Mississippi Lime

Anyone who has ever bought a penny stock, and unloaded it a few weeks later for a very tidy profit, has a pretty good idea of the attraction that an eclectic bevy of independents has for the liquids-laden Mississippi Lime. With its fairway underlying much of northern Oklahoma and southern Kansas, across the heart of the Anadarko basin, the carbonate-dominate play is characterized by shallow, low-cost wells that deliver reasonably impressive, primarily liquid production rates, making it the quintessential bargain basement of the North American shale scene. Shell is the lone major among the largely home-grown independents, who have flocked here en masse to tap what has been described as an incredibly varied, complex carbonate reservoir with comparatively high porosities and, owing to its Woodford Shale source rock with ample stacked-pay potential.

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