Innocent, an
emerging oil and gas drilling, exploration, and development company, has formed
an exciting, new business venture with Evergreen Petroleum in order to explore
for oil and gas in Wyoming. Evergreen has long-term experience in the area and
Innocent anticipates a promising future for both companies as a result of their
joint venture. As a team, the two companies will work in concert to acquire and
explore properties with significant upside and minimal risk. Right now, the
companies’ main area of interest is the Powder River Basin of Wyoming but they
will also study other prospective areas in Wyoming and South Dakota.
Established in 2006
with headquarters in Florida, Innocent focuses on developing properties in
North America. The company reduces exploration risk by developing proved
petroleum reserves like the Powder River Basin with oil-bearing patterns less
than 2,500 feet below the surface, and maximizes profit through the strategic
acquisition and liquidation of select oil and gas properties.
By signing an
exploration agreement with Evergreen Petroleum of Dallas, Texas, which has more
than a century of experience in the oil and gas field, Innocent has aligned
with an industry expert that will provide both technical guidance and field
management expertise. Evergreen will be the general manager of the new
exploration venture and oversee the selection of areas to lease, drilling of
exploratory and development wells, and production of the oil and gas
discovered. Evergreen will also continue to perform local and regional
geological studies to identify prospects worthy of leasing. A company named
Pacer Energy will carry out the initial title examinations for the minerals in
selected areas and acquisition of leases on behalf of Innocent and Evergreen.
Another entity, L
& J Operating Inc. of Gillette, Wyoming, will be the operator of the
drilling project. This company’s responsibilities will include acquiring the
required bonds, preparing the joint operating agreement forms, choosing
contractors and suppliers, paying invoices and taxes, selling the produced oil,
and paying the parties involved their monthly net income. Innocent and
Evergreen will supervise all of L & J’s activities, including daily and
other interval reports, while Innocent alone will be in charge of hiring
engineering and geological consultants as they are needed.
For more information
on Innocent, visit: www.innocentinc.com
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