Targeted drilling by small oil and gas companies is beating out major energy companies' land-grab tactics

The Wall Street Journal recently detailed how the land-grab approach of major energy companies like Oklahoma City-based Chesapeake Energy Corp. has proven to be a less successful method than the more targeted drilling approach taken by smaller companies such as Pennsylvania-based Rice Energy (See our Feb 7, 2014, blog post – "Oil giants late to the domestic shale boom are paying significant amounts to tap inconveniently located petroleum deposits"). Companies like Rice, as well as Texas-based Diamondback Energy Inc. and RSP Permian Inc., and Denver-based Antero Resources, all recently had strong initial public offerings, while energy behemoths like Royal Dutch Shell are writing down their shale assets and regrading natural gas drilling as a "losing proposition," the article said. For more, read the full story.

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