The North Dakota government has apparently had enough of natural gas flaring by oil and gas producers in the state. This week, the state's Industrial Commission said it wants to reduce natural gas flaring in North Dakota by at least 77% between now and the first quarter of 2015. Companies unable to meet the goal face limits on the amount of oil they will be allowed to produce. From an investment standpoint, this puts Bakken-centric players, Oasis Petroleum and Triangle Petroleum in the spotlight.
Triangle and Oasis stand out not only because they operate solely in the Bakken, but because their success right now is tied to their ability to quickly ramp up production. Tune into the video below to find out why the Industrial Commission's decision could have a greater adverse effect on these companies than others and what it could mean for your investment.
