon Resources Corp. (
Access to the full company reports can be found at:
www.ParagonReport.com/HK
www.ParagonReport.com/FST
The gap between West Texas Intermediate crude oil and Europe's Brent crude since the start of the year has shrunk 6.4 percent to its narrowest margin since September. The U.S. benchmark has fallen in value as increased domestic production and lack of access to pipelines to transport crude to refineries have created a supply glut. The Department of Energy recently reported that oil inventories at the Cushing oil-transport hub was at an all-time high of 49.8 million-barrels. The Seaway Pipeline transport oil from the Cushing hub to refineries along the Gulf Coast.
Paragon Report releases regular market updates on the Oil & Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Halcon Resources oil and natural gas reserves are located primarily in Wichita, Wilbarger and Starr Counties, Texas, Pontotoc County, Oklahoma. As of December 31, 2011, its estimated net proved reserves were 21.1 million barrels of oil equivalent, of which approximately 59% were crude oil, 32% were natural gas, and 9% were natural gas liquids.
Forest Oil's principal reserves and producing properties are located in the United States in Arkansas, Louisiana, Oklahoma, Texas, Utah, and Wyoming. The company has recently agreed to sell all of its properties located in South Texas, excluding its Eagle Ford Shale oil properties, for $325 million. As of December 31, 2011, the properties had estimated proved reserves of 272 Bcfe (85% natural gas).
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer
Source: Paragon Report