Continental Resources is the largest leaseholder in the Bakken shale, and the top-producing firm in the Williston Basin, making it a key player on analyst Joel South's list of top energy firms. Continental has grown its reserves by 20% so far this year, as well as averaging oil production of 100,000 barrels of oil per day, well on its way to accomplish its five-year plan of tripling production. Check out the video below for more information on Continental Resources, and get informed on other major Bakken energy players.
Oil juniors like Continental Resources should turn in strong results this quarter, as the price of oil has skyrocketed over the past month. With international oil prices well above the $100 threshold, exploration and production companies are positioned to reward shareholders handsomely. However, some companies can benefit more than others, so if you're on the lookout for some intriguing energy plays, check out The Motley Fool's latest report: "3 Stocks for $100 Oil." You can get free access to this special report by clicking here.
The article Continental Resources: King of the Bakken originally appeared on Fool.com.
Austin Smith has no positions in the stocks mentioned above. Joel South has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Range Resources. 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.
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