Can Bakken Producers Deliver on Continental's Bold Prediction?

Before you go, we thought you'd like these...
Before you go close icon

The following video is from Thursday's Digging for Value, in which host Alison Southwick, Motley Fool analyst Joel South, and Fool contributor Tyler Crowe dive deep into the top stories for today's energy sector investors.The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.

Continental Resources CEO Harold Hamm sees the Bakken formation in North Dakota as the premier oil play in America, and he sees it getting all the way up to 2 million barrels per day of production. Is this possible? In this segment, Joel discusses some of the advancements in technology that are making smaller exploration and production companies like Halcon Resources and Kodiak Oil & Gas faster, smarter, and more efficient. At the same time, though, there are many challenging aspects of drilling in the Bakken that could make this ambitious prediction extremely difficult to meet.

More companies that are making America's energy boom their personal piggy banks
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, the Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free. 

The article Can Bakken Producers Deliver on Continental's Bold Prediction? originally appeared on

Alison Southwick has no position in any stocks mentioned. Joel South owns shares of Halcon Resources.. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading