EcoSphere Technologies Inc. (fka ESPHQ)

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Ecosphere Technologies (ESPH.OB)- Although this does not currently really apply to Bakken oil drilling this company should be watched. Due to regulation on fraccing in the future there will be a need for a company that can recycle the water used in the fraccing process to be reused. Ecosphere has accomplished this and should continue to see significant revenue growth with Marcellus shale deals (where they can't have water wells). If this technology really works they are worth quite a bit of money. They do have debt but the upside is there. Current Price: $0.60
Upside Potential is huge, target could go to $5 or stay in the $1.50 range depending on the proof of the effectiveness of the technology.

Oil prices should be higher in 2011 barring a complete economy failure. Inflation will play a part in that and I expect prices to remain above the $90 level for the year and even going higher than majority of people expect to $125 at some point. There are many other stocks that could of made it to this list and CHK is still iffy at #10 but considering their recent buying spree I chose to include them. KOG does not have as much upside as it once did, but EOG could replace them.
http://seekingalpha.com/instablog/663848-hunter-austin/125910-2011-oil-plays-10-bakken-stocks-you-should-watch-this-year