This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Spending by oil and natural gas producers to acquire other companies took a nose dive in 2013. The Bakken led the United States' basins with just $8.8 billion in deals, largely consisting of Devon Energy's (NYSE:DVN) $6 billion purchase of GeoSouthern Energy's assets. Does this mean that leading shale producers like Continental Resources (NYSE:CLR), EOG Resources (NYSE:EOG) and Pioneer Natural Resources (NYSE:PXD) are happy with their current positions? View our take in the video clip below.

This company has to worry OPEC with its offshore prowess

Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock... and join Buffett in his quest for a veritable LANDSLIDE of profits!

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of EOG Resources. 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.