Executive Decision: Floyd Wilson
In the "Executive Decision" segment, Cramer spoke with Floyd Wilson, chairman and CEO of Halcon Resources (HK - Get Report), an oil and gas driller that's betting big on America's oil shale potential.
Wilson updated investors on a number of Halcon's oil shale projects. He said the company's Utica assets are delivering more oil and less gas, as hoped, while the Eagle Ford shale will be a huge opportunity for Halcon.
When asked why other companies would be willing to sell acreage to Halcon, Wilson noted that shale drilling is all about the latest technology, and those companies that have the latest tech will be able to pull up more oil and gas than those that don't. Therefore, buying previously drilled land land sense for all those involved.Turning the the lack of shale infrastructure, Wilson said Halcon lays its own pipelines in order to transport its oil where it needs to be. Finally, when asked about the possibility of two more shale fields being discovered in America, possibly even bigger than those already found, Wilson said he's heard those rumors but would not comment further. Cramer said Halcon's past track record is what makes this company's prospects so exciting.