3 Companies to Watch in America's Top Oil Play
Move over, Permian Basin. Step aside, Bakken Shale. The Eagle Ford means business.
Crude oil production in the shale topped 300,000 barrels per day this summer, compared with just 358 bpd in 2008. Yes, oil production is up in southeast Texas, and it's time to get to know a few of the companies in this shale play that are making the most of it. In the following video, energy analyst Aimee Duffy gives investors the name of one shale stalwart, one up-and-comer, and one tangential play to start their research.
The surge in oil and natural gas production from hydraulic fracturing and horizontal drilling is creating massive bottlenecks in takeaway capacity. However, this problem for producers creates a massive and immensely profitable opportunity for midstream companies. Energy Transfer Partners helps alleviate the gluts in supply, with 23,500 miles of transformational pipelines. To see if ETP and its industry-leading yield will be a fit for you, click on this detailed premium report, which will supply you with a thorough analysis of this attractive midstream.
The article 3 Companies to Watch in America's Top Oil Play originally appeared on Fool.com.Fool contributor Aimee Duffy and The Motley Fool have no positions in the stocks mentioned above. 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.