Devon Energy Corp (DVN), Apache Corporation (APA): Does This Mature Texas Oil Field Hold the Next Bakken?

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The Cline Shale might become the next big oil play since the Bakken, and if it does it could really help Devon Energy Corp (NYSE:DVN) in its drive to boost its liquids production. However, even if estimates for the Cline Shale prove to be too rosy, the Permian Basin itself should continue to deliver oily profits to producers and investors alike for years to come.

The article Does This Mature Texas Oil Field Hold the Next Bakken? originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo owns shares of ConocoPhillips and LINN Energy, LLC. The Motley Fool owns shares of Apache and Devon Energy.

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