How to Cash In on America's Oil Dominance
First up are exploration and production companies, or E&Ps, which are tasked with actually finding the shale oil and getting it out of the ground. While they're in the riskiest part of the business, they can offer considerable upside, provided commodity prices don't collapse.
Over the past few years, many E&Ps have seen continuous efficiency improvements through pad drilling and other techniques, which has helped them lower costs while maintaining strong rates of production growth. In North Dakota's Bakken shale, for instance, Continental Resources, the leading producer in the play, reported a $1 million decline in its average well costs and 58% growth in production last year, while Kodiak Oil & Gas, an oil and gas junior that also has a major presence in the Bakken, said its well ...
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