An emerging oil and
gas exploration development company, Innocent is focusing on development of
energy resource properties in North America. Led by a capable leadership and
technical team with over 140 years of experience, the company is targeting
proven petroleum reserves in order to cut down on risks and costs associated
with property exploration.
For stronger gains,
Innocent has created and stuck to a narrow, clearly defined business strategy,
consisting of 100% acquisitions and strategic joint-ventures. Leveraging its
technical team’s savvy and experience in identification of high-potential oil
and gas properties, the company is concentrating its efforts on two fronts. It
is engaging in development of properties with low-risk and high-upside, and
making strategic acquisitions and liquidating select oil and gas properties for
profit maximization.
Currently, Innocent
is focusing on the Wyoming-based Powder River Basin. The basin covers a sizable
area, spanning around 120 miles east-to-west and 200 miles north-to-south. The
Powder River Basin has an established reputation for its strong contributions
to American energy production. In 2013, state statistics showed that the
Wyoming-based oil industry produced over 60 million barrels of oil. It was
estimated that the Powder River Basin accounted for one-third of that
production. Other reports feature projections of Wyoming’s oil production
extending past 66 million barrels of oil in 2014.
In this
24,000-square-mile area, Innocent has identified the areas where the objective
oil-bearing formations are less than 2,500 feet below the surface as its target
area. The company has also shown interest in expanding its exploratory
activities to other promising sites in Wyoming and South Dakota as well. For
general management of the project, Innocent has tapped the expertise of
Dallas-based Evergreen Petroleum, a well-established and capable company with
over 150 years of experience in the oil and gas industry. The drilling operator
will be L & J Operating Inc. of Gillette, Wyoming. L & J Operating will
be responsible for a host of duties, inclusive of: obtaining the required
bonds, preparing relevant paperwork, selecting all contractors and suppliers,
handling payment of all invoices, taking care of sale of produced oil, and
other functions. Innocent and Evergreen will carefully supervise all details.
With its diverse and
experienced company and technical leadership, Innocent looks to take advantage
of the Powder River Basin’s strong reputation for sustainable production value,
and build itself to continuing, robust growth for the long-term.
For more information
on Innocent, visit: www.innocentinc.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment