In this video, Motley Fool energy analyst Joel South takes a look at what happened with some of the big names in the energy sector this week. With an impressive increase in the utilization of certain technologies for the offshore industry this quarter, several companies in that sector are reporting better-than-expected numbers. Secondly, South talks about a few companies he sees opting for smarter capital expenditures, rather than driving at unwise growth at an untenable pace, and he's impressed. Finally, he sees a few companies that have forced him to ask the question: Is the Bakken all it's cracked up to be?

Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy, Transocean, Seadrill, and Ultra Petroleum and has options on Ultra Petroleum. Motley Fool newsletter services recommend Seadrill and Ultra Petroleum. 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.