Demshur also confirmed the Spraberry/Wolfcamp oil shale formations are now the world's second largest oil field, trailing only to that of Saudi Arabia. Using new horizontal drilling techniques and hydraulic fracturing, Demshur said these areas will be very exciting for decades to come.
When asked about the company's technology, Demshur explained that Core Labs helps analyze rocks to determine not only where the oil and gas are but how best to recover that oil. The company can also analyze each stage of fracturing to determine whether the process is working to its highest potential.
Cramer said that no other company merges oil, technology, engineering and great science like Core Labs.
Am I Diversified?
In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets.The first portfolio included: Walt Disney (DIS), Boeing (BA), Genworth Financial (GNW), Bristol-Myers Squibb (BMY) and Noble Energy (NBL). Cramer said that this was a terrific portfolio. The second portfolio's top holdings included: Yingli Green Energy (YGE), Sirius XM Radio (SIRI), Huntington Bancshares (HBAN), Dryships (DRYS) and Renewable Energy Group (REGI). Cramer said this portfolio has too much speculation and he advised selling both Yingli and Renewable Energy and replacing them with a drug stock and an aerospace name. The third portfolio had: Salesforce.com (CRM), American Tower (AMT), Facebook (FB), Huntington Bancshares and Vale (VALE) as its top five stocks. Cramer said that Facebook and Salesforce were too similar, but he'd allow them both to co-exist since they are both hot stocks. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here. -- Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC