No more 'romantic allure of the wildcatter'
| Fracking changing the way longterm investors think |
(From The Houston Chronicle) Forget the iconic oilman hoping to hit the big one. Some of today’s energy plays aren’t so glamorous, as horizontal oil and gas drilling in shale formations change the way longtime investors think.
“The industry has moved away from the romantic allure of the wildcatter,” said Jim Whipkey, co-CEO of Hi-Crush Proppants. “We know the resources are there. It’s a matter of getting them out of the ground economically.”
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