Buy American: 5 Best U.S. Oil Stocks to Buy

Thanks to shale, the U.S. is now producing 10% of the world's oil

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Buy American: 5 Best U.S. Oil Stocks to Buy

Best U.S. Oil Stocks To Buy #5 — Noble Energy

nobleEnergy Buy American: 5 Best U.S. Oil Stocks to Buy

While it has been recently gaining attention for its legalized marijuana industry, Colorado should be on anyone’s radar when it comes to picking oil stocks. That’s because its Niobrara field is poised to be an upcoming shale powerhouse.

The formation is estimated to hold around 2 billion barrels of oil according to the EIA and has a similar gravity as oil pumped out in Alaska’s North Slope. That makes it perfect for refining in California’s various facilities.

Leading production in the region is Noble Energy (NBL).

NBL holds 610,000 acres and manages to produce around 100,000 barrels of crude oil each day from the Niobrara. An aggressive capex and cost-savings program — dubbed Integrated Development Plan and using multi-pad drilling — should help NBL reach 250,000 barrels per day by 2018.

Overall, the Niobrara should continue to be a cash cow for NBL, while it tackles some ambitious projects in other parts of the world. That makes it one of the best oil stocks to buy in today’s market.

As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2014/04/oil-stocks-nbl-eog-pxd-mpc-kog/.

©2014 InvestorPlace Media, LLC

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