It’s no secret that the Bakken shale in North Dakota is producing tons of crude oil and natural gas. As with many other shale rock formations in the U.S. and Canada, the increased adoption of advanced drilling techniques and fracking has allowed energy and production firms to finally tap the rich energy resources locked within its rocks.
For investors, the Bakken shale remains the place to be when it comes to big portfolio profits.
Current production from the field has already surpassed earlier estimates, but according to the state’s Mineral Resources Department, energy companies — along with investors — haven’t seen anything yet. The agency now predicts that the state’s 17 counties in the Bakken will churn out roughly 1.6 million barrels per day by the time 2017 rolls around. That’s nearly double the region’s current production numbers.
That volume will help the Bakken shale surpass several second-tier OPEC nations in terms of production, which is a huge win on the road to energy independence. And given the Bakken’s continually upped resource and production figures, investors need to own a piece of it in their portfolios. Here are three of the top picks: