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.
Why the Bakken Will Buck the Lowered Production Trend
By Tyler Crowe and Joel South – Jan 8, 2013 at 3:08PM
Despite an expected drop-off in U.S. drilling in 2013, expectations are that production in the Bakken will be ramping up.
About the Author
Tyler Crowe is a contributing Stock Market Analyst for The Motley Fool covering energy, materials, transportation, and industrial stocks.