Stick Three Forks in This Oil and Gas Producer
Cost savings and efficiency highlighted Oasis Petroleum's fourth-quarter and full-year release for 2012. Operating strictly in the Bakken and Three Forks plays of the Williston Basin has allowed the company to increase its ability to extract oil and gas more profitably. With dynamic infrastructure capabilities, it has the ability to capitalize on changes in regional pricing. Motley Fool analyst Taylor Muckerman believes that this company is likely to continue on its path and could possibly rival Bakken acreage leader Continental Resources one day as one of the top producers in the region.
The Bakken formation has allowed several companies to grow at dizzying speeds:
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The article Stick Three Forks in This Oil and Gas Producer originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman 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.