Innocent is a development stage oil and gas exploration and production
company focused on the execution of a clearly defined strategy to acquire and
form joint ventures to maximize production capacity. The company’s interests
are currently focused on Wyoming’s rich oil and gas resources.
Wyoming currently ranks third in the nation in regards to the production
of natural gas, and eighth in crude oil production, according to the Wyoming
State Geological Survey (WSGS). Since 2002, the state’s annual oil production
has been between 51 million and 55 million barrels, accounting for one-third of
the state’s 60-million-barrell output last year. The state’s steady growth and
relatively steady oil production is due to natural gas related liquids, new
unconventional plays, and better recovery technology.
Innocent is has taken particular interest in The Powder River Basin, one
of the largest oil and gas fields in the nation, located in the heart of
Wyoming’s burgeoning oil industry. The company’s strategy is to target
prospects that are direct offsets to former production or wells with favorable
oil and gas shows. In anticipation of lower API gravities of the oil, which
will require secondary recovery via water, gas or steam or fire flooding,
Innocent will utilize new methods of radial horizontal drilling in the
reservoirs.
Evergreen, which has more than 150 years of experience in the oil and gas
industry, has been retained as the general manager of the Powder River Basin
exploration project. Evergreen will be responsible for selecting areas to
lease, drilling exploratory wells, drilling development wells, and producing
oil and gas found. Evergreen has conducted and will continue to conduct both
regional and local geological studies to define prospects that are worthy of
acquiring oil and gas leases. The operator of the drilling venture will be L
& J Operating Inc. of Gillette, Wyoming.
The WSGS reports that the near future the forecast for Wyoming’s
petroleum production is optimistic, with expectations that unconventional oil
reservoirs in the Powder River Basin may help steady or even increase oil
production in the coming years. If these forecasts are met, even at the minimal
end of the spectrum, Innocent has positioned itself with tremendous opportunity
in one of the nation’s largest oil and gas regions.
For more information visit www.innocentinc.com
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