You’re NOT too late to profit on the country’s greatest oil play…

Longtime S&A readers know the Eagle Ford… It’s a layer of rock in Southeast Texas that’s rich in oil and gas. A few years back, some pioneering companies targeted this area. They had a theory that new fracking technology would allow them to economically recover oil and gas from the shale.

They were right. And from 2009-2010, oil production in the Eagle Ford increased by more than 14,000 barrels per day.

[ad#Google Adsense 336×280-IA]This was a phenomenal 1,700% increase.

Over the next three years, oil production rose by another 3,300%.

The numbers keep growing… and the opportunity for investors is still there…

You might be hearing that the Eagle Ford’s “glory days” are behind it.

But as I told you last year, the numbers more than prove otherwise.

Take a look at the table below. Even after years of explosive growth, production numbers keep moving higher…

To put these numbers into perspective, the Eagle Ford’s current daily production is roughly half of the daily oil that was produced in all of Texas in 2009. It currently accounts for 22% of Texas oil production.

All that new oil is increasing earnings at the biggest Eagle Ford producers. Take Pioneer Natural Resources (NYSE: PXD) and Range Resources (NYSE: RRC), for example. These companies were among the first to open the Eagle Ford.

Pioneer shares are up 180% from January 2010. Range Resources is up 60% over that same period. There’s more upside ahead…

You see, we don’t know the limits of shale yet.

The whole system of cracking the rocks and producing the oil is just a couple years old. Companies like Pioneer and Range Resources constantly innovate. The result is the rapid and dramatic increase in oil production in places like the Eagle Ford and other giant shale fields around the country.

This is the most exciting area in the entire oil industry right now. The trend is up and continuing to climb higher. This sector still holds enormous potential for investors. And as you can see from the share price gains of Pioneer and Range, when production surges, so do earnings and share prices.

There are more gains ahead for innovative producers in America’s top shale fields.

Good investing,

Matt Badiali

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Source: The Growth Stock Wire