With a countrywide reduction in capital expenditures this year across the U.S. energy sector, due to continued low natural gas prices forcing several companies to shift their focus, the Bakken stands out as the one area where production is expected to increase this year. In this video, Motley Fool energy contributor Tyler Crowe explains how takeaway capacity projects by EOG Resources and Tesoro have enabled smaller players like Enerplus Resources and Kodiak Oil & Gas to successfully focus their efforts in this one region. With other unconventional oil and gas plays still trying to catch up, expect the Bakken to be a major force for the next couple of years.
As an investor, there are several plays you could make to advantage of the oil boom this year. We here at the Motley Fool want this to be the year that your portfolio explodes, so make sure you start 2013 with a bang and get the inside scoop on what Motley Fool superinvestor David Gardner will be buying this year. He's crushed the market in his Stock Advisor and Rule Breakers portfolios for years, and now I invite you to a personal tour of his flagship stock picking service: Supernova. Just click here now for instant access.
The article Why the Bakken Will Buck the Lowered Production Trend originally appeared on Fool.com.
Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him on Fool.com under TMFDirtyBird, Google +, or Twitter @TylerCroweFool.
Joel South 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.