The following video is part of our "Motley Fool Conversations" series, in which analyst Paul Chi and senior analyst Matt Argersinger discuss topics across the investing world.

North Dakota has benefited so much from the prolific Bakken shale that it is now the third-largest oil-producing state in the United States. This has been made possible by high oil prices, of course. In today's edition, Paul and Matt discuss high oil prices and one company that's poised to benefit from rising oil prices.

Matt Argersinger and Paul Chi have no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. 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.