For all of you who may be afraid of natural gas prices, here is some encouraging news: WPX Energy (NYSE: WPX ) intends to bring two more drilling rigs to its primary gas holdings in the Piceance Basin. This 40% jump in activity could be another sign that natural gas producers are ready to reverse course after a rough 2012.
If you haven't heard of WPX, that's okay; however, it is one of the more intriguing energy plays in the U.S. Even though natural gas makes up over 80% of the company's reserves, it also has bigger oil holdings in the Bakken formation than some of the faster growing, yet smaller, oil producers. Fool.com contributor Tyler Crowe thinks WPX could be potentially primed for big gains in the space. In this video, Tyler and fellow Fool Aimee Duffy take a deeper look at WPX and discuss what this could mean for natural gas producers in general.
If you are still skittish about gas producers, then Kodiak Oil & Gas may be worth taking a look at. This fast-growing oil play has enormous potential and is focused on one of the most prolific shale plays in the U.S., the Bakken. To see if Kodiak can help grow your portfolio, 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.