In a recent presentation, ExxonMobil (NYSE: XOM) said that hydraulic fracking could be a $600 billion stimulus for the United States in the coming years. The technology behind fracking has led to the energy renaissance we have been witnessing here in the States, and it will likely pick up the pace once prices begin to return to equilibrium in the natural gas arena.
Where to turn for fracking profits?
Look no further than Halliburton (NYSE: HAL) and CARBO Ceramics (NYSE: CRR). These two companies are intimately tied to the fracking market, with Halliburton being a services expert and CARBO providing the key proppants necessary to keep the fissures open during pumping. North American land drilling has hopefully reached a trough with a potential peak a lot higher than one might expect.
With its "Frac the Future" initiative, Halliburton is in the pole position and waiting for the green flag to drop
Domestic oil & gas service companies have taken a hit in the recent past due to a slowdown in the natural gas drilling boom of the last couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.