Occidental Petroleum Corporation (OXY), Freeport-McMoRan Copper & Gold Inc. (FCX), Chevron Corporation (CVX): 3 Companies Poised to Lead California’s Black Gold Rush

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In fact, Nuverra already has its sights on taking its full-cycle water solutions model into the Monterey. CEO Mark Johnsrud specifically pointed out on the company’s last conference call that the “bigger leap will be when we start looking into California, as that potentially develops down the road.” In fact, the dynamic duo could really prove to be in the driver’s seat to help oil companies responsively develop the Monterey given the experience will be gaining in the Bakken as the current partnership programs begin to develop.

Given the amount of technically recoverable oil in the Monterey, oil companies will try hard to find a way to get it out. Occidental Petroleum Corporation (NYSE:OXY) is likely to lead its development on the production side, while Halliburton and Nuverra should be the leaders on the hydraulic fracturing and water recycling side. That makes these three companies the most likely to lead California’s future energy boom.

The article 3 Companies Poised to Lead California’s Black Gold Rush originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo owns shares of Nuverra Environmental Solutions . The Motley Fool recommends Chevron and Halliburton. The Motley Fool owns shares of Freeport-McMoRan Copper & Gold and Nuverra Environmental Solutions and has the following options: long January 2014 $4 calls on Nuverra Environmental Solutions and short January 2014 $3 puts on Nuverra Environmental Solutions . 

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