Mississippian Formation Oil and Gas Stock Trading Snapshot; (NYSE: CHK), (NYSE: DVN), (OTCBB: OEDV), (NYSE: RRC), (NYSE: SD)

Point Roberts, WA. June 2, 2011 (Investorideas.com Energy Newswire) - www.InvestorIdeas.com, a leader in sector research including oil and gas stocks, issues a trading snapshot on several of the Mississippian Formation oil and gas stocks recently in the news.

Mississippian Formation Sector Trading Snapshot

• Chesapeake Energy Corporation (NYSE: CHK ) trading at $30.71, up 0.32 (1.05%) 10:55AM EDT
• Devon Energy Corporation (NYSE: DVN ) trading at $83.25, up 0.48 (0.58%) 10:54AM EDT
• Osage Exploration and Development, Inc. (OTCBB: OEDV) trading at $0.28
• Range Resources Corporation (NYSE: RRC ) trading at $53.79, up 0.36 (0.67%) 10:55AM EDT
• SANDRIDGE ENERGY INC (NYSE: SD ) trading at $11.16, up 0.04 (0.36%) 10:55AM EDT

Market Snapshot

• Dow 12,281.89 -8.25 -0.07%
• NASDAQ 2,781.56 +12.37 +0.45%
• S&P 500 1,315.66 +1.11 +0.08%
• 10 Yr Bond (%) 2.9950% +0.0290
• Oil 100.48 +0.19 +0.19%
• Gold 1,534.80 -7.60 -0.49%

In a recent Q&A with Investorideas.com, Kim Bradford, President and CEO of Osage Exploration and Development, Inc. discusses the players in the Mississippian Formation;
"There are more than a dozen that I could name offhand. What is interesting is that in almost every case, it is Oklahoma based companies that are in this play. Ranging from very long term privately owned Oklahoma drillers such as Nadel & Gussman and Ceja, which date back to the 20's and 30's to Eagle Energy which was founded in 2009, all are finding success in the Horizontal Miss. The publicly traded companies such as Chesapeake Energy, Devon Energy, SandRidge Energy, and Range Resources with a combined market cap of almost $70 billion lend a tremendous amount of credence to the play by their very presence. It is fair to say that at least in SandRidge Energy's case, its commitment to the Oklahoma Mississippian play has totally transformed the company from a lackluster natural gas focused producer to one of the most dynamic mid sized oil companies in the market today, with a stock price performance to match that transformation going from $4 less than a year ago to roughly $12 today. If you go to their website, and you should, it is obvious that they largely credit the Horizontal Miss for that transformation.
The attribute that all the Horizontal Miss players seem to have, beyond the fact that they are almost unanimously Oklahoma companies with detailed local knowledge, is that they have been largely driven by people of conviction, ranging from most notably Tom Ward at SandRidge Energy to Loren Schmidt at Calyx, Charles Wickstrom and Shane Matson at Spyglass Energy, as well as Osage's own Greg Franklin, and many others. While the Mississippian formation has been known for decades, it took the ability to re-evaluate without prejudice, and move forward with conviction that the Mississippian could be an ideal candidate for horizontal exploitation.
Because the Mississippian is present in so many counties in Oklahoma, each of the companies involved are making unique contributions to the knowledge base. As an example, Pablo Energy and Eagle Energy of Oklahoma are in completely different areas of Oklahoma, use completely different drilling and completion techniques, but are helping us all to advance our knowledge and build efficiencies. Oklahoma is a fantastic place todrill for oil and these are fantastic people and companies to be working along beside.”
More aboutOsage (OTCBB: OEDV)
Osage Exploration and Development, Inc. ( OTCBB: OEDV)
Based in San Diego, California with production offices in Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the US and Colombia. www.osageexploration.com
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Company News:
Osage (OTCBB: OEDV) Joint Ventures Its 10,000 Acre Horizontal Mississippian Nemaha Ridge Project
Full News: http://www.investorideas.com/CO/OEDV/news/2011/05261.asp
Company Q&A: Q&A Interview with Kim Bradford, President and CEO of Osage (OTCBB: OEDV), Following News of Joint Venture with Slawson Exploration Company, Inc. and U.S. Energy Development Corporation
Full interview: http://www.investorideas.com/CO/OEDV/news/2011/05312.asp
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Disclosure: (6 months starting May 24, 2011 thirty five hundred per month, 100,000 144 shares)