In the following video, Motley Fool energy analysts Joel South and Taylor Muckerman take a look at the Williston Basin and discuss the Three Forks formation, located beneath the Bakken, that's attracting a lot of attention at the moment. Joel tells us about some of the exploratory wells that companies like EOG Resources (NYSE:EOG), and Continental Resources (NYSE:CLR) are drilling and how those wells are performing. They also tells investors what the cost/benefit ratio looks like for companies that are drilling wells at increased depths to tap this rock layer.

Joel South owns shares of SandRidge Energy. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.