Bakken oil has been significantly lower than WTI because of the area's lack of pipelines and infrastructure necessary for transporting. However, EOG Resourcesis one company that's been ahead of the curve on this issue and is doing very well in the energy space as a result. EOG has its own transportation system set up and can therefore move its own oil to either Cushing, Okla., (where the WTI price is) or to St. James, La. (for LLS pricing). In the following video, Fool.com analyst Joel South discusses additional advantages unique to EOG Resources, as well as what it will take for oil prices to eventually align down the road.
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The article 1 Company Ruling the Bakken originally appeared on Fool.com.
Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. Motley Fool newsletter services recommend Enterprise Products Partners. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.