In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman take a look at the Williston Basin and discuss the Three Forks formation, located beneath the Bakken, that's attracting a lot of attention at the moment. Joel tells us about some of the exploratory wells that companies like EOG Resources (NYSE: EOG ) , and Continental Resources (NYSE: CLR ) are drilling and how those wells are performing. They also tells investors what the cost/benefit ratio looks like for companies that are drilling wells at increased depths to tap this rock layer.
Kodiak Oil & Gas is another small Williston Basin player and it offers great opportunities, but with those opportunities come with great risks. Before you hitch your horse to this carriage, let us help you with your due diligence. To find out whether Kodiak is currently a buy or a sell, you're invited to check out The Motley Fool's premium research report on the company, which comes with a full year of updates and analysis as key news breaks. To get started simply click here now.