EPA May Place Moratorium on Further Fracking Until 2013 EPA Unlikely to Halt Fracking in the Bakken, Says Senator Hoeven

Bakken Oil Companies

Posted by Bakken Oil on Dec 1, 2011 in Companies and Stocks |

A Look at Top Bakken Oil Companies

When a country is in the midst of a huge economic slump the way the United States is right now, it wreaks major havoc on the livelihood of the people who live there. Unemployment skyrockets while wages drop, which only exacerbates the problem with the economy. The lower the economy sinks, the worse the unemployment problem becomes and so the vicious cycle continues.

Naturally any good news in regards to job availability or an industry that’s actually flourishing during tough times is cause for celebration. Luckily, that’s exactly what’s happening right now in regards to the oil industry thanks to a noteworthy new drilling technique currently being explored by one of the nation’s top oil men in Bakken, North Dakota and the surrounding areas.

The oil industry is seeing a huge explosion in productivity as a result and that means the creation of thousands of jobs in the area. This trend isn’t expected to fizzle out anytime soon either. Experts in the industry are expecting the oil business to continue to explode over at least the next 25 years and for job opportunities to continue to become available – in the North Dakota area for now, but soon in various other regions of the United States as well.

The following are just a few of the top Bakken oil companies to watch:

Concho Resources Inc.: Based in Midland, Texas, this company is one of the major companies with drilling facilities in Bakken. It’s an independent natural gas and oil company with acreage positions in many major oil production areas in the USA though including Western Texas and New Mexico as well.
Concho Resources Company Website

Abraxas Petroleum: Another noteworthy independent corporation, Abraxas is based in San Antonio, Texas and has been around since 1977. Other areas of operation include the Texas Gulf Basin, the Rocky Mountains, and the Permian Basin among others. Abraxas is well-known in the industry for its high production rates and large acreage positions.
Abraxas Petroleum Company Website

Continental Resources, Inc: Here we have an independent natural gas and oil exploration and production company with one of the largest Bakken acreage positions out there. In addition to this, Continental is the second most productive oil producer in the Rocky Mountain area. This company is expected to continue to expand by leaps and bounds for years to come.
Continental Resources Company Website

Hess Corporation: Hess is a huge integrated energy company that has enough operations to literally span the globe. Currently, they have operations in over 23 different countries and have a strong stake in the Bakken oil scene especially.
Hess Corporation Company Website

These Bakken oil companies and many like them are expected to continue to grow, expand, and flourish over at least the next 25 years thanks to the new breakthroughs that are being made in the nation’s drilling technique. That’s huge news, not only for the job market, but for the sustainability of the American oil industry at large. Keep an eye on the industry to see which areas of the United States are expected to make headlines for oil production next.