The following list is one that I quickly compiled and is by no means a complete list of the companies participating in the Bakken Oil Field. However, this is an excellent place to start when doing your research. There are exploration companies that have significant exposure to the Bakken such as: Continental Resources, Brigham Exploration (recently bought out by Statoil of Norway), Kodiak Oil & Gas, EOG, Whiting and Marathon Oil some having a higher concentration of their portfolio in Bakken than others.
I recently bought Magnum Hunter Resources (MHR) to replace the speculative position I had in Brigham since they were bought out by Statoil. Magnum is more speculative but the CEO has a very good background in Oil and Gas so I was excited to find it.
Companies such as Tesoro have a large refining presence in North Dakota and oil infrastructure and engineering companies such as Halliburton are setting up new offices in ND.
There are many oil service companies that are involved in providing equipment for drilling the Bakken wells such as National Oilwell Varco and Carbo Ceramics. These companies have experienced explosive growth this past year as the drilling pace ramped up. Companies like Nabors and Baker Hughes have been shipping rigs into the Bakken as they are expecting to drill over 1200 new wells this year.
There are also companies like Enbridge and Williams who run pipelines that are being expanded in order to handle the ramp up of oil volume coming from the Bakken.
BHI BAKER HUGHES INC – Horizontal Drilling Rigs
NOV NATIONAL OILWELL VARCO INC – Drilling Equipment
LUFK LUFKIN INDUSTRIES INC – Oil Services
BEXP BRIGHAM EXPLORATION (Bought Out By Statoil of Norway)
MHR Magnum Hunter Resources
BAS BASIC ENERGY SERVICES
CRR CARBO CERAMICS * – Equipment For Fracking
HAL HALLIBURTON CO
OAS OASIS PETROLEUM INC
CPX COMPLETE PRODUCTION SERVICES
HES HESS CORP
CLR CONTINENTAL RESOURCES INC * – Oil Exploration & Production
NOG NORTHERN OIL & GAS * – Oil Lease Holder
KOG KODIAK OIL & GAS * – Oil Exploration & Production
WLL WHITING PETROLEUM CORP * – Oil Exploration & Production
TSO TESORO CORP
HOC HOLLY CORP
DRC DRESSER RAND GROUP INC
CAM CAMERON INTERNATIONAL CORP
PTEN PATTERSON UTI ENERGY INC
EOG EOG RESOURCES INC
FTI FMC TECHNOLOGIES INC
MRO MARATHON OIL CORP – Oil Exploration & Production
FTK FLOTEK INDUSTRIES INCORPORATE
KEG KEY ENERGY GROUP INC
PSV PURE ENERGY SERVICE LTD
ENB ENBRIDGE INC * – ND Oil Pipelines
SLB SCHLUMBERGER LTD
FRC CANYON SERVICES GROUP INC
HP HELMERICH & PAYNE INC
NBR NABORS INDUSTRIES LTD * Oil Drilling Rigs
OKE ONEOK INC
WMB WILLIAMS COMPANIES INC
XDC XTREME COIL DRILLING CORP
OXY OCCIDENTAL PETROLEUM CORP
TWIN TWIN DISC
WFT WEATHERFORD INTERNATIONAL LTD
WPX WPX Energy (a recent spinoff of Williams Co)
The following video is from an interview with the CEO of Continental Resources on the huge potential that exists for drilling in the Bakken Oil Field.
Toward the end of the following video they interview the manager of a mutual fund that contains nearly all of the Bakken Oil related stocks mentioned above. It also contains information about the housing boom that’s going on in the area as well as an interview with the mayor of Williston.