The following video is from Thursday's Digging for Value, in which host Alison Southwick, Motley Fool analyst Joel South, and Fool contributor Tyler Crowe dive deep into the top stories for today's energy sector investors.The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
Continental Resources (NYSE:CLR) CEO Harold Hamm sees the Bakken formation in North Dakota as the premier oil play in America, and he sees it getting all the way up to 2 million barrels per day of production. Is this possible? In this segment, Joel discusses some of the advancements in technology that are making smaller exploration and production companies like Halcon Resources (NYSE:HK) and Kodiak Oil & Gas (NYSE: KOG) faster, smarter, and more efficient. At the same time, though, there are many challenging aspects of drilling in the Bakken that could make this ambitious prediction extremely difficult to meet.