Here is a quick piece of information that will help you funnel oil-related news better. Whenever you hear people talk about current production in the Bakken oil fields, that usually refers to Exxon Mobil and Marathon Oil (the smaller players in the Bakken fields are Whiting Petroleum, Continental, and Hess, and this is why these smaller companies are frequently linked in discussions about mergers with Exxon and Marathon). Whenever you hear people talk about Eagle Ford oil field, the big players are BHP Billiton, Conoco, and Marathon Oil (Chesapeake and Anadarko are the smaller players there that often get brought up in the merger talks).
As a general rule, the production costs per barrel of oil are higher in the Bakken Fields than the Eagle Ford fields because the technology is more sophisticated and the drilling is deeper. Normally, this is not an issue because most of the time Bakken … Read the rest of this article!