Probably every investor has heard about the oil in the Bakken area of North Dakota and Montana. It may not be much in the news anymore, but companies are still discovering a lot of oil there, and the rig count for drilling has doubled since last winter. It is estimated that we have billions of barrels of oil that can be pumped out. The companies which have the best wells will be making hundreds of millions of dollars even if oil stays around $75 per barrel.
How do you know what companies are worthwhile for investment? Clustergains.com has a page with links to North Dakota's resource department where you can find out exactly what is happening in North Dakota, and you can invest accordingly. The state has an outstanding website which tracks the oil companies and well progress in North Dakota. For example, one table shows the active drillers in the state. Another table shows all the oil wells and which companies are drawing oil from them. Three of the best companies there are Brigham Exploration, Continental Resources, and Whiting Oil. Clustergains.com can help you find the answers for investing in Bakken area oil companies.
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