Account Information

  • My Account

    Manage all your subscriptions, update your address, email preferences and change your password.

  • Help Center

    Get answers to common service questions, ask the analyst or contact our customer service department.

  • My Stock Talk Profile

    Update your stock talk name and/or picture.


This Two-Minute Market Move Could Make You Rich

This Two-Minute Market Move Could Make You Rich[Revealed] How to generate instant income from the stock market. Over and over again. At will. This technique is so powerful – and safe – we’re guaranteeing you can use it to generate $1 million (or more) in retirement cash. And we’ll even send you a $1,000 check to kickstart your journey. Go here for details.


A Photo Essay From The Bakken

By Robert Rapier on July 20, 2017

According to Baker Hughes (NYSE: BHI), at the end of last week, there were 53 rigs drilling for oil in North Dakota. After spending eight hours on Wednesday driving around the heart of the North Dakota Bakken Formation, I had laid eyes on most of them. Today I would like to share a few of my observations about the early stages of the Bakken Shale Boom 2.0.

As I indicated in the previous article, I was in North Dakota to deliver a talk on my company’s efforts to eliminate flaring in oil fields. Following my presentation, a colleague and I drove north from Bismarck into the heart of the Bakken. We were specifically looking for companies that are flaring gas because they are potential customers for our technology. 

Let me be clear that a company that is flaring isn’t necessarily doing anything in violation of the law. There are plenty of reasons companies are allowed to flare, but the gas that is flared is a wasted resource. We are trying to utilize that resource. But I don’t want to give anyone the impression that I am suggesting these companies are doing anything wrong.

Here is what we saw on our drive. (I took all of the photos shown below myself). As we drove up into the southern portion of the Bakken, the first wells we began to encounter in large numbers were owned by Continental Resources (NYSE: CLR). We saw little to no flaring associated with the many Continental wells we encountered. The first substantial flare we encountered was on a site operated by ConocoPhillips (NYSE: COP):

As we drove further north, we began to see more significant flaring.

There were a lot of new wells being drilled throughout the region, and a lot of hydraulic fracturing activity taking place. As a result, we saw many water lines on the ground, and a lot of pumps owned by a company I mentioned as a pending IPO back in March in Fracking Services Are Heating Up. That company — Select Energy Services Inc (NYSE: WTTR) — incidentally saw its shares rise by 25% yesterday:

We also saw several “Poseidons” used to store water to be used for fracking:

As we traveled further north, there was a lot of activity by WPX Energy Inc (NYSE: WPX). WPX had many wells in operation, and at one site they had more than two dozen storage tanks for oil and produced water:

The most surprising observation to me was the level of activity being carried out by Marathon Oil Corporation (NYSE: MRO). In the sweet spot of the Bakken, Marathon rigs were everywhere. Here is one Marathon site, with a well being drilled by Helmerich & Payne, Inc. (NYSE: HP):


Based on my observations, it seemed that the company doing the most flaring was Hess Corp. (NYSE: HES). We observed several prominent flares at Hess sites such as this:

I will close with an anecdote. The CEO of Hess is John Hess. My traveling colleague for this Bakken tour was former NFL football player Jon Hesse (currently the Sr. VP of Business Development for my company). He tells me that since he works in oil and gas, he often has to explain that he is not “that” John Hess. Maybe John Hess can call Jon Hesse about his flares.   

The Bakken is undergoing a resurgence, but the current rig count is still only a quarter of the 200 rigs that were drilling there five years ago. But demand for oilfield services is starting to heat up, so this is an area we will be looking at closely in The Energy Strategist. Consider subscribing on a trial basis to gain access to our in-depth analyses.

Signing off from Watford City, North Dakota — the heart of the Bakken.

Follow Robert Rapier on Twitter, LinkedIn, or Facebook.

You might also enjoy…


Obscure Tax Law Forces This Company to Pay Out 90% of its Profits

A 50-year-old loophole is forcing one company to pay out $9 of every $10 it makes from ironclad contracts with the U.S. Government.

In fact, over the past seven years, it’s made payments ranging from a few dollars… to tens of thousands of dollars… 30 times. Without a single cut! 

Most folks don’t even know this company exists, but the ones that do are making a mint.

Like Ted B., who’s set to receive a check for $1,096 just a few days from now.

Merrill H., a 58-year-old from New York, has collected over $3,385 so far. 

And retirees Beth and Terry P. have raked in $16,555.

I’ve put together a special report that will give you all the details, including simple instructions on how to get your name on the payout list before the next cutoff date.

You can get your copy here.

Stock Talk — Post a comment Comment Guidelines

Our Stock Talk section is reserved for productive dialogue pertaining to the content and portfolio recommendations of this service. We reserve the right to remove any comments we feel do not benefit other readers. If you have a general investment comment not related to this article, please post to our Stock Talk page. If you have a personal question about your subscription or need technical help, please contact our customer service team. And if you have any success stories to share with our analysts, they’re always happy to hear them. Note that we may use your kind words in our promotional materials. Thank you.

You must be logged in to post to Stock Talk OR create an account.

Create a new Investing Daily account

  • - OR -

* Investing Daily will use any information you provide in a manner consistent with our Privacy Policy. Your email address is used for account verification and will remain private.