The North Dakota Industrial Commission will start to punish oil explorers that don't curb their natural gas flaring by forcing them to limit the amount of oil they pump out of the Bakken shale formation. The United States' second largest oil-producing state wants energy companies to curtail flaring by 26% by the fourth quarter of 2014 and another 23% by the first quarter of next year.

In this segment of The Motley Fool's energy edition of Where the Money Is, analysts Joel South and Taylor Muckerman discuss what these new regulations mean for companies with operations in the Bakken. 

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Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends Enbridge Energy Partners, Enterprise Products Partners, National Oilwell Varco, and Statoil and owns shares of National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

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