Can Bakken Producers Deliver on Continental's Bold Prediction?
The following video is from Thursday's Digging for Value, in which host Alison Southwick, Motley Fool analyst Joel South, and Fool contributor Tyler Crowe dive deep into the top stories for today's energy sector investors.The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
Continental Resources CEO Harold Hamm sees the Bakken formation in North Dakota as the premier oil play in America, and he sees it getting all the way up to 2 million barrels per day of production. Is this possible? In this segment, Joel discusses some of the advancements in technology that are making smaller exploration and production companies like Halcon Resources and Kodiak Oil & Gas faster, smarter, and more efficient. At the same time, though, there are many challenging aspects of drilling in the Bakken that could make this ambitious prediction extremely difficult to meet.
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The article Can Bakken Producers Deliver on Continental's Bold Prediction? originally appeared on Fool.com.Alison Southwick has no position in any stocks mentioned. Joel South owns shares of Halcon Resources.. Fool contributor Tyler Crowe 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.
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